T O P I C R E V I E W
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0089GT
Member # 9996
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posted
my buddy bought a car off a used Hyundai lot a 2000 something crown vic (former cop car) and he put 800 down and finaced it....gets call from dealership today saying they need to talk to him AND TO BRING THE CAR...turns out the bank declined the loan and the dealership needs the car back...is my friend covered for his 800?? what rights does he have in this position? thanks
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135.0
Member # 4992
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posted
They're trying to roll the deal for more money. He can take it back but they're gonna ask for more down. Take your 800 down payment elsewhere
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0089GT
Member # 9996
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posted
quote: Originally posted by 135.0: They're trying to roll the deal for more money. He can take it back but they're gonna ask for more down. Take your 800 down payment elsewhere
does he have to take the car back or can he keep it?
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i
Member # 12534
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posted
Either way they want their car back
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Wildfire532FB
Member # 1482
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posted
If he doesn't take it back, the dealership will most likely report the car stolen and your buddy will go to jail cause his loan didn't go through and he doesn't own the car.
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0089GT
Member # 9996
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posted
OKAY LOL what about the 800 can he get that back?
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i
Member # 12534
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posted
quote: Originally posted by 0089GT: OKAY LOL what about the 800 can he get that back?
Bank declined the loan
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Wildfire532FB
Member # 1482
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posted
quote: Originally posted by 0089GT: OKAY LOL what about the 800 can he get that back?
He should, if not have him call the cops and have them file a report that he was robbed.
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69stang
Member # 5609
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posted
He will get his $800 back and yes he has to give the car back because on the contract he signed there is a spot that gives the seller right to cancel if the loan does not go through
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adower
Member # 5955
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posted
Don't let him get suckered into buying something else cause tbe loan fell through.
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swedensky
Member # 12185
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posted
Should've sent him to me
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Beastly GT500 TVS
Member # 9723
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posted
quote: Originally posted by swedensky: Should've sent him to me
Exactly. He still can come see you
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0089GT
Member # 9996
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posted
quote: Originally posted by swedensky: Should've sent him to me
I will man I have your number. He doesn't have credit history and wants some wheels something basic.
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NEIGHT
Member # 8741
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posted
quote: Originally posted by swedensky: Should've sent him to me
Any '11/'12 5.0 M6 in white for sale?
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fredfifty
Member # 10320
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posted
saw that crown vic on that hyundai lot..all black right? looked pretty clean too
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DIRTY SALLY
Member # 7845
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posted
boohoo
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SantaClara_Cobra
Member # 9488
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posted
Have him get a rush card ASAP
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v-town coupe
Member # 2771
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posted
Take it back and gt your $800.00. this seems to be a common practice among car lots nowadays.
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89point.
Member # 6078
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posted
Fuck it if its just the dealer bein dicks to get a different deal, go swing the shit outta that car and then take it back after u had some fun with it first..
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50Reasons
Member # 6452
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posted
Sounds like the dealership did what they could to try to get your friend financed, but your friends income and credit probably is not very good.. Trust me the dealership and sales guy did not want to have to call your friend back to give up the car.. For them it was a no sale and that means no money for them from your bud.
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NavidR
Member # 3164
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posted
He will get his money back 100 percent regardless of what he put down. this is a gray LINE and he can fight it, but its easier to return the car. He signed documents saying he bought the car, dealer can't repo or report it stolen! Actually he can tell the dealer screw you, I'm keeping the car, since the dealer had him sign all the legal document... they do this so you can't go else where and buy a car, they lock you in, but on the other hand, you can keep the car. If he keeps the car, I'm sure the dealer will try to go after him in court.... "GRAY LINE".
All dealers do this, and if the loan doesn't go through people bring it back. I have worked for many years for used car dealers. If your friend really loved the car and doesn't want to give it up, he can contact the DMV investigators office, this is where you complain about dealers. He can tell the dealer that I'm contacting the DMV investigator to ask for the law.
Dealers SHIT them selves when you say the work DMV investigator...
•"For information, directions, or to schedule an appointment to discuss criminal complaints; complaints against car dealers; victims of identity theft; or other consumer protection issues involving the purchase of a vehicle or identity theft, please call (916) 229-0167 or (916) 229-0168."
Best of luck to you!
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SantaClara_Cobra
Member # 9488
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posted
quote: Originally posted by NavidR: He will get his money back 100 percent regardless of what he put down. this is a gray LINE and he can fight it, but its easier to return the car. He signed documents saying he bought the car, dealer can't repo or report it stolen! Actually he can tell the dealer screw you, I'm keeping the car, since the dealer had him sign all the legal document... they do this so you can't go else where and buy a car, they lock you in, but on the other hand, you can keep the car. If he keeps the car, I'm sure the dealer will try to go after him in court.... "GRAY LINE". Good info. This sounds like some good info .if he does this, let us know the turn out
All dealers do this, and if the loan doesn't go through people bring it back. I have worked for many years for used car dealers. If your friend really loved the car and doesn't want to give it up, he can contact the DMV investigators office, this is where you complain about dealers. He can tell the dealer that I'm contacting the DMV investigator to ask for the law.
Dealers SHIT them selves when you say the work DMV investigator...
•"For information, directions, or to schedule an appointment to discuss criminal complaints; complaints against car dealers; victims of identity theft; or other consumer protection issues involving the purchase of a vehicle or identity theft, please call (916) 229-0167 or (916) 229-0168."
Best of luck to you!
[ 2013-12-20, 01:19 AM: Message edited by: SantaClara_Cobra ]
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KARATExxCHUCK
Member # 12851
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posted
quote: Originally posted by 0089GT: my buddy bought a car off a used Hyundai lot a 2000 something crown vic (former cop car) and he put 800 down and finaced it....gets call from dealership today saying they need to talk to him AND TO BRING THE CAR...turns out the bank declined the loan and the dealership needs the car back...is my friend covered for his 800?? what rights does he have in this position? thanks
If he cant get the money back. Let me know. I have a friend thats a lawyer.
Charles
Merry Christmas
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