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Prices Paid: Buying & Leasing Experiences Honda Fit Prices Paid and Buying Experiences
2418 messages, Last post on Nov 15, 2009 at 5:59 PM
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And the F&I guy went into it with me that: 1) The cancellation might adversely affect my rate since I am a tier 2 (720 credit score) customer and at his discretion he lowered my rate with the purchase of a 1950 Honda care warranty... 2) I would not be able to buy this exact same plane further down the road and the coverage would not be as good. I was almost swayed but held my ground because times are tough and paying 7.99% on 2k over 5 years for a product I may never use didn't seem right. He said fine, I filled out my section of the cancellation request, he said he would put it in for me in the afternoon, told me that if they cancelled the $2k would go against the principal and that it may affect the rate/payment and he would call me to let me know is this last part true??? I was expecting the total financed amount to lower (from $19k to 17) and the monthly payment to lower as a result. Also are there any other tricks they may have up their sleeves I should be worried about?  ....I thank both posts earlier and hope that someone can continue to provide advice.
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Replying to: dhectorg (Dec 11, 2008 8:41 am) Which is exactly what I would do if I were you. Bring the car back, tell them you want your money back--and they have to take the car and give you your money back.. Tell them why, too--tell them that it is because they were dishonest. Tell them that you will give Honda a documented letter explaining how disgusted you are with this dealership. And then LEAVE and don't ever go back. Try another dealership. Heck, try a different car. At this time of year, they WANT to sell, and it should be no trouble in this economy to find a car. |
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Sorry to hear about what happened and felt the same kind of pressure 3 weeks ago when buying our daughters 1st car...they pushed us to buy everything in the closing room but we stuck to our guns and declined everything...politely. Felt a change in his attitude after that but hey, I'll never see this F&I guy again. Unless we buy the Elantra for our other daughter. When I bought my Civic back in '06, that guy was really high pressure and pushed the extended warranty. He got kinda flustered when I mentioned the supposed quality that Honda's are supposed to have so why buy the warranty. Also in Florida, we can't buy a warranty online so we get hosed on the price. So far, car's been great except for some warranty issues which have been taken care of very professionally. Good luck and hope it all works out! The Sandman 
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Replying to: taximom5 (Dec 11, 2008 12:03 pm) But, they can't change your rate based on whether you purchase an extended warranty, or not.. Actually, if they want to change your rate, that would be your opportunity to refuse to sign another contract and return the car. Since you just signed the contract yesterday, they should be willing to re-write it, without the warranty. But, if they won't, he is correct, the warranty amount will be sent to the bank, and that will shorten your term, but not change your payment. That's because you financed the warranty. You were right to go back and cancel the warranty.. the price was outrageous. You can buy the same warranty on-line for much less, and you have up to 6 months and 6000 miles to do so, before the price goes up. Sounds like a sleazy place to do business.. |
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I contacted several local dealers two weeks ago to inquire about pricing on the 09 Fit with Navi. All said they are selling at MSRP and would not go any lower. Two weeks later, four dealers are now willing to sell at invoice price and actually have numerous cars sitting on their lots that are unsold. I live in the Baltimore-Washington area of MD. I assume this is due to the slowdown in car sales. Anyone else buying at invoice price now?
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Replying to: beach57 (Dec 11, 2008 2:23 pm) |
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Replying to: taximom5 (Dec 11, 2008 12:03 pm) The F&I guy called late last night to tell me the "good news" that I could cancel the warranty and not affect the rate. just like you mentioned , the monthly payment will stay the same, a fact I confirmed with Honda care over the phone. However when I called Honda, they had no record of my vin...perhaps it is to soon so I will wait till monday to see. The F&I guy did request that I bring in 2 pay stubs and 4 references which makes no sense to me to ask for 2 days after the sale and a signed contract....what is his possible angle here? I will also wait till monday to give this to him so I can run it by you all and others to see if there is some possible harm in giving him this. i admit it was a shady place to do business and if i could do it again i would at the dealership my uncle got his 09 from....you live and you learn i guess. now I am wondering what to do about the center console.....I ordered it and the price and installation is part of the financed amount....stupid I know, but I really wanted the center console...but its been a few days and I still haven't gotten a call about it....can and should I cancel it, have the amount refunded and order one online?
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Replying to: djsg143 (Dec 11, 2008 11:32 am) this will work out for you, as long as you hold your own! do your thing!
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Replying to: djsg143 (Dec 12, 2008 2:01 pm) You just need to find the the angle of what the injustice was and stay on it until you feel like you cannot fight anymore...I am now wondering if they had some computer program showing fake credit scores! I would look into this angle. I know credit scores can vary from the three agencies but still, did they tell you which agency they used? You could check with that agency (just pay for the report, it will be worth it) and find out what your score was that day. Who knows? You could crack open a huge case of them misleading the public with artificially deflated credit scores...there are so many games that can be tried out by a dishonest dealership. I do not believe most are dishonest, but the few dirty ones can be very dirty. This whole deal smells funny. It's not the price you paid that's the problem b/c we all learn from our experience....it is everything...the credit score discrepency, the throwing in of the warranty in a deceptive manner, etc etc..And you can cancel the armrest since they have not called you...Years ago I did that with lojack...it's nuts, they take your money and it takes months to get the stuff!! Unreal! People say I am a bulldog b/c when someone wrongs me, I sacrafice a lot of my time, energy, and sanity to seek justice either by phone calls, letter writing, or small claims court. I have been known to sit in law libraries for days...This transaction is weighing on you and I think you need to look closely at each issue and work on it...The more you uncover, the better your case will be for returning the car but if you find that they lied about your credit, you would have them big time! Well, good luck and just remember that at the end of the day, the extra money you spent over the amount you would have liked to spend is not earth changing or life changing and it is valuable experience for the next deal. I am soooo much different now than I was years ago on my first car. It's very hard to find your voice in a dealership, which is why it is best to find a dealership who will agree to terms before you walk in....they want to sell cars, they can at least firm up a deal before you come...something that everyone can live with. This approach works but not with every dealership but you find one that it works with and you promise yourself you will walk right out if they try and change the terms... Anyway, take care, good luck, and seek justice if you have been wronged in any way. 
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Replying to: taximom5 (Dec 11, 2008 12:03 pm) As the others have said there is no 3 day right of recession on cars. This applies to solicited sales such a door to door vacuum cleaner sales or a time share. Not cars,
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