Last Saturday I traded in my '03 MP5 for a '03.5 MSP. They offered me $13,400 for the '03 MP5 which will pay it off plus give me $200 down on the MSP. I payed $500 cash down payment on the MSP. They sold me the MSP for $21000 plus with sales tax etc it was like $22760 out the door. I also got the $2000 rebate. Well, when I walked in and made the deal they told me they were gonna handle the financing and that they'd get me the loan. Two days ago they call me up and say I could only get approved for $15000 max at 13% interest rate and that I'd need a cosigner to get the full $20800 loan. Now WTF! I wouldn't have bought the car if I knew this BS was gonna happen. What should I do? I don't know anyone that can cosign for me. I know I'm responsible for getting them the money but this is kind of screwing me over because I didn't anticipate them doing this. IMO they should've done the loan processing before they even sold me the car. What can I legally do about this? Can I make them take a digger and pay me more on my MP5 to make it equal out to the MSP so my loan is the same? I'm not in the position to put more money down as I'm moving in to my apartment next weekend and have like almost no money to spend untill next week. :mad: Help!
Mazda Dealership Screwing Me Over
- Thread starter PhatTrax
- Start date
funnylittlman
Member
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- Protege
Dude,
They are selling speeds for 16K. Don't get it from these guys. Keep your P5 and look for a better deal. Don't let them screw you. having a place to live is better than getting a new car.
They are selling speeds for 16K. Don't get it from these guys. Keep your P5 and look for a better deal. Don't let them screw you. having a place to live is better than getting a new car.
This is a typical dealership tactic. Do you have all the papers signed and everything??
If yes, tell them to screw themselfs. There is nothing they can do now legally, just like you can't return the car for the full price.
They are trying to get more money out of you, and you did get screwed on the price BTW.
If yes, tell them to screw themselfs. There is nothing they can do now legally, just like you can't return the car for the full price.
They are trying to get more money out of you, and you did get screwed on the price BTW.
Yes, I have everything signed, I signed away my MP5 too so as far as I'm concerned I no longer own it. And what dealership will get me a MSP for $16k? If anyone has a number of one in cali or somewhere on the west coast i'll call them up and have them send me an invoice.
I'm wondering if I can take any legal action against them if they don't settle with me. I will no longer be dealing with this dealership anymore. One of their finance guys made racial comments towards my brother's family, they're lucky they didn't get sued for a mil.
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- 03.5 MS Protege
I bought my MSP from a dealership 7 hours from me due to they way they do business. A closer dealership would have given it to me for the same price (18k after rebate), but I gave my money to the guys who went out of their way for me and actually cared about service, not just making deals. We also got our RX-8 from them too.
So if anyone is in Oregon or Northern Cali I recomend Bernie Bishop Mazda in Brookings. It's on the south western corner of Oregon. Tell them Ben from Portland sent ya. ;D
Sorry to hear about your trouble man...
So if anyone is in Oregon or Northern Cali I recomend Bernie Bishop Mazda in Brookings. It's on the south western corner of Oregon. Tell them Ben from Portland sent ya. ;D
Sorry to hear about your trouble man...
justagirl said:The dealership I've been dealing with said they'd sell me the msp I want for $19990 plus the $2000 rebate. What do you all think?
Don't mean to thread jack, sorry to hear you're getting ripped like that
Like I posted above, Mazda South in TX will sell you the car, over the internet even, for $15,995. I think that you can buy a 1-way ticket from VA to TX and drive back in 2 days easy.
Or you can use that (check their website) as a haggle tool with your dealer.
The car's MSRP is $20k. The rebate comes from Mazda. They are not giving you any deal whatsoever there, in my opinion.
17.9K isn't too bad. get on autotrader and search for msp's within 300miles of you. i found a lot of orange ones in the b-more area for around 16K. it you're wanting a 2nd or 3rd release MSP, 17.5K would be a nice price for our area. the lower the better though 
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- 03.5 MS Protege
I don't get how they are selling those cars for so cheap. That's less than they pay for them!
I bought my cherokee about two years ago, and the dealer called me back in a few days with a similar situation. I just told them they could come and pick it up and bring my old car back no questions. Cuz they aren't getting anymore money out of me. P.S. Phat Trax,whats really ****** up is we live in cali, where there is no cooling off period, but they could have the nerve to ask for more or threaten to take the vehicle
spacemonkey
Member
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- Mazdaslow
What I did was play the whole discontinued model thing. i was like I dont care what Mazda did to it its still a protege. I mentioned the 3 comming out and most dealers are pretty desperate to get rid of the MSP. i think Texas is selling them for $16,500 I paid around $17,600 and got an extra $500 on my trade in...thats with the "test the Best" rebate and an extra grand off from negotiating. The MSP is a b**** becasue Mazda doesnt have any financing specials so I would just try to get a loan somewhere else. find a really small dealer and they are even more desperate to get rid of the MSP becasue of overhead and lot space. But what I recommend is just talking them down, they are bound to cave in. My friend visited everyday until they just gave up and sold the car to him. My Sales guy was super cool. He actually calld me 
after I waked out on them.
after I waked out on them.it seems to me in california it's a little harder to get a good deal out the door on the new MSP's. now i dont' know if i got the cheapest deal out there, but i don't think i got ripped off.
$17,600 + TTL, $4,000 down, financed through my credit union at 4.5% APR (60 month) with no early payoff penalty. i also have the $500 mazda graduate program rebate coming in a few weeks/months.
i'm 21 and have 1 accident (50/50 fault) from 4 years ago and no tickets on record.
there was a dealership that was "offering" me 17,300 over the phone, but it was like 3 hours away and it just wasn't worth the cost of driving there. those phone quotes are never the price you get, anyway.
$17,600 + TTL, $4,000 down, financed through my credit union at 4.5% APR (60 month) with no early payoff penalty. i also have the $500 mazda graduate program rebate coming in a few weeks/months.
i'm 21 and have 1 accident (50/50 fault) from 4 years ago and no tickets on record.
there was a dealership that was "offering" me 17,300 over the phone, but it was like 3 hours away and it just wasn't worth the cost of driving there. those phone quotes are never the price you get, anyway.