Re: Questions on buying Toyotas/Potential Car Salesman Shenanigans
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This happened to a friend of mine once. They called him approximately 2 weeks later and asked for a bunch of stuff, and ultimately said that they couldn't approve him and he had to come up with more money down or accept a higher interest rate with another lender.
He had driven the car on a couple of roadtrips and a few other places, and he told them, that's fine, but I'm bringing it back immediately and you're getting back a car with 1700 miles on it. (It was a new car with <100 miles on it when he purchased it.)
They managed to finance him at the original terms after all.
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This really doesn't answer your question, but it does illustrate that sometimes something shady is really going on.
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Given I think this is pretty much a scam, I've always thought that if it happened to me I would threaten with lots of letter writing (Attorney General, BBB, Newspapers, Radio/TV Problem solvers, General Manager, President of Manufacturer, etc). Then in return for me not doing that, I come in and we refinance. 0% APR, $500 under dealer invoice. [would it even work?]
I mean they tried to defraud you. I would demand a better deal than I got in the first place.
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Seriously the best way to hurt dealerships in this situation is to return the car. They lose a lot of money by having to take a car back that is now considered used. The use of threats probably won't work as well.
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