Just looking for people's opinions or professional input.
last Friday, went to dealer to buy a car. They wrote it up, I did a trade in that was upside down. Payment was good, I signed the papers, and I get a call today and they say financing didn't go through. Said my payment will increase 100 per month and now they need $1500 down.
main reason I went this route was the payment was a hefty reduction and zero down. I wouldn't have taken the deal initially if it went this way.
now tomorrow when I go in, am I obligated to take this deal? Or can I just get my trade in back and give them their car back and call it a day? I mean with the increased payment plus down payment, I am back where I was with my old car. At least with the old car I only had 16 payments left versus 72.
your thoughts on the info above? Am I obligated for anything?
as a side question. I can get my trade in back right? If they already sold it, how does that work with it being upside down? Are they on the hook for that? I am pretty sure they haven't sold it though. Just want to cover my bases.
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