Join Date: Dec 2010
Location: Metro-Detroit, MI
I'm Stuck Between a Rock and a Hard Place (long post sorry) Need Opinions
Maybe a dealer or 2 can chime in as well as everyone else's opinion.
I really don't know what to do right now. My dealer Lied to me about 2 VERY important things related to the financing of the vehicle i just bought. Here's the situation. My credit is not quite what it should be but i make enough by far to pay the payments on the car. so i had a family member "co-sign" for me. Well i get told over the phone (mind you this is certified used not new) my interest rate will be 5.9% i said, ok cool.... we get to the dealership and i asked again. yup. 5.9% we get over to the finance employee's desk, and suddenly she says "ok which of you is _____ Insert Family member's name here" alright we have all the paperwork all set, i'll just need a few signatures from you. i said well i'm the co-buyer.... she goes "no your not. this is based solely on HIS credit, not yours, so your name can not be on any of the documentation or title" i said "what about the place on the bottom of the GMAC sales contract that has places for buyer, co-buyer, and other owner which i know is a non financially responsible party" she goes "oh, well we don't use that line, anyone on the title has to be based on credit." i got angry knowing I was in the right and walked away for 5 minutes to calm down..... whatever i still get my camaro, right? well i didnt see him sign the GMAC contract....he signed it at 6.49% not the 5.9 i was promised. oh. AND THEN. i couldnt transfer my plate, cuz it wasnt being titled in my name at all, and im losing discounts for multi-car on my insurance cuz its not in my name. the list goes on.
Heres my situation. im well past the 3 day return u get with certified used vehicles, if i could i probably would just throw the keys at someone's head there. A dealership 5 miles from my house just got a IOM 2LT/RS configured just how i wanted one.... of course its 5k more even at preferred pricing than i got my certified used Rally Yellow 2LT non RS for. I couldnt find one within 300 miles of me and suddenly AFTER i buy one this pops up. im SOOOOO angry...
Advice? Legal Recourse on the dealership? anything????
Car Came home 12/9/2010
2010 2LT M6 Rally Yellow A9100165
Planned Upgrades: RS Style Spoiler✓, Halos/HID's, Body Color XM Antenna. Yellow Accent Panels Upgrades Later: Cat-Back Exhaust, Ground FX, 21" Wheels, Yellow Stitching, SS Bumper
Last edited by meb885; 12-18-2010 at 09:47 PM.