Last week my husband and I went and traded in our truck for another pre-owned vehicle. The experience was great. The finance dept. worked with us and kept the payments within our budget.
Today I received a call from their Finance Manager who said the bank they were going to work with for our loan wanted a higher loan fee so now we either had to come up with a down payment (we put no money down on top of our trade in) or we had to bring the car back and re-negotiate for a lower priced vehicle. He told me the bank fees were upwards of $1,500 - $1,800. We've had the vehicle a week and they still have our old truck. Can they this?
Today I received a call from their Finance Manager who said the bank they were going to work with for our loan wanted a higher loan fee so now we either had to come up with a down payment (we put no money down on top of our trade in) or we had to bring the car back and re-negotiate for a lower priced vehicle. He told me the bank fees were upwards of $1,500 - $1,800. We've had the vehicle a week and they still have our old truck. Can they this?
