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Is the dealership trying to rip me off? HELP!!!

8 messages,  Last post on Jul 06, 2009 at 2:45 PM

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#1 of 8 Is the dealership trying to rip me off? HELP!!! by vivaretro Jul 04, 2009 (9:45 am)
Hi,   I purchased an 09 Hyundai Genesis V8 w/ Tech couple months ago.   Here is what happened.   1. When I got to the dealership, I received a verbal quote of $35,000, to be PURCHASED with cash in full.   2. When came back to sign the contract, they said they made a mistake and it is actually $35,500.   3. I said no deal and left the dealership.   4. Dealer called and offered me to work it around by having me sign a LEASE contract instead of PURCHASE so they can get $1,000 rebate from HYUNDAI. I would then make only 3 payments and buy out the vehicle. This way, I would be paying $35,000 for the vehicle.   5. I signed the lease and it is time to buy out the car. I called up the delaership and they said there would be a FINANCE charge of $399 to buy out the car. They never told me about this when I signed the LEASE contract.   Is this a legitimate business practice? My questions are:   1. Do I pay finance charges when I actually PURCHASE with cash in full?   2. The dealer said it's something I would have paid anyway if I bought the car in the first place. Then why didn't they charge for it when I sign the LEASE?   All in all, it's like I've done them their favor and got nothing in return. If I pay them $399 under the table, its pretty much the same thing as buying it for $35,500.   I am going to the dealer on Monday. I would really appreciate your help on this matter. Replies to this message: zone4 (Jul 04, 2009 6:31 pm) tayl0rd (Jul 06, 2009 9:23 am) ll0923 (Jul 06, 2009 2:45 pm)
#2 of 8 Re: Is the dealership trying to rip me off? HELP!!! [vivaretro] by zone4 Jul 04, 2009 (6:31 pm)
Replying to: vivaretro (Jul 04, 2009 9:45 am) Tell them you are going to report them to your state consumer affairs division and you are going on tv after that. That should get their attention. However, you should have read your lease more closely. If it says you have to pay $399 in the lease you are out of luck because you signed it. You don't pay finance charges when you purchase a vehicle buy paying in full with cash. Frankly, I would have went to another dealer when they said $35,500.
#3 of 8 Re: Is the dealership trying to rip me off? HELP!!! [vivaretro] by tayl0rd Jul 06, 2009 (9:23 am)
Replying to: vivaretro (Jul 04, 2009 9:45 am) Yes, you got taken to the cleaners. Not only do you HAVE to buy out your lease, but also you have to pay whatever the current market value of the car is. If you do this, you could be looking at paying over $50K for this car. Just stick w/ your lease and save your money.
#4 of 8 Re: Is the dealership trying to rip me off? HELP!!! [vivaretro] by ll0923 Jul 06, 2009 (2:45 pm)
Replying to: vivaretro (Jul 04, 2009 9:45 am) Was it at Brad Benson Hyundai dealership in NJ? Cause they did the same thing to me basically when I bought an Elantra. A graduate student right out of college, they have no mercy. I will NEVER do business with a Hyundai dealer or Brad Benson branch because they were so deceiving.

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