We have 3 small children and I was in need of a vehicle that would provide them safe and dependable transportation. When I traded my chevrolet truck in I told the salesperson that the payoff was about 15000. I also stated that I could not make payments much higher than 500 a month becuase we live off of one income. The salesperson comes back from his managers office and says "we got your deal done I think you will be very happy" I get the new car and they are to pay off my truck for the 500 a month that I needed.
I took the car home and about 3 days later they want me to come sign some papers. I agreed to this and went back to the dealership. At this point they say the payoff was underestimated and i owe another 3000 dollars. I asked where my trade-in vehicle was and said that i would just take it back because this is a deal breaker. The finance manager said that they sold my vehicle to a wholeseller and that they got rid of it the day i left with the new one.
I thought that it was illegal to sell a vehicle that has a lein on it? I wasn't sure of my options and was in dire need of a vehicle so after some discussion I signed the new contract. When I get to the financing page I see that my interest rate has gone up almost 3% and my payments have went up almost 50 dollars a month.
I guess when you buy a car that nothing in the first contract is final. I don't know for sure but I think I got ripped off. Any help out there?
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