I went to check if I can buy a new car and trade my old one in. I explained everything about my credit, and downpayment situation to the sales person at Beechmont Toyota. I said I will only buy if they offer me an APR less than the 8.5% I am paying on my current car that I had bought from them (again at a huge rip-off for me - should have learned the first time).
They tried to sell me a car at 10.5 %! And $3,800 for my trade in, which had been vandalized and my insurance company was paying $4600 to have it fixed. I owed 12,200 on that car! They really thought that they can basically make my insurance company pay $800 to actually have me sell the car to them!!! I said I am not buying and asked for my old car's keys at which they said they had already reported it as sold to them. I am an international and a woman and I am alone in this country, and I was incredibly stupid and believed them. I reached an agreement to have it fixed at their bodyshop for that sum and trade it in to them for $5000 ($400 when you take the difference with what money they were actually going to make on solely fixing the car). They lowered my APR to 8.9% and I signed. I was going into 25,000 of debt and was ok with it, UNTIL...
My credit was checked on the Sunday I bought the car by them and on the Monday by Toyota Financial. On the following Sunday they called me in and asked me for an additional $1,500 for downpayment explaining that Toyota Financial would not approve the deal otherwise. I told them, I already had a deal worked out, signed and agreed to. And they already knew I had no additional money for this additional downpayment because I had made it CLEAR what my credit condition and downpayment money was. They sell cars every day - how come they did not notice that Toyota Financial would not approve the original deal at the original terms?
I was so frustrated I went back an hour later, left them the new car, the keys, and I told them I want my old car back, I will not be fixing it at their bodyshop and there is no deal. They are now begging me to go back and buy the new car. I am waiting for them to work out a deal, but by now I hate the new car and do not want to have anything to do with Beechmont Toyota for the rest of my life and would tell anyone who wants to buy a car, to NEVER use their services. They are incredibly inethical in their sales and at any point after the sale can come up with a change in the original deal and will try to force you into accepting it.
I am not sure what my rights are in this. I might not be able to walk out of the deal, but I am going to fight it. I do not want a car that has caused me so much trouble any more, new or not. I want my old car back, will pay it off as soon as humanly possible, never again go to Toyota for any kind of purchase and find a better dealership for my business. They have made me give up completely not only on buying from them but on anything that has the slightest association with Toyota in general.
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