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Made mistake of taking car home

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    #31
    My mother is going through something similar. She bought a car last week and they called her today wanting $500 more dollars for the 'bank' to finish the deal. Sorry, not going to happen. She told them she'd bring the car back and they could give her the down payment back. They started back pedaling and told her they'd call her on Monday.

    Funny how they call her on a Saturday when most 'banks' are closed. Trying to get back their $500 to make up for part of the $700 we got them to go below their best deal. LOL
    07/10/09 Filed Chapter 7
    08/10/09 341
    10/16/09 Discharged
    02/01/10 Closed

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      #32
      Worst comes to worse, just keep on making payments directly to the dealer. Since it's a binding contract, the dealer has to self-finance.
      My comments are solely based on my opinion. The information and links that I have
      posted are provided solely for informational purposes, and do not constitute legal advice

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        #33
        Originally posted by shabam View Post
        Worst comes to worse, just keep on making payments directly to the dealer. Since it's a binding contract, the dealer has to self-finance.
        Not if the dealer did everything correctly. Properly prepared and executed unwind provisions are legal and preserve lots of rights for the dealer.

        It's possible for a dealer to be required to hold the note themselves if they bork the unwind agreement, but that's definitely not a certain option.

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          #34
          We transfered tags from our trade in and the temp registration has expired because its been two months since we signed the dael and they never submitted the paper work with the MVA. Its Sunday and they still have not gotten our trade back from the auction. I wonder if it was sold and now they are trying to get it back????

          Manager is supposed to call me Monday...actually he was supposed to call me Friday evening and never did. I hate to lump all car dealerships and salesmen together but some of these guys are real dirt bags. They don't care about the buyer just making a sale. So frustrating.

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            #35
            I would contact your state attorney general, no matter what you end up doing with the car. It sounds to me like the dealership is acting illegally regarding the tags and maybe the deal too.

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              #36
              Well I think the saga has ended and relatively well. We got our trade back as well as our down payment. I still can't believe how much these guys continue to just make crap up. We arranged for the exchange and the Sales Manager told me "We detailed your car and filled it up with gas." When I arrived and saw my old car it was dirty and when I got in it the gas light was on. I went back in and told him thanks and just walked out. He ran after me to say something about sorry for whatever...i just got in the car and rolled out. Thanks to everyone who helped in this matter.

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