A Fast talking sales person sold me a 2007 Toyota Yaris for above the list price of $17290.00 for $20,877.44. He saw I was young and obviously impressionable and now in Hines-sight, really stupid. He sold me every package known to mankind, I didn't even realize what I bought.in the process he also slipped into the pile of papers, they had me sign, a waiver for Gap insurance, never even talking to me about what gap insurance is and what it's for. It's (the one thing I should have purchased, but probably couldn't afford after he got through with me).
He boosted about how he could get me in a new car by the next day. Loan "No Problem", somehow he didn't mention the 19.8% interest rate, since I barely have a credit history. But stupid me was so excited and befriended by this forked tongue snake oil salesman, I didn't even ask. He got me to cancel my car insurance and go with his guy, "who would give me a better deal". He ripped me off as well, and I already filed a complaint against them before this. Their name is Lang Enterprises Ltd. When I realized what I did, (and that wasn't until my parents saw the paperwork after the fact, when they were surprised I could afford such a new car, as I did this without their knowledge), You can imagine I was a little upset to say the least. I'm doing this so that for the very least another young person shouldn't get in such a mess as I did. They also told me They gave me good money for my 1995 jeep on trade in, they only gave me $1000.00 and on top of that took another $1500.00 for the price of this car as well.
I called Toyota incorp. To file a complaint against the dealership and see If I have any recourse. I was told Toyota doesn't get involved with sale issues from independent dealerships. I was told I now can no longer purchase the gap insurance through them and haven't been able to find any other insurance company who will sell me gap insurance. This means if my car gets stolen or totaled, the insurance company will pay book valve for the car and I will be left with the remaining loan costs. I was also told it would not be wise to try to refinance the loan until at least 6mths. Because it will damage the little good credit standing I have already established.
Anyway lets be real, this guy obviously has an in at the bank. The only credit I was able to get before I met him was a credit card with a $300.00 dollar limit. The only positive recourse I have is to remove the $1400.00 car care package he sold me, which is basically for oil changes. Along with the extended warrantee which will cost me a phenomenal amount at the 19.8% interest he financed it for. I've been so busy trying to get extra work to pay the first payment which is just about due, I haven't even had time to do that. There should be laws prohibiting these guys from being able to do that to anyone, especially a very young or old person who is more venerable.
Again I will say I hope if nothing else comes of this that it might help someone else from being taken advantage of. I'm nineteen and thought I was so smart and grownup, I started working at a young age. Now I may lose the little I have. I am in debt for $34,040.32 for a 17,000 dollar car if I pay the loan as is and am unable to refinance it. That's a crime.
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