OT: Scaredycat scared to buy car

[scaredyclassic]

fun fact; car contracts from dealers generally come witha “seller’s right to cancel” clause which they may exercise within 10 days. if they mistakenly give you an accord when they meant to give youa civic they may fix it by cancelling.

Here, their claim is they mistakenly put in .09% instead of .9%. Since they can’t assign the loan, they want to redo the contract. to increase my payment (a small amount), maybe$400 over the life of the loan.

I asked for some small concessions.

I amm not sure what i want to do. I got woke up by my cat in the middle of the night and now this is on my mind.

i would prefer to have just bought the car and not gotten a chance to back out.

glad this didn’t happen with my home purchase.

[Coronita]

[quote=squat250]fun fact; car contracts from dealers generally come witha “seller’s right to cancel” clause which they may exercise within 10 days. if they mistakenly give you an accord when they meant to give youa civic they may fix it by cancelling.

Here, their claim is they mistakenly put in .09% instead of .9%. Since they can’t assign the loan, they want to redo the contract. to increase my payment (a small amount), maybe$400 over the life of the loan.

I asked for some small concessions.

I amm not sure what i want to do. I got woke up by my cat in the middle of the night and now this is on my mind.[/quote]

Well that’s interesting, because I think that if they do this… If they take the car back, their is no way they’ll be able to sell it as new again, especially if you clock 200-300 miles on the od…So I think stealership is fvcked. If they don’t let the 400 go, they’re going to end up losing a lot more money. So….

1. Tell them you want an additional $400 off, not to mention you have to go back to the dealer…

2. Ask for a free scheduled maintanance for 4 years.. (if they are close to where you live)

3. Meanwhile drive the car as much as you can…Too damn bad….BTW post you should totally trash the dealer on autoblog, and then forward the link to dealership customer/PR dept…They will let it go….Similar to what happened here over ebay…

http://www.autoblog.com/2011/08/09/another-dealership-refusing-to-honor-ebay-motors-sale/

[scaredyclassic]

evidnetly this clause is used ina scammy bait and switch way by low end car dealers.

You come in to buy a 2001 bmw. I say, hey, I’m going to get you into this car, low payment, no worries, 5.9 percent interest. You give me your trade in, 3,000 down, you drive away. two days later i call you i say, i am so sorry my friend, your credit app was seen as worse than i thought by the bank. They want to charge you 12.9 percent interest. but the good news it only raises your payment by X. the car’s great, right? so you come in and we’ll redo the contract.

the dealers sell the cars knowing they can’t get financing as promised, just to move the deal closer to closing. it’s a used car anyway so they don’t care if the person drives it a few days.

yeesh.

[scaredyclassic]

i spent a little whiel trying to research the isue of whether or not this would be a “new” car if the dealer took it back. The common wisdom is that a car becomes used the moment it is driven off the lot. I’m not sure that’s true. The amount of mileage isn’t detemrinative either, i don’t think. I think the title never was transferred from the dealer to the bank, so I think if I give it back they will bbe able to sell it as new and won’t incur as much damage as they would if it were a used car.

but not sure.

in any case that seems like a harsh way to deal with the dealership.

ethically, Im not sure that’s the right thing to do.

[Coronita]

[quote=squat250]evidnetly this clause is used ina scammy bait and switch way by low end car dealers.

You come in to buy a 2001 bmw. I say, hey, I’m going to get you into this car, low payment, no worries, 5.9 percent interest. You give me your trade in, 3,000 down, you drive away. two days later i call you i say, i am so sorry my friend, your credit app was seen as worse than i thought by the bank. They want to charge you 12.9 percent interest. but the good news it only raises your payment by X. the car’s great, right? so you come in and we’ll redo the contract.

the dealers sell the cars knowing they can’t get financing as promised, just to move the deal closer to closing. it’s a used car anyway so they don’t care if the person drives it a few days.

yeesh.[/quote]

Wow…Pretty shitty..Is it just for financed cars, or for all cash purchases too. And what exactly is that honda dealer doing right now for you?

[Coronita]

[quote=squat250]i spent a little whiel trying to research the isue of whether or not this would be a “new” car if the dealer took it back. The common wisdom is that a car becomes used the moment it is driven off the lot. I’m not sure that’s true. The amount of mileage isn’t detemrinative either, i don’t think. I think the title never was transferred from the dealer to the bank, so I think if I give it back they will bbe able to sell it as new and won’t incur as much damage as they would if it were a used car.

but not sure.

in any case that seems like a harsh way to deal with the dealership.

ethically, Im not sure that’s the right thing to do.[/quote]

Well. the way I look at this. If you already sold your civic/etc and had no other transportation, it’s not fair on your part that you should have to find alternative transportation at your cost. They should be comping you for the rental until you find the alternative transportating. If you were a traveling salesman, you would screwed right now.

Dealer fvcked up.It’s not your fault. And IF I was a reputable dealer, they wouldn’t be fighting over $400-500, knowing that they’ll easily make that up in customer service..That is, unless they never intended to sell you the car as you say at 0.09% financing. They know you’re an attorney, yes?
In any case, it would make an interesting autoblog article. Pretty shitty.

[scaredyclassic]

Their view is the .09% was a mistake.

The difference between .9 and .09 is .81, which is not a very large number, as numbers go.

[Coronita]

[quote=squat250]Their view is the .09% was a mistake.

The difference between .9 and .09 is .81, which is not a very large number, as numbers go.[/quote]

That could be very much their tactic.

[Coronita]

[quote=squat250]Their view is the .09% was a mistake.

The difference between .9 and .09 is .81, which is not a very large number, as numbers go.[/quote]

Scardey… You might not be alone about Spreen Honda….Unfortunately…

Spreen Honda Complaints.

http://www.8thcivic.com/forums/dealership-experience/159643-beware-spreen-honda.html

http://www.8thcivic.com/forums/dealership-experience/161432-avoid-spreen-honda.html

http://www.yelp.com/biz/spreen-honda-loma-linda

[Coronita]

[quote=flu][quote=squat250]Their view is the .09% was a mistake.

The difference between .9 and .09 is .81, which is not a very large number, as numbers go.[/quote]

That could be very much their tactic.[/quote]

Looks like the civic guy got screwed over by Spreen by $2300…Posted on the forums where I guess Spreen monitors a lot, and ended up Spreen coffed up the difference after 19 pages of reputation bashing.

Again, that $400 shouldn’t cost Spreen shit, unless again this was intentional…

Scardey, if you have time, check out vtec.net too to see if anyone else had something similar happen at spreen. I have a feeling you won’t be alone…

http://www.vtec.net/forums/forum?forum_id=559905

[scaredyclassic]

well…

all auto dealers have probably engaged in shifty tactics at some point.

on the economic decision to buy this car however…

I’m thinking this car is going to cost me the exact same as keeping my 1989 honda civic.

On average, i spend about $100 a month on maintenance for the 89.

that’s $6,000 over 5 years.

This new car will cost me $20,000 over 5 years. that’s $14,000 more.

However in 5 years the new car will be worth about 14,000. the old car will be worth about zero. So I’m even, except for higher registration and insurance (althought he insurance is only $350 a year more for full coverage cause I’m old, safe and scared).

The only reason to keep the old car is if i happen to get lucky for a stretch and have no maintenance.

But i know the car needs struts, an oil pan, and a new tire. that’s $1,000 plus right there. and a radio. say 1200.

and those struts that hold up the hatchback. been dead for years. the hatch comes down like a guillotine. but i kinda like that…

[Coronita]

[quote=squat250]well…

all auto dealers have probably engaged in shifty tactics at some point.

on the economic decision to buy this car however…

I’m thinking this car is going to cost me the exact same as keeping my 1989 honda civic.

On average, i spend about $100 a month on maintenance for the 89.

that’s $6,000 over 5 years.

This new car will cost me $20,000 over 5 years. that’s $14,000 more.

However in 5 years the new car will be worth about 14,000. the old car will be worth about zero. So I’m even, except for higher registration and insurance (althought he insurance is only $350 a year more for full coverage cause I’m old, safe and scared).

The only reason to keep the old car is if i happen to get lucky for a stretch and have no maintenance.

But i know the car needs struts, an oil pan, and a new tire. that’s $1,000 plus right there. and a radio. say 1200.

and those struts that hold up the hatchback. been dead for years. the hatch comes down like a guillotine. but i kinda like that…[/quote]

I don’t doubt that. But I’m just saying, i guess depending on how badly the $500 means to you (even if it is in principle), maybe sharing this “experience” on vtech.net or the likes, would nudge Spreen to think twice about making you coff up the difference. I understand $500 might not seem a lot in the overall price of the cost, especially spread out over xxx years. But still, it’s your money, and a deal is a deal. That $500 would get you about 2-3 years of maintanance you don’t need to pay on your new car. Plus they’re making you go back to the stealership, spending your time (which is expensive for you) to resign a contract because they screwed up. I had an issue in which an L.A. acura dealership screwed up my registration, and they sent a courier all the way to san diego to get my signature and fix it, for example.

I have a feeling if push comes to shove, Spreen will just do it…But they’re trying to figure out who much you’re willing to budge. And reality is if it doesn’t work out, and you return the car, there are plenty more dealers for you to get a deal too, especially now that as of today the 2013 accord sedan image is released. (Not much change frankly)…In the worst case, you had a nice rental for a few days 🙂

[spdrun]

Oddly, I think that this is likely a mistake on the dealer’s part. Not worth risking reputation over an interest rate difference of less than one % point.

And a lot of sales people are complete analphabets when it comes to simple math. Sadly.

I’ve spoken to a MORTGAGE BROKER who thought .20% and 20% were the same thing. He meant 20%, but he was saying “point twenty percent” which confused the hell out of me till I got what he was saying.

[scaredyclassic]

It’s actually all kind of hilarious in a way.

I miss my old car.

I felt more like I was telling the system to go screw itself.

But man it smells bad.

[briansd1]

[quote=spdrun]
And a lot of sales people are complete analphabets when it comes to simple math. Sadly.

I’ve spoken to a MORTGAGE BROKER who thought .20% and 20% were the same thing. He meant 20%, but he was saying “point twenty percent” which confused the hell out of me till I got what he was saying.[/quote]

I find that Americans generally don’t understand where to place the decimal point. I think it stems from the failure to implement the metric system like the rest of the world.

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