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Car Dealership Issue

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crazybone04

Junior Member
Hello

I live in Maryland. My case started on July 26th 2007, when my sister
and I went to Toyota koons ( Car dealershi) in Virginia. She wanted to
get a car, but after
paper work and everything, it happened to be that she didn't have a
good credit. After a
few moment the sales person came to me and said that i could have the
car under my name
since i had a good credit. Then i questioned him what would happen if i
have to get my
own car. His answer was there would'nt be any problem, and he also said
that I could
even have two cars. We did the paper work, and they gave her the
car(Camry 2007 used
44711 miles). A couple months later I decided to get a car for myself
at the same place.
I wanted to have a Nissan Maxima used/new in the age of 2004-5-6-7. But
unfortunately
at that time they didn't have any maximas, so i ended up getting a
nissan altima 3.5 SE-R
2006. Before i got the car i was supposed to get loan from credit
union, but sadly i
didn't get approved because they saw that I had a loan from toyota so i
was denied.
I went back the next day to tell them that i was denied from credit
union. They said no problem
we will approved you for the car. We did the financial work and they
gave me the car, i was excited
that i finally had my own car. I went home and called geico insurance
so i could have insurance on the car.
Thirty days later, i got a phone call from them saying i had to bring
back the car because it
was not approved, and the bank does not want to take a risk to give me
two cars, and then
i said to them you guys made me in this situation now, i didn't ask to
be in this mess.
They let me talk to the sale manager, his suggestion was that i should
brought my sister's car
to trade it in for the Nissan Altima since they cannot give me two
cars.
I called my sister and tried to convince her and she agreed to that
deal. I brought back the
Camry 2004 for the Altima. They did the trade and gave me the Altima,
two weeks later I received
another phone call saying that it was not approved again because of the
negative equity.
I had to bring it back again. I finally decided not to take either car
anymore because of the ups and
downs and the whole story behind. They said no to the Camry and took
the Altima back. Now I am stock
with the Camry that I don't like and never asked for, and i have to pay
for it.
They would messed my credit up if i had left the Camry. Is there
anything i can do to cancel the whole deal
without having them messing my credit up?
 


BoredAtty

Member
Hello

I live in Maryland. My case started on July 26th 2007, when my sister
and I went to Toyota koons ( Car dealershi) in Virginia. She wanted to
get a car, but after
paper work and everything, it happened to be that she didn't have a
good credit. After a
few moment the sales person came to me and said that i could have the
car under my name
since i had a good credit. Then i questioned him what would happen if i
have to get my
own car. His answer was there would'nt be any problem, and he also said
that I could
even have two cars. We did the paper work, and they gave her the
car(Camry 2007 used
44711 miles). A couple months later I decided to get a car for myself
at the same place.
I wanted to have a Nissan Maxima used/new in the age of 2004-5-6-7. But
unfortunately
at that time they didn't have any maximas, so i ended up getting a
nissan altima 3.5 SE-R
2006. Before i got the car i was supposed to get loan from credit
union, but sadly i
didn't get approved because they saw that I had a loan from toyota so i
was denied.
I went back the next day to tell them that i was denied from credit
union. They said no problem
we will approved you for the car. We did the financial work and they
gave me the car, i was excited
that i finally had my own car. I went home and called geico insurance
so i could have insurance on the car.
Thirty days later, i got a phone call from them saying i had to bring
back the car because it
was not approved, and the bank does not want to take a risk to give me
two cars, and then
i said to them you guys made me in this situation now, i didn't ask to
be in this mess.
They let me talk to the sale manager, his suggestion was that i should
brought my sister's car
to trade it in for the Nissan Altima since they cannot give me two
cars.
I called my sister and tried to convince her and she agreed to that
deal. I brought back the
Camry 2004 for the Altima. They did the trade and gave me the Altima,
two weeks later I received
another phone call saying that it was not approved again because of the
negative equity.
I had to bring it back again. I finally decided not to take either car
anymore because of the ups and
downs and the whole story behind. They said no to the Camry and took
the Altima back. Now I am stock
with the Camry that I don't like and never asked for, and i have to pay
for it.
They would messed my credit up if i had left the Camry. Is there
anything i can do to cancel the whole deal
without having them messing my credit up?
No, there is nothing you can do. Playing musical cars is a waste of money because of the depreciation (as you have now discovered).
 

crazybone04

Junior Member
But what do you mean by musical cars? I really don't like the car that I have. Is there any way for me to cancel the deal?
 

BoredAtty

Member
But what do you mean by musical cars? I really don't like the car that I have. Is there any way for me to cancel the deal?
What you want to do is the equivalent of buying food at a restaurant with a credit card, eating part of it, then asking for a refund for that meal because your credit card was subsequently denied when you tried to buy more food. Does that sound reasonable to you?
 

VeronicaLodge

Senior Member
you shouldnt have "put your sisters car on your credit" what that means is you actually bought the car for her. as soon as you drove it off the lot, it was no longer worth what you paid for it, so thinking you can just take it back and get your same amount of money back is just not how it works in the real world.

the auto dealer salesman shouldnt have told you you could buy two cars on your credit, but he just wanted to make the sale, he didnt care how it really affected you.

lessons learned:

1) dont buy a car for someone else
2) dont rely on info about credit and purchasing from the guy trying to make the commission.
3) almost all cars drop in value to lower than you owe on it when you drive you away.

the best thing you can do is try to sell it yourself for as close to what you owe on it as you can
 

crazybone04

Junior Member
I just want to thank you for all the information. I really appreciated, now i can say that, i learned my lesson.

Have a nice one.
 

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