2013 Purchased last week...Dealership calls me today and says...

X2 actually i saw tiger but he was busy selling a hat

 

better than when he used to crap in them

*old joke*

 

Well shoot, I guess if FIVE professional organizations with 32 people confirmed that 27% of the cases those 32 people saw had a "yo-yo" scam, then every dang dealership in the entire US, and world-wide are just putting the screws to people!

I must recant every statement I have ever said defending any dealership! I fall on the mercy of the court.

Oh, by the way....Since the internet doesn't always show things in their true light....that was sarcasm there.

I still am confused here. A question posed quite a while back is still not being responded to. Also, I never said that there was never problems with the system. I agree there is. But without proof, I try to give people the benefit of the doubt. I have been there, as well as my wife, and we have seen how it works. Even had it happen to us when we bought the aforementioned van at the same dealership we worked at. The OP could have at any point also backed out. It is obvious we both sit on different sides of the fence. Perhaps it is best that we both hop off the fencepost and walk our separate ways.

 

do tell

 

More:

http://www.lemonlaw.com/spotdelivery.html
What is happening here? It's a Scam. Dealer Fraud. Unlawful. Illegal. Call it what you will. The industry has given it a name: Spot Delivery, a description which refers to the dealer placing a consumer in a car "on the spot", to get the sale, only to "yo-yo" them back at a later date for additional funds. Played to perfection, a dealer can reap thousands of dollars in unearned fraudulent gain.

What to know about Spot Delivery: If you signed purchase documents and registration applications and if you obtained insurance for the vehicle, had a new license plate put on the car and/or had your old plate transferred, the car belongs to you.


This is very odd - this is the sort of information that I would have thought an insider from a dealership would have shared on this board, rather than insist that this type of transaction was perfectly normal and legal.

David

 

Back int he day the saying was "go shit in your hat"

and it was said by many but especially the guy who's got this bad boy named after him (brianr)

 

XXXXX2

Walk and buy something you can get financed for. I sold cars! But not for very long and ill tell ya one thing if they call you back on a resign. Its to make you fall in love of the truck to pay them the more money they gonna squesse out your ass. they only do it the people with weak credit score. Dont put no money down like that unless you cant live without the truck haha

 

you do sign a form saying "SUBJECT TO FINACIAL APPROVAL" unless you have 650 +++

 

David, I am trying my best to be civil here. You can go search the internet and find facts supporting any opinion about any subject that you choose to. The fact DOES remain that your research has shown that with only THIRTY TWO people surveyed, 27% of them saw this happen. That is FAR from a majority of surveys. I could probably survey 32 people on this forum who would insist that 27% of their coworkers are a-holes. That doesn't mean that every coworker in the US is an a-hole.

ALL that I have done was describe a normal process that has been occurring for years. Gee, I would say that it would be considered "Normal" if it has been done for years. As for legal, well that is for the courts to decide on a case by case basis. If every case were illegal, then NOBODY could buy a car without having total financing approved right then and there. Should it be that way? Sure, why not. I would support that change. But until it DOES become that way, then the process remains as it has. You keep on skirting the edge at this point of calling my character out again. I have done nothing to insult you or call YOUR character into question in this forum. I expect the same from you sir. Again I suggest we part ways at this point. Can you be man enough to walk away without throwing another insult? Of course I would STILL enjoy an answer to the question I posed so many posts back, but I don't think I will get one. At least not a civil one. At this point, good day sir.

 

lol nice

 

I can't advise on the law as each State is real different. BUT, Toyota gives $750 to you under the College Grad Program if you finance with Toyota Finance. Why didn't you ask for that?

 

I assume you are referring to me. I haven't addressed the GAP insurance partially because the OP still hasn't stated what happened. I assumed (perhaps incorrectly) that because he had not stated it was refunded, that it was not.

Mainly I haven't addressed it because they added it to the initial purchase along with the other stated $10,000 in add-ons in his initial contract - that's classic yo yo / spot deal scam behavior and is addressed in several of the articles, whether its still there or not is largely irrelevant.

There are a lot more than five organizations involved. The Federal Trade Commission and the NADA seem to be having ongoing discussions as to whether the entire spot financing practice is going to be banned all together. I'm not on any fence - as I've clearly stated from my first post on this subject, this is a scam meant to defraud the consumer. You don't need any more proof than the fact that they yo-yo'd him back in for a larger down payment blaming the "lender" to know that their intent was to defraud him all along.

David

 

I was typing your response while you were typing this.

As to this spot deliveries are still legal - the dealer can allow the customer to leave without final approved financing. The yo-yo part of the spot delivery is what is illegal. As is the case with many white collar crimes, ignorance of the law (as shown by what happened here) is the reason unscrupulous dealers to continue to get away with this.

For someone that mocks the many documented websites and the multiple quotes supported the same thing I said (and others) initially, you have yet to produce a shred of evidence suggesting that what you are saying is an ethical or legal practice. You state that evidence on both sides is all over the net, but I did not see any evidence of what you are claiming in any of my searches.

Please show me all these sources you are referencing.

Regards,

David

 

I never quoted any of the information I was discussing because all of the information I gave was...well...First hand knowledge. Personal experience. Been there, done that. I had the same thing happen to me, and it was not the dealership trying to "scam" me. My wife was involved in the entire process on the dealership end.

Shesh, I just need to cut the strings here because you won't accept that there are honest dealerships. You look at the 27% in the first survey and want to crucify every dealership out there. Not everyone is a damn crook. And I NEVER said that all of the practices are etical or legal. I simply stated the process, and how it works. Stop putting words in my posts. I am sure that in your career there are unscrupulous people. Does that make YOU a scam artist? No. I am willing to also bet that if someone started saying that every person in your chosen career field are nothing but scam artists and thieves, you would be willing to defend that, and try to get the truth out.

 

No update from the OP, but there is no shame in using a co-signer to establish credit. It may even get you some better terms. The situation sucks, that is for sure, but no real way to tell if it was something they did intentionally.

You may even have an opportunity here, depending on how good the deal you got was. You are now driving a used truck that you can walk away from. That is power, so use it.

You can go through the dealership, but a better option would be to find your own financing, using your dad as a cosigner to get a better financing deal. Work a new deal with the new financing, and get some more money off the truck since it is now a used vehicle. If they won't deal, walk away and take your financing to another dealer.

The situation definitely sucks, but unfortunately for first-time buyers, this is how financing works. I got my dad to co-sign on my first truck and ended up paying it off early. Helped his credit score and established mine, and I have never had a problem since. And I never felt like less of a man.

 

Please show me where I stated that every auto dealership or all auto dealership practices unethical or illegal. I have purchased 5 brand new vehicles (3 of which were Toyotas) since 2007 - Not one unethical practice in the bunch. Some of the dealerships were OK, some were excellent (thank you Tejas Toyota).

I didn't put any words in your posts - I said that 100% of the time the consumer gets yo yo'd back in on a loan in today's market it is a deliberate fraud practice on the part of the dealership. You've said that the same thing happened to you and again I reference one of my earlier posts where I was soundly criticized for being rude...

There is no evidence supporting this as a "normal" practice today other than your personal experience. There are page after page of hits showing just the opposite a google search away. Your wife may have thought it was "normal" and legal as told to her by her employer. It may have been legal at that time. Back in the day (I don't know when this occurred for you) there may have been some inability to actually secure financing at a dealership before the consumer left - that's not the case now. Its not legal now. Its not normal and business as usual. The advice you have repeatedly given out saying otherwise is incorrect.

David

 

Perfect.

I'm not into finance or laws but I heard financing a car is only positive on your credit score for a limited time after it is paid off. Not sure if true or not but it makes sense.

 

This happens a lot more than you guys think. The dealership wants to sell you a car. They don't want it back. The finance guy at the dealership is just that, a finance guy at the dealership. The final say is with whomever is financing the vehicle and if they are not happy with the terms, they can ask to modify it or just plain deny it. In this case, they wanted $2K more to either have more equity or to lower the monthly payments that they are comfortable with.

The OP could have used this to his advantage and said he can only come up with $1,500 and have the dealership take another $500 off the purchase price as I doubt they want the truck back with XX miles on it already.

 

Years ago around 2006/07 we had a dealership make the news for practices like this, Bill Heard in Antioch, TN. Complaints started coming in & News Channel 5 started doing stories on it. In 2007 Bill Heard left town. Back then they self-proclaimed to be the World's Largest Chevy dealer.

I guess I'm lucky I've never had to deal with an issue like this. I'm not sure how I would handle it but giving them more money wouldn't be one way.

 

Lol Bill Heard was such a joke. In TN a guy bought a Chevy truck from them, and apparently a day later it was repoed from the poor guy because the manager didn't like the good deal the salesman gave the guy. I think the Buyer got the truck back without a problem through court I believe. Glad those assholes are out of the game.

They used to have a dealership down where I'm at.