RE: HIDDEN FEES AT CLOSING
GOUGEING AT CLOSING
My wife and I were pre-approved by Toyota Finance Corp for a -0-%, 48 months loan at $44k (credit#8513378). We both have very good credit, and we're willing to put cash down and plus trade in our 2003 Ford F-150 Lariat 4 x 4 for a purchase of 2008 Toyota CrewMax Tundra LTD 4 x 4. I was quoted in writing that the purchase price would be dealer invoice plus DMV fees. Upon signing, I asked to see the detail dealer invoice pricing and questioned 4 additional line items: $730 in admin fees, $500 dealer advertising, $800 in bank flooring interest fees, and $10 for gas. Naturally, I objected and questioned the line items, and was informed that they were mandatory fees. So, your dealer invoice pricing is plus $2000 in fees at -0-% for 48 months. What kind of operation are you running? It is a waste of my time and drive to Salinas, CA. If this is the kind of "shady" treatment that you give to all of your "qualify buyers" at the time of closing; your operation projects the auto retail industry a deserving image: NOT TO BE TRUSTED AT ANY LEVEL!
With the economy slowing and approximately 500 Toyota Tundas sitting on the dealership lots in North Cal, why would your dealership treat its "qualify buyers" this way? Ethics and Greed! The way of doing things at your dealership.
I have been purchasing cars for 35 plus years, and have never run across a dealership like yours! My sister and brother-in-law works for Toyota USA for the past 20 plus years. They both assured me that Toyota Dealerships are good as they come. Obviously, they have not been to yours!
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