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Prices Paid: Buying & Leasing Experiences Honda Accord Prices Paid and Buying Experience
24561 messages, Last post on Nov 30, 2009 at 2:39 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Hondaguy09 (Nov 25, 2008 5:55 pm)
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Replying to: zkeith2 (Nov 26, 2008 8:19 am) Deep down in the fine print of every dealer's finance contract is a disclaimer.. If the finance company rejects the contract, and they can't get it accepted elsewhere, then the contract is void.. If that's the case, then you have to take the car back... You have some leverage, but the car isn't yours.. They will repossess it, eventually. regards, kyfdx
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Replying to: kyfdx (Nov 26, 2008 8:23 am)  I mean if the matter turns out for the worse, consulting a lawyer would be the most viable option after if your attempts to settle it peacefully has been futile. After all, the car is at least a 20K "investment" and a 1% jump means a lot of extra money paid out. Good luck in settling your case peacefully
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Replying to: szer (Nov 26, 2008 8:43 am)
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Replying to: parviz (Nov 26, 2008 10:46 am) So if you contine to shop Honda's you'll get the same rate at every dealer. Jeremy
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Replying to: mplshondadlr (Nov 26, 2008 11:24 am) The point of agreeing to return the car, is to get the dealer to live up to their promise. If you end up paying more somewhere else.. that's too bad.. but, I'd be damned if I would do it at that dealer. Because.. until you push, you'll never know if they are blowing smoke, and just trying to pull another $500-$800 profit out of the deal. regards, kyfdx
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Replying to: kyfdx (Nov 26, 2008 12:33 pm) I agree there are dealers out there who try to pull a fast one one people. In this case it dosen't stike me as so. To overcome any doubt I would suggest that the person in question ask the F&I guy to see the actual approval from Honda. That should end all doubt. |
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Replying to: mplshondadlr (Nov 26, 2008 1:04 pm) I still vote for: "I'm bringing the car back if you don't sell it to me for the payment and term we agreed upon." So... they get a car back with 300 miles on it, or they eat $500 and he gets the deal they promised... I'm betting they eat it. Your way? He is definitely going to be out more money. regards, kyfdx
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Replying to: kyfdx (Nov 26, 2008 1:17 pm) I'm sure they'll eat the difference if the guy makes a big enough stink about it. Unless the guy bought the car well into the holdback. Then they'll probably just take the car back if the guy try to "bully" them in to accepting his terms. It will probably go something like this, 'The price is the price, we haven't changed that. While we figured we could get you approved at 3.9% we couldn't. Honda appoved you at 4.9%, here is the approval. (customer)'I'm sorry to hear that. How about this, keep the payment the same with the new rate or take the car back' 'I'm sorry but the payment went up with the new approval and I cant make the payment the same' 'Well then you can have your car back!' 'I understand. I'm sorry you feel that way. We will take the car back. We do however, have to charge you for excess wear - $300.00 should cover it.' 'No way! I'm not paying that, you changed the terms we agreed to.' 'No sir, we din't change anything. The car is still $22222.00 and you can still buy it at that price. But, bottom line is the lender didn't approve the contact as written. Now about that $300.00, do you want us to deduct that from your deposit?' I will bet the conversation goes pretty close to that. Sad but true 
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Replying to: szer (Nov 25, 2008 1:25 pm) If you are shopping for other people I can understand. If you are shopping for yourself (like the the poster was) the tax rate is consistant so an OTD would matter... We are using a Worldwide forum so we have various opinions however I guarantee that we ALL pay an OTD price. |
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