What is the name of your state (only U.S. law)? North Carolina.
I purchased a car yesterday. The bank that financed my loan had a $620 loan fee. The car dealer said they cover 75% of that fee, but I will need to cover 25%. I agreed, and the paperwork was drawn up so that the vehicle sale price was $250 more than listed to cover my portion of the fee.
The paperwork was all signed, the keys were given to me, along with the congratulatory hand-shake. As I was getting into the vehicle to drive off the lot, the finance manager ran out of the building, waving me down. He said he was going over the numbers with the owner/manager of the dealership and because this car was priced so low to begin with, I should have paid the full $620 loan fee, and I couldn't leave without paying them an additional $370.
I was confused and didn't know what to do, so I wrote them a check. Later last night, I cancelled the check, but I need to discuss this with them today. What is my responsibility here? There was no receipt or new paperwork about this $370. Please help.
I purchased a car yesterday. The bank that financed my loan had a $620 loan fee. The car dealer said they cover 75% of that fee, but I will need to cover 25%. I agreed, and the paperwork was drawn up so that the vehicle sale price was $250 more than listed to cover my portion of the fee.
The paperwork was all signed, the keys were given to me, along with the congratulatory hand-shake. As I was getting into the vehicle to drive off the lot, the finance manager ran out of the building, waving me down. He said he was going over the numbers with the owner/manager of the dealership and because this car was priced so low to begin with, I should have paid the full $620 loan fee, and I couldn't leave without paying them an additional $370.
I was confused and didn't know what to do, so I wrote them a check. Later last night, I cancelled the check, but I need to discuss this with them today. What is my responsibility here? There was no receipt or new paperwork about this $370. Please help.