Financing problem

I was wondering if anyone might have some insight to my situation. I bought my truck about a month ago, and recieved the $1000 college grad incentive. The finance manager approved it on the condition that I foward them a letter verifying I'll graduate within the next six months, and I did. Yesterday, I recieved a call from the finance guy saying that toyota finacial office would not give me the rebate because my degree will be an associates and not a bachelors. During the purchase, I specifically told the finance manager that my degree would be an associates and yet he approved it. Anyway, he says he needs me to come down to the office to sign some paperwork to re-organize the loan agreement and ensured me that I'll still be paying the same amount total. He said that he just needs to take the money out from somewhere else. I'm having a hard believing any of this and was wondering what to expect when I drive down there tomorrow. Anything to watch out for?

Sorry if this is in the wrong thread and for the block of text.

 

Just pay attention to the APR and the payments...

 

Oh he'll rearrange and keep the payments the same, all right. You'll just be paying 3 months or so longer.

But yeah, make sure that APR stays the same, no question.

FWIW, next time, use a credit union.

 

if you've already signed everything tell them to fuck off.

 

Also pay attention to the term of the loan...I wouldn't sign anything until everything matches your original contract. I would say the dealership needs to lower their price $1k for their F-up.

 

^^^ what he said. Good luck man.

 

^^^^ x3 good luck!

 

Thats exactly what I'm going to do. In fact, I'm going to ask him what the terms are before I even drive down there, then when I show up I'm gonna bust out my TI-83.

I was gonna do that originally, but the to get the rebate, which I'm apparently no longer gonna get, I had to use their financing.

If they try to pull a quick on me, this what I'll tell them. But, legally, do the have any leverage on me?

This was only place I could think of where that they could take the money out of, but do they really need me sign more paperwork for that?

 

Worse they can do is take you truck back...but they won't over a 1000, it'll cost them more for the turn over.

1. Make sure your LOAN AMOUNT, LOAN TERM, APR are the same

2. Bring the old contract and have them indentify where the change is so you know.

3. If they charge you more in either a longer term, apr, or loan amount then tell them NO they can have the truck back...trust me even if they start, they won't actually take it back.

or,

you can talk to a lawyer but I don't think there is a need.

 

This is what i say to. You have a contract if you do not go and resign they will have to eat the 1000.00. You could also tell them to lower the apr to make up for the 1000.00. Or say i will just bring your truck back i am sure that will change there mind.

 

tell em to fuck off.

 

Tell us how it goes.

 

Yeah- Because this is the way that grown ups work things out. You guys are MORONS.

Talking about the guys credit/money- and your answer is profanity and acting like a little prick kid.

 

the dealership and buyer both agreed to a deal and both signed off on that deal. i wouldn't give them a dime more..

so if you don't like fuck off

how about telling them to go pound sand

 

Telling them anything to that effect is probably a bad idea- That ends up with trucks getting repo'd and courts being inovlved- which doesn't really do ANYONE any favors.

It doesn't sound like they are looking for a dime more- Sounds like they are going to adjust the deal to make the 1000 dollars come outta somewhere else.
By watching the APR and the monthly payments/term- He might make out better. Plus he also has the option to go shop other leaders.

 

http://www.toyotafinancial.com/consumer/tfs.portal?_nfpb=true&_pageLabel=pg_CollGradFinProg

toyota's financing site reads a 2 yr associate's qualifies. Something doesn't add up here.

 

How do you qualify for the college grad incentive? I graduated in May of 09, am i too late?

 

http://www.toyotafinancial.com/static/CollegeGradLanding.html

 

I bet if you tell them you will find other financing they will work with you, its their mistake but talk to them like you would want to be talked to, it only makes sense. I will bend over backwords for someone who shows me a little kindness and respect. I will be first one to tell someone to fuck off if they are rude or disrespectful to me w/o cause.