SONIA
SAN DIEGO,#2Consumer Comment
Wed, September 01, 2004
To the couple who was ripped off. Although you got stuck with a high percentage rate you don not have to keep that rate the life of the loan. You can request to re-finance the loan for a lower rate. If the company who financed you does not offer refinancing then go to other companies or a bank or credit union the really offer low rates. I know this because I work for a finance company & I am in Retention I refinance loans all day for lower rates/ & payments. Most companies you can request this to be done at least 1time a yr. Suggestions for companies Household Auto Finance, Capital One, WFS Financial , local banks, credit unions ect.
Chris
San Diego,#3Consumer Suggestion
Thu, October 23, 2003
At a Mossy in San Diego. Actually, I think Mossy is the best dealership in San Diego, but I got the same thing after purchasing an SUV from them. A few days later, I got a call from the finance dept. that they couldn't get financing for me. Well, I just ignored them. Didn't call back even after they left several messages. I had the cash to actually buy it, so I didn't really care what they did. After about a week of ignoring them, they leave another message that they had found financing for me. What, did they forget to check with everybody first? Did they read my credit report incorrectly? No, they're probably just trying to see if I'll either call back or (even better) come down and give them more money. Basically, the ball's in your court at this point. When they call you, they want something, and if you give them the ball back by calling back or coming down, it's only your loss. The dealer may have ten days to renig on the contract, so why not use the car as much as you can in that ten days? Trust me, they don't want it back after you've used it for ten days, they lose way more then they're making on charging higher financing.
Chris
San Diego,#4Consumer Suggestion
Thu, October 23, 2003
At a Mossy in San Diego. Actually, I think Mossy is the best dealership in San Diego, but I got the same thing after purchasing an SUV from them. A few days later, I got a call from the finance dept. that they couldn't get financing for me. Well, I just ignored them. Didn't call back even after they left several messages. I had the cash to actually buy it, so I didn't really care what they did. After about a week of ignoring them, they leave another message that they had found financing for me. What, did they forget to check with everybody first? Did they read my credit report incorrectly? No, they're probably just trying to see if I'll either call back or (even better) come down and give them more money. Basically, the ball's in your court at this point. When they call you, they want something, and if you give them the ball back by calling back or coming down, it's only your loss. The dealer may have ten days to renig on the contract, so why not use the car as much as you can in that ten days? Trust me, they don't want it back after you've used it for ten days, they lose way more then they're making on charging higher financing.
Chris
San Diego,#5Consumer Suggestion
Thu, October 23, 2003
At a Mossy in San Diego. Actually, I think Mossy is the best dealership in San Diego, but I got the same thing after purchasing an SUV from them. A few days later, I got a call from the finance dept. that they couldn't get financing for me. Well, I just ignored them. Didn't call back even after they left several messages. I had the cash to actually buy it, so I didn't really care what they did. After about a week of ignoring them, they leave another message that they had found financing for me. What, did they forget to check with everybody first? Did they read my credit report incorrectly? No, they're probably just trying to see if I'll either call back or (even better) come down and give them more money. Basically, the ball's in your court at this point. When they call you, they want something, and if you give them the ball back by calling back or coming down, it's only your loss. The dealer may have ten days to renig on the contract, so why not use the car as much as you can in that ten days? Trust me, they don't want it back after you've used it for ten days, they lose way more then they're making on charging higher financing.
Chris
San Diego,#6Consumer Suggestion
Thu, October 23, 2003
At a Mossy in San Diego. Actually, I think Mossy is the best dealership in San Diego, but I got the same thing after purchasing an SUV from them. A few days later, I got a call from the finance dept. that they couldn't get financing for me. Well, I just ignored them. Didn't call back even after they left several messages. I had the cash to actually buy it, so I didn't really care what they did. After about a week of ignoring them, they leave another message that they had found financing for me. What, did they forget to check with everybody first? Did they read my credit report incorrectly? No, they're probably just trying to see if I'll either call back or (even better) come down and give them more money. Basically, the ball's in your court at this point. When they call you, they want something, and if you give them the ball back by calling back or coming down, it's only your loss. The dealer may have ten days to renig on the contract, so why not use the car as much as you can in that ten days? Trust me, they don't want it back after you've used it for ten days, they lose way more then they're making on charging higher financing.
Darrell
Houston,#7UPDATE Employee
Fri, June 27, 2003
Why do you sign papers on a vehicle when you know that the interest rate is higher than you would like? Usually because it is the best you qualify for! Or, maybe, it was because you REALLY wanted the car. Whatever the reason, you made the decision to buy the car , at the rate given, and now you are angry at the salesman that sold it?YOU made that decision, not him. Who signed the contract? Thats what I thought.
Talen
San Diego,#8Consumer Suggestion
Tue, December 10, 2002
I sell Cars and I'm going to impart these Small Peices of Knowlege to you... 1. In California there is no Cooling off Period(as soon as you drive the car off the lot and all 4 tires touch a public street (after signing the Contract) you own the car) 2. If they Call you in to sign more papers because they couldn't get you financed then thats a new contract and you can get your down payment back if you just leave the car there and don't drive it away again 3. Unless they are In-House Financing or going through their Parent Company (I.E. Chevy, GMC, Saturn, Pontiac = GMAC... Ford, Mazda, Mecury, Lincoln = Ford Motor Credit... et cetera) then they don't have you bought by a bank untill a bank picks up the contract, which could take 2-8 days to happen, thats the reason Dealerships have 10 days to renig on the Contract... I know it's to late for you this time but hopefully next time this information will help...
Talen
San Diego,#9Consumer Suggestion
Tue, December 10, 2002
I sell Cars and I'm going to impart these Small Peices of Knowlege to you... 1. In California there is no Cooling off Period(as soon as you drive the car off the lot and all 4 tires touch a public street (after signing the Contract) you own the car) 2. If they Call you in to sign more papers because they couldn't get you financed then thats a new contract and you can get your down payment back if you just leave the car there and don't drive it away again 3. Unless they are In-House Financing or going through their Parent Company (I.E. Chevy, GMC, Saturn, Pontiac = GMAC... Ford, Mazda, Mecury, Lincoln = Ford Motor Credit... et cetera) then they don't have you bought by a bank untill a bank picks up the contract, which could take 2-8 days to happen, thats the reason Dealerships have 10 days to renig on the Contract... I know it's to late for you this time but hopefully next time this information will help...
Talen
San Diego,#10Consumer Suggestion
Tue, December 10, 2002
I sell Cars and I'm going to impart these Small Peices of Knowlege to you... 1. In California there is no Cooling off Period(as soon as you drive the car off the lot and all 4 tires touch a public street (after signing the Contract) you own the car) 2. If they Call you in to sign more papers because they couldn't get you financed then thats a new contract and you can get your down payment back if you just leave the car there and don't drive it away again 3. Unless they are In-House Financing or going through their Parent Company (I.E. Chevy, GMC, Saturn, Pontiac = GMAC... Ford, Mazda, Mecury, Lincoln = Ford Motor Credit... et cetera) then they don't have you bought by a bank untill a bank picks up the contract, which could take 2-8 days to happen, thats the reason Dealerships have 10 days to renig on the Contract... I know it's to late for you this time but hopefully next time this information will help...