Not sure how to proceed with this, and was hoping you guys can chime in... I already have a case open with Toyota N.A., and will be calling the State Attorney's office and BBB on monday.
So when we bought the truck, the F&I guy offered to lower the interest rate by 1% if we purchased the Perma Plate plan for $900 (which I later found out is illegal). He showed us that it would be a wash and basically would cost us nothing in the short or long run but would offer him a higher commission. My father helped with getting the loan and agreed to the Perma Plate.
After looking up what PermaPlate actually was, I called PermaPlate to cancel, and they told me that it is cancelable but through the dealership. I then called Toyota of Melbourne and spoke to Josh Fields in F&I and he told me that it's not cancelable. Not taking his word for the gospel, I called around to various dealerships that also offered the product, and they were helpful enough to tell me that I was being lied to by Toyota of Melbourne, and that what they did was illegal. From what they told me, they're not allowed to trade points for product. After hearing this, I was livid and talked to Toyota N.A. who then opened a case # for me. I called the dealership back, let them know a case is opened, and he changed his tune and told me to have my dad come in to sign the cancelation paperwork. Today, my dad goes in and he tells my dad that they are unable to cancel. At the least, Mr. Fields telling me one story and telling my father a different one is unethical, at the worst, from what I've been told from other dealers, trading interest rate for product is illegal.
I plan on talking to the Attorney General in Florida, the Better Business Bureau, as well as the local news stations about this. What would you guys do if you were in my shoes?
Dealer sold us on PermaPlate in exchange for lowering our rate, after looking up PermaPlate and reading the negative reviews on it, I call to cancel. Dealership says unable to cancel, even though PermaPlate says it is. After talking to Toyota N.A., dealership agrees to cancel if father (name on loan) comes in to sign, father goes in and dealer renegs.