TiGrayMsp716
Member
- :
- 03.5 Titanium MSP
Classic doesn't have any left my sister bought the last one from Levert....
May lose my MSP, Im PISSED!
- Thread starter Pure Insanity
- Start date
Pure Insanity
Member
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- 03.5 Speed
Ive read on here that Fairbanks isnt the best place to go. Cant trust them. But then again, I have found some negatives about the place I went to since this all started.
rocketspeed
Member
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- 03.5 Mazdaspeed Protege, Titanium Gray
You've admitted to bad credit, though, so don't do anything until you've obtained financing outside of the dealership. Surf lendingtree or wherever else to find it. Once you've secured that, you're good to go.
Pure Insanity
Member
- :
- 03.5 Speed
I have pre approval already thru my bank. I had it when I bought the car. I had P/A a week or so before buying., so I know it was in the system. I told them I had a P/A for 20K and they would look into it for above that.
The way the Sales Mgr and F&I lady made it seem was they were able to know THEN that I was approved. Little did I know they couldnt which is why I am in this position.
I offered on numerous occasions to leave the car till my approval was final on the additional amout above 20K. They assured me it was done and the car was mine. THAT is what Im pissed about. I could have had all this resolved BEFORE I took delivery of the car if they hadnt told me it was OK and that I was a done deal.
The problem is now the bank will not go any higher than 20 on the car for some reason when I was told 2 days before buying the MSP they would consider it depending on what car I bought up to 24K.
As far as the bank is concerned, the car is already a yr old and considered to them to be a new used car since the 04s are out. They dont care about the 03.5, or that its limited production, they were just released in the last few months, yadda yadda...all they see is an 03 car that was built in 02. I dont get it.
I have since gone into my emergency funds and DONT want to part w/ much of it. They just shouldnt have promised me it was not a problem.
The way the Sales Mgr and F&I lady made it seem was they were able to know THEN that I was approved. Little did I know they couldnt which is why I am in this position.
I offered on numerous occasions to leave the car till my approval was final on the additional amout above 20K. They assured me it was done and the car was mine. THAT is what Im pissed about. I could have had all this resolved BEFORE I took delivery of the car if they hadnt told me it was OK and that I was a done deal.
The problem is now the bank will not go any higher than 20 on the car for some reason when I was told 2 days before buying the MSP they would consider it depending on what car I bought up to 24K.
As far as the bank is concerned, the car is already a yr old and considered to them to be a new used car since the 04s are out. They dont care about the 03.5, or that its limited production, they were just released in the last few months, yadda yadda...all they see is an 03 car that was built in 02. I dont get it.
I have since gone into my emergency funds and DONT want to part w/ much of it. They just shouldnt have promised me it was not a problem.
rocketspeed
Member
- :
- 03.5 Mazdaspeed Protege, Titanium Gray
I'd say your best bet is giving it back, then.
You can get a new MSP for way less than $20k, so find one at another dealership and you're good to go.
You can get a new MSP for way less than $20k, so find one at another dealership and you're good to go.
Pure Insanity
Member
- :
- 03.5 Speed
I got this one for 19K, its my trade that has me all screwed up. After the neg equity in my trade, extended warr., taxes and crap I was at 24K and change. Drop the almost 1500 for the warr. and Im in the 23 range.
Too bad the MSP isnt a GM prod. theres a GM dealer fairly close by thats doing trade in pay off up to 8K. LOL!
Too bad the MSP isnt a GM prod. theres a GM dealer fairly close by thats doing trade in pay off up to 8K. LOL!
TurboBunny
Member
Pure Insanity,
Do you know if they have already sold your Trade-In?
If so, then you might be able to stick it to them where it hurts.
Under the law, if the contract is broken by the dealer, they have to make you "whole" again...ie. to your original condition before the sale actually went down.
This means that you can just hand the keys back to them and get the MARKET VALUE of your trade in back if they have already gotten rid of your old car.... not the trade-in value I'm sure they screwed you over for.
If you do have a little negative equity even at the market price, you would need to pay the difference, but hey just think that you are giving them back a USED car and that you are getting back more for your car than you had originally agreed...
I don't think they'll like that
Good luck!
J.J.
Do you know if they have already sold your Trade-In?
If so, then you might be able to stick it to them where it hurts.
Under the law, if the contract is broken by the dealer, they have to make you "whole" again...ie. to your original condition before the sale actually went down.
This means that you can just hand the keys back to them and get the MARKET VALUE of your trade in back if they have already gotten rid of your old car.... not the trade-in value I'm sure they screwed you over for.
If you do have a little negative equity even at the market price, you would need to pay the difference, but hey just think that you are giving them back a USED car and that you are getting back more for your car than you had originally agreed...
I don't think they'll like that
Good luck!
J.J.
Pure Insanity
Member
- :
- 03.5 Speed
Nah, they still have my trade. That was the first thing I asked when they first called me since they claimed it was going on the truck that nite when I dropped it off. 
Wish it was gone, that woulda hurt.
Wish it was gone, that woulda hurt.
rocketspeed
Member
- :
- 03.5 Mazdaspeed Protege, Titanium Gray
$19k is too much. I got mine last week for $17.7k and other folks have done even better.
Stick the dealer with the car and get a better deal.
Stick the dealer with the car and get a better deal.
Pure Insanity
Member
- :
- 03.5 Speed
Just got a call from them. Looks like they made it work.
Even if I did pay too much I am still a happy camper. Now to actually go down there and see what #s they have. They should have enough brains to not be coming to me w/ an outrageous intrest rate.
I finally called and got my prod #...our car is 389.
Even if I did pay too much I am still a happy camper. Now to actually go down there and see what #s they have. They should have enough brains to not be coming to me w/ an outrageous intrest rate.
I finally called and got my prod #...our car is 389.
7
70
Pure Insanity said:
It is BS...
Dealers do this all the time. Do you have the financing paperwork? If so, is the dealerships name in the "financier" space. If so tell them you the deal was agreed on, and you will make your apyments to the dealer.
They want more money, simple fact. Tell them either they accept the deal they signed or you want your car back and no more money exchanges hands.
When I got mine I did my own financing through a credit union. To give the dealer security when I picked up the car I wrote them a personal check for $20k with the understanding they wouldn't cash it as the credit union would wire them the funds the next morning.
Well guess what they did? they cashed the check and accepted the wire from the credit union. (and no we didn't have $20k in the checking account, the bank drew down our savings and line of credit to cover it.)
But Wait There's More! Then they kept the extra $20k!
It took 45 days to get the money back, mortgage check bounced, couldn't pay for daycare the works. I had to get an advance from my boss to buy food.
They aren't a MazdaSpeed dealer anymore.
Well guess what they did? they cashed the check and accepted the wire from the credit union. (and no we didn't have $20k in the checking account, the bank drew down our savings and line of credit to cover it.)
But Wait There's More! Then they kept the extra $20k!
It took 45 days to get the money back, mortgage check bounced, couldn't pay for daycare the works. I had to get an advance from my boss to buy food.
They aren't a MazdaSpeed dealer anymore.
AutoBox said:
That's what frosted me, we've bought 6 new cars like that and this is the first dealer that screwed it up. I did notice the finance guy's office was empty when I went to get my money back. Never held $20k in cash before....
But thanks, everything is long since worked out.
rocketspeed
Member
- :
- 03.5 Mazdaspeed Protege, Titanium Gray
One thing I will add- if you're upside down on this car then do yourself a HUGE favor and get some kind of gap insurance. God forbid that your car is stolen or totaled, but if it is, you'll only get paid out by your insurance company for the book value of your used MSP. They don't care what size your loan is. So you might owe $24k, but if that thing is totaled tomorrow, your insurance will only pay out about what that used car would fetch in a private sale- maybe $15-16k at best.
The other $8-9k or whatever it turned out to be would have to come out of your pocket. From the sounds of it, that's a chance you can't afford to take financially.
The other $8-9k or whatever it turned out to be would have to come out of your pocket. From the sounds of it, that's a chance you can't afford to take financially.
Pure Insanity
Member
- :
- 03.5 Speed
Deal is DONE. I have my MSP, my trade is paid off AND they knocked a few grand off.
I am a happy camper at the moment.
On the flip side I had the sub changed out while was doing the paper work and its rattling like hell. I opened the trunk and my brother found a bolt and 2 washers. :mad: So I look around and find that obviously 1 bolt had fallen out and the other remaining bolt was barely in. :wtf: Ill call them in the AM since I dont wat to deal w/ it right now but Ill just put the bolt back in and double check everything myself. Im not about to drive 50-60 miles just to have 2 bolts tightened unless I get to ram them down the techs throat for doing a half ass job.
I mean c'mon, its 4 damn bolts man and ya leave 2 barely started! :wtf: And THAT folks is why I dont let anyone work on my cars.
I am a happy camper at the moment.
On the flip side I had the sub changed out while was doing the paper work and its rattling like hell. I opened the trunk and my brother found a bolt and 2 washers. :mad: So I look around and find that obviously 1 bolt had fallen out and the other remaining bolt was barely in. :wtf: Ill call them in the AM since I dont wat to deal w/ it right now but Ill just put the bolt back in and double check everything myself. Im not about to drive 50-60 miles just to have 2 bolts tightened unless I get to ram them down the techs throat for doing a half ass job.
I mean c'mon, its 4 damn bolts man and ya leave 2 barely started! :wtf: And THAT folks is why I dont let anyone work on my cars.
Pure Insanity
Member
- :
- 03.5 Speed
Oh yeah, and Gap ins. Im getting it on Monday.
HOwde!
Hi insanity.
too bad i didnt see your thread before you alredy closed the deal with whatever place sold you the MSP.
First off let me say that i worked for CapitolOne Auto Finance a few years back, and worked for BillHeard Chevy in plant City, the one offering the 8k "payoff reduction" ( BTW that is total bs)
here is how the finacing a buying a car works.
You go and agree on a price.
You sign a contract.
you take the car.
the contract is "funded" ( the dealer cahsed the check from the bank)
now. the signature on the contract is the BINDING part of that process. once you sign that piece of paper, both you and the dealership are legally obligated to fufill the terms of the contract.
lots of times, after you sign a contract, the bank refuses to finance you on the terms that that dealer filled in to the contract you sign. thats when they call you back in to either give the car back or sighn another contract.
Little does the average person know, but once you sign the contract. you own the car, the dealer CAN NOT LEGALLY take the car back from you. If the bank refuses to finace you on the terms of the contract you signed, it is the responsibility of the dealer to allow you to make paymets to the dealership, per the terms of the contract you agreed to. LEGALY THIS IS THE TRUTH.
In FL there is No cooling off period, Once you sign that contract. you are bound to the terms of the laon RIGHT AWAY, NO TURNING BACK. they do this so people cant back out of loans after they sign them because of second thought.
but it works the other way as well.
once you sighn that contract, ITS DONE.
the DEALER CAN NOT CHANGE THE TERMS OF THE DEAL.
they agreed to sell you car with vinXXXXXXXXXXX, for xx,xxx, payabable over xx months, at xx APR, AND THAT IS BINDING
Problem is thou, it would almost cost you the price of teh car in legal fees to acctualy hold the dealer to that. because they would suerly repo the car, then try to give you your trade back. they would lie to you and tell you taht they do have the legal ground for taking the car, and that the orginal contract was not binding for whatever reason bla bal bal. you would have to take them to court to get it all fixed. but you would win.
belive me. When i worked for capitol one. saw several loans where the delear called the customer back to sighn another contract for a different payment amount. when the customer got confused/pissed because the payment was going up they called us, I talked to atleast 3 who got attorneys, sued the dealer and forced the dealer to abide by the terms of the orginal contract.
Hi insanity.
too bad i didnt see your thread before you alredy closed the deal with whatever place sold you the MSP.
First off let me say that i worked for CapitolOne Auto Finance a few years back, and worked for BillHeard Chevy in plant City, the one offering the 8k "payoff reduction" ( BTW that is total bs)
here is how the finacing a buying a car works.
You go and agree on a price.
You sign a contract.
you take the car.
the contract is "funded" ( the dealer cahsed the check from the bank)
now. the signature on the contract is the BINDING part of that process. once you sign that piece of paper, both you and the dealership are legally obligated to fufill the terms of the contract.
lots of times, after you sign a contract, the bank refuses to finance you on the terms that that dealer filled in to the contract you sign. thats when they call you back in to either give the car back or sighn another contract.
Little does the average person know, but once you sign the contract. you own the car, the dealer CAN NOT LEGALLY take the car back from you. If the bank refuses to finace you on the terms of the contract you signed, it is the responsibility of the dealer to allow you to make paymets to the dealership, per the terms of the contract you agreed to. LEGALY THIS IS THE TRUTH.
In FL there is No cooling off period, Once you sign that contract. you are bound to the terms of the laon RIGHT AWAY, NO TURNING BACK. they do this so people cant back out of loans after they sign them because of second thought.
but it works the other way as well.
once you sighn that contract, ITS DONE.
the DEALER CAN NOT CHANGE THE TERMS OF THE DEAL.
they agreed to sell you car with vinXXXXXXXXXXX, for xx,xxx, payabable over xx months, at xx APR, AND THAT IS BINDING
Problem is thou, it would almost cost you the price of teh car in legal fees to acctualy hold the dealer to that. because they would suerly repo the car, then try to give you your trade back. they would lie to you and tell you taht they do have the legal ground for taking the car, and that the orginal contract was not binding for whatever reason bla bal bal. you would have to take them to court to get it all fixed. but you would win.
belive me. When i worked for capitol one. saw several loans where the delear called the customer back to sighn another contract for a different payment amount. when the customer got confused/pissed because the payment was going up they called us, I talked to atleast 3 who got attorneys, sued the dealer and forced the dealer to abide by the terms of the orginal contract.
Cory Fairbanks tried to screw me like that too. I had to go back and re-sign my contract and they ended up pulling my credit like 5 times to get me the rate they promised. They still had that Black Mica with tinted windows there too when I bought mine about 3 months ago...
