Proserpina
Senior Member
Yep it works very well, I just didn't want to give you the satisfaction of having the last word.
I am funny that way.
Enjoy your evening.
No, you're childish that way.
Yep it works very well, I just didn't want to give you the satisfaction of having the last word.
I am funny that way.
Enjoy your evening.
That old Battle Axe cracks me up.I was actually wondering if Aunt Bunny was going to stop by.
OP, please. It's entirely YOUR responsibility to read things before you sign.
Nobody is on anybody else's "side" here - except the side of the law.
It's ridiculous for you to accuse someone of being on the dealer's "side" simply because you don't like what you've been told.
Honestly, it comes across as the equivalent of 5 year old taking a temper tantrum.
So are all Hispanics Mexican, ellieAn ex of mine owned a buy-here-pay-here lot. Do you have any idea at all how many people defaulted on loans? Those GPS and ignition-interupters were necessary. Unfortunately though plenty of people still figured out how to remove them and took off. A random bit - the group least likely to default on their loans were Mexican men. So much for "those dirty Mexicans" being deadbeats. I heard the same from other local BHPH -lot owners. Mexican men the least likely to default. But still, about a third of sales ended in defaults and most of those had the devices removed. Usually the ones recovered were destroyed.
Look, if you don't like the terms, you shouldn't have signed. So you have bad credit with the economy. I do too. But guess what. This means you have to live within your means. Buy a beater off CraigsList until you have enough saved up to buy something better. Believe me, it's so nice not having any debt payments, especially given the current economy. And you yourself admitted, though not in so many words, to being a bad risk.
The dealership isn't wrong. You are wrong. Don't like the terms? Return the car. Until the car is paid off, they have a financial interest in it and ownership.
A lot of people are in your position.I bought the vehicle because I don't have the credit to purchase a new one, like most of us in this economy I don't have the resources available to me. I bought it out of desperation period.
You didn't need a new vehicle - you needed basic transportation.I have maxed out my resources because I have 64 grand in student loans and no one will extend me the credit to purchase a new vehicle.
While paying your bills on time is commendable, it is an obligation of your loan agreements.Does that make me a dead beat? I pay my bills on time every month and that includes the 500 bucks a month for my student loans.
You should always read all parts of a contract before you sign it.Yes I agree that I should have read the entire contract.
Don't blame this on the lender. You had all the information you needed to make an informed choice.I think this falls under the heading of predatory lending...
You could have walked away at any point up to signing the contract...... I will make it known that this type of an "agreement" is a sham and it hurts the consumer way more than it hurts the dealer.
Used cars are sold "as is". What did your mechanic say when you had him/her look at the car before you bought it?Oh and by the way, they sold me a vehicle that broke down on me two weeks after I bought it, blown engine. Not to mention they sold it to me with out a working odometer that they had full knowledge of and did not disclose it to me when I purchased it. So tell me who is the dishonest one here?
Actually that is what I purchased, "basic transportation" I certainly don't consider an 01 Ranger with well over 200,000 miles to be anything other than that. I had no visions of grandeur when I purchased it.A lot of people are in your position.
You didn't need a new vehicle - you needed basic transportation.
While paying your bills on time is commendable, it is an obligation of your loan agreements.
You should always read all parts of a contract before you sign it.
Don't blame this on the lender. You had all the information you needed to make an informed choice.
You could have walked away at any point up to signing the contract.
I was never informed of that stipulation during the signing of the agreement, my fault for not reading it myself.
Used cars are sold "as is". What did your mechanic say when you had him/her look at the car before you bought it?
Thanks. I do not want sound like I am "splitting hairs" here, but my credit is not the issue per say, the fact of the matter is that I didn't have enough credit to purchase a new vehicle. My credit rating is pretty good by most standards (520), but I have over extended my dept to income ratio and that is why I do not qualify for a auto loan. Student loans are my biggest dept and I do pay them every month unlike allot of dead beat post grads that expect the government to eat the loans thus causing issues for those of us who really intend on paying ours back.I do not disagree with you that this is a bad business practice from a consumer point of view. Desperate people with bad credit are pretty much thrown to the wolves.
I'm assuming you've already determined there is no "parent" company to whom you can appeal.
Good luck.
LOL....SOD off you grouchy ol' jerk. If you we not such a rude person I may have taken your advice for face value, but you insist on acting like you were my daddy instead of someone that should have been giving me good advice. I did not seek out your sarcastic attitude here. You are the one that decided to post a response. If you have nothing helpful to contribute then keep your bloody sarcasm to yourself.No, you're childish that way.
Yep and I have already have done that. It will go into effect soon. I consolidated all of my loans, both subsidized and unsubsidized. Even with that the payments and interest are out of site, but I did get a quality education, so no complaints there.Based on your replies you have a lot of debt, which means you have a lot of creditors, where it could follow you have lots of room for negotiations with other lenders. Maybe car dealer won't negotiate, but there is more than one way to approach any problem.
If your student loans are through Uncle Sam, why don't you call him up and ask for a student loan modification with smaller monthly payment and a longer pay off period? You could use the extra money to pay down the lovely set of wheels. Ditto to any other creditors....
You could also ask for a hardship deferral on your student loans to buy you some time to save some money. Not all places given them; but, it doesn't hurt to ask.