I can't say for sure (I never managed a dealership in California, only in Colorado), but most of what you're being asked for sounds normal (post-dated checks aren't legal instruments, but they're quite common). The only question in my mind is the 10% addition to the price of the car. A lot of...
I'm not an attorney, and maybe that's why this situation confuses me. As someone who worked in auto dealerships for nearly 10 years, it sounds like a variety of issues are at work.
First, how can you sell a car you don't legally own? You have the title, but your name isn't on anything? Sounds...
First - I'm no attorney. I worked in the car business for about 10 years however so I think I can help you.
I'm guessing that this is a new RX-8 - the discrepancy between 7% and 24% suggests that the dealership couldn't get you financed with Mazda Credit so they switched to the rebate and 3rd...
Phoenix - good post. People should absolutely read all the paperwork and take their time when buying a car. Great advice.
David - I'm no attorney, but I worked as a finance manager at a car dealership for a couple of years (and as a sales manager for a few more). I can tell you that the...
First, I'm not an attorney. I did, however, work in the car business for a few years and I've been through this before.
I'm having a little trouble comprehending how you owe $11k on a vehicle with 107k miles. Did you roll negative equity into the new loan? All I can figure is that you're...
Good point - the "we're not responsible for that guy" line doesn't fly.
As you say, we only know half the story.
I will say that generally speaking yo-yo sales wouldn't involve new cars. The risk of damage to the asset, combined with the fact that most consumers view new cars with more than a...
If I understand correctly, the vehicle that you owe money on was purchased at a "buy here pay here" dealership. Based on your credit bureau, it doesn't look like this buy-here-pay-here dealer is reporting. Therefore, if you don't pay off the car, there's little chance that your credit will be...
I'm not aware of any viable legal options. I worked in the car business for a few years (i'm not an attorney) so I can offer a couple of ideas.
1. Is he going to make all the payments? If you're worried about him being responsible, you need to take action. On the other hand, if he's going to...
I responded to crybrynt1975's post in another thread. This is in response to the yo-yo sale comment and link.
It's funny to me that people assume a "yo-yo" sale by a dealership is malicious or intentional. First of all, the consumer signed paperwork that indicated he was accepting a spot...
That's a tough deal for sure.
I have to say this is incredibly sloppy - I worked in dealerships for years and this NEVER would have happened without someone getting fired. Perhaps that's what happened the old finance person. Anyways...
First of all, since they paid off your old vehicle...
Dispute it for sure. A lot of collections agencies will drop your file if you make a lot of work for them.
Just make sure all your correspondence is in writing and that you send everything "return receipt requested." That way you'll have a legal record of correspondence. That often scares them...
I'm no attorney (I did however work in car dealerships for nearly 10 years), but you're probably not going to be able to return a car after more than 60 days of possession. I bet someone on this forum can find a way to help you get out from under this deal (you can find a way out of any deal)...
I'm no attorney, but I did work in the car business for about 10 years. Here would be my suggestions:
1. Go talk to your local car dealer(s).
I'm going to assume that you'll still need a car after you figure out what to do with this one. I would suggest you do the best you can to...