Help!!!! f*cking dealerships!!!!!!
Posted: Sat Sep 01, 2007 8:41 pm
Man, if only i had known something was gonna get this ugly.
First, this was not a toyota dealership but i believe its something related.
I was going to help my sister get a car (not a present) more like help her get one because of an inadequate credit history,
got there , discussed a deal on a base sentra model, and talked price till we got to the financing etc etc,
now the finance section is a separate unit and they promised the 'best 'rate possible, and bla bla bla.... they tell me they cannot get me a rate quote until I 'initial' a certain rate plan , something i was dumb enough to do.
A while later, the guy comes in and starts going over some extended warranty stuff and 'additions' as i assume they normally do , and naturally I say no to all that. And when I asked what the financing rate is,, they tell me that the interest rate comes up to 15% at an end value of 18000, on a sentra of cash value $ 11000.
ok i might not be good at alot of things , but i refuse to believe that it would cost that, since i have financed several other cars and never have i even come close to that.
so am asking , all those with experience, are there any grounds to back out of the whole issue even if the guy told me i already owned the car since i had already signed the documentation stating the intended payment plan?
Don't get me wrong, the actual value of the car dosen't bother me, its the amount that they are charging for financing that dosen't add up. definitely not even close to 15%.
anyone with experience or meaningful advise can chip in please
First, this was not a toyota dealership but i believe its something related.
I was going to help my sister get a car (not a present) more like help her get one because of an inadequate credit history,
got there , discussed a deal on a base sentra model, and talked price till we got to the financing etc etc,
now the finance section is a separate unit and they promised the 'best 'rate possible, and bla bla bla.... they tell me they cannot get me a rate quote until I 'initial' a certain rate plan , something i was dumb enough to do.
A while later, the guy comes in and starts going over some extended warranty stuff and 'additions' as i assume they normally do , and naturally I say no to all that. And when I asked what the financing rate is,, they tell me that the interest rate comes up to 15% at an end value of 18000, on a sentra of cash value $ 11000.
ok i might not be good at alot of things , but i refuse to believe that it would cost that, since i have financed several other cars and never have i even come close to that.
so am asking , all those with experience, are there any grounds to back out of the whole issue even if the guy told me i already owned the car since i had already signed the documentation stating the intended payment plan?
Don't get me wrong, the actual value of the car dosen't bother me, its the amount that they are charging for financing that dosen't add up. definitely not even close to 15%.
anyone with experience or meaningful advise can chip in please