So, i'm a proud new xB owner as of sunday. well today, 5 days later, i get a F**KING call from the dealer saying, "we need you to come in. we're trying to sell your deal with toyota and its not working. we're going to need to you to put $1500 down to stay at your payment of $370."

First of all, MY PAYMENT IS $347!!! and its not with Toyota, you did it through a DIFFERENT BANK!!!. so they want me to come in to talk about it. I have ALL the signed papers with what they gave me that day. This is POOP!!!.

Question: what is the worse they can do?? Can they take the car away or make me come in with more money?? or do they just have to eat the F**KING deal if they messed up. and by the way, ITS SOUTHCOAST TOYOTA/SCION IN COSTA MESA.

 

I'd think that if it's all been signed for and it's their mistake, the dealership would have to eat the difference.

 

^^ agree with that

 

force it back on them!!!

 

I'll give my Mother a call, she does F&I stuff for a BMW/Mini/Volkswagen dealership. I'll get her take on the situation.

 

Did you sign a spot agreement? I guess that if you did, it says that the car is yours unless the deal written up isn't approved by the bank in which case you will have re-sign onnew terms.

 

what the hell is a spot agreement? i signed the form that you always sign when you buy a car. with all your info on it...

 

your supposed to take the car back after a test drive!!!!!

 

mmm i don't really know the ins and outs of automotive financial stuffs, but judging from what you described, i would definitely suggest that the dealership is trying to pull one over your eyes.
get some buddies or people you know who deal with this stuff and ask their professional opinion on the matter and what they suggest you do.

i personally think that your dealership is retarded in asking for that money. they screwed up.

 

A spot agreement is used in late evening or Sunday sales, times when the dealership is unable to get approval from the bank at the time of signing. Seeing as how you picked up and signed for the car on Sunday, it was probably a spot agreement...so you may be SOL. Sorry man.

 

Call your bank have them contact the dealership to say they own the car and you are making payments to them. Sounds like the dealer tried to run you through toyota credit.

 

the landers toyota/scion dealership here did that crap to me, it took threatening to sue them to fix the paperwork, I'd get a lawyer

 

lol

 

My dealer wants to buy my RS 2.0 back, I've received two letters in the mail already. Not sure why.

 

Captain is correct. All deals that take placeon off banking hours when they have to "float" an approval should be and most always are secured with a spot agreement. Go through your paperwork and you should find a document stating that if the deal is unable to be financed that you must return the vehicle.

Now. Here is what I would do. Call Toyota. I did during my deal they will talk to you about your loan approval amount and give you the skinny. Be patient but if you feel in your gut you are bieng wronged walk away....politley. If they are trying to hose you they will be pretty quick to keep you in the car. No need to get riled up although I can understand...I would be too. Just research it and find out more about what's up with the financing and what your options are.

Any questions feel free to ask here or PM me. I used to work in the car usiness and have owned 20+ cars.....so i am pretty familiar with this whole finance riggamorol.

L8

 

There are some crooked dealerships out there that are known for doing spot deliveries and then calling customers back to get more money or switch them into a worse car. They are known for messing with credit apps AFTER you have filled them in and so forth as well.

Definately contact the bank they said you were going through and call a lawyer.

 

 

That totally SUX!!! I'd be ticked too. Keep us updated about what happens.

 

^^Yes, please do. I'm curious of the outcome. Good luck.

 

any update yet?