UPDATE:
Ok, so I went back on Monday morning, yesterday morning... Got there at 9:00am and let them know,
that my bank would not loan me part of the money. (RULE number 1, as someone else mentioned, Car
finance departments don't like to see you finace a loan for the down payment on a car). It took a
while. I was very nice and polite...I did not show any visible signs of frustration or of being
upset.
I called my bank, at about 8:40am, as I was on my way there, and asked if the folks (I had been in
contact with this dealership for a month, because the car was on order, "no, I did not order the
car, it was already on order, they just put my name on it"), had contacted them, in prior weeks, in
regards to getting $6,000.00 for the difference for the loan. As I was sitting there at the
dealership on Saturday, they told me that they had talked to a certain Loan officer, on my behalf,
and that that loan officer had said "Yes, we can approve him of a loan for that amount". Well
basically they could not, not without me re-applying, and later on in the day, I spoke with the
another Loan officer, who I am very familiar with, and she said that he did not even know anything
about it...
So anyways, after sitting in the waiting room of the dealership for about an hour, I then walked
over to the F & I/Finance Manager's office, over in the other building, and watched him hurriedly
hang up the phone, and then he told me that they were trying to get the rest of the $10K (the $6K)
from the Manufacture's finance department. He told me to take the car, drive around for a couple of
hours, and they would let me know how it goes...
I nicely insisted to both him and the salesman, that I did not feel comfortable driving around in a
vehicle that is not completely mine, and that I did not want to put more than the 55 miles that were
already on it, on it. SO he told me that he would see about getting my car back...
I told him I would wait, and then I took a walk with the salesman, talked pleasantries, and then
explained to him, in a round about way, that I was very honest, in my complete approach to dealing
with them, and that I liked honest people... I felt he was a good guy, but I leave it up to you, the
readers', imagination, about his and the dealership's honesty and integrity...
So we got back, and the FI guy decided to go ahead, after I asked one more time, nicely and with a
smile on my face, for my car back... So after an hour, of them wrestling my car off of the used car
lot, and bringing it back, I drove out of there at about 12:15pm.
Now:
1) They still have both of my checks, which are not post dated (they say that they would mail them
to me, because the checks had already been submitted to some check system, the numbers and the
banking info, and if don't cancel the contract, there would be $90.00 check fee's for both checks,
plus my own fees). Of course, I will put stop payments on the checks...and the money is not there
anyway...
2) They are trying to work out a better deal....
For those of you wondering what the 2 cars are, in question...
1) My car, my original car, is a Fully loaded 2007 Nissan Altima 2.5SL... The payoff is so high
because, I had a 2004 Nissan Altima 2.5SL before that one, and I ran the miles up on that one,
driving back and forth to work, over 200 miles a day, for 10 months. Yes, I realize that I need to
keep a car, and stay in it... I have been trying to do that for a while, but I have been searching
for a really good car to do so. Something that gets excellent gas mileage, like a........
2) 2009 Camry Hybrid...which is what I traded my car in for...
For those of you wondering what the numbers were on the lease contract, let me give them too you....
Gross Capitalized COST = $46,000.00
Capitalized COST Reduction = $ 10,000.00 (this is my deposit money... and for some reason, there is a tax on this money...)
Adjusted Capitalized COST = $36,000.00
Residual Value = $11,000.00
Depreciation and Any Amortized amounts $29,000.00
Rent Charge = $17,000.00
Total Base Monthly Payments = $44126.40
Agreed Upon Value of Vehicle = $30,000.00
Outstaning Prior Credit or Lease Balance = $16,000.00 (THIS NUMBER, SHOULD BE $6,000.00 in
regards to my eventual downpayment of $10,000)
Acquisition Fee = $ 600.00
Gross Capitalized cost = $46,000.00
So all in all, my total amount of payments, would be $48,000.00 (60 payments of $800.00 a month) +
my deposit of $10,000.00, + the $11,000.00 for Residual Value of the vehicle... all of this to the
tone of 12K miles a year...
So for now, I have my own car...
I am going to put stop payments on the checks...
I have told them to try to work something else out, and have indicated that I know what they tried
to do...but that they can clean this up... and get a good name, or I will walk...and not have much positive stuff to say at all. The TCH was a base model unit... and I explained to them, that I was already knowingly giving them the $6K over the factory invoice... (factory invoice for these cars is $25,600.00 for a base model which are discernable by the lack of a power front-side passenger's seat, and lack of options).
I have rounded up the numbers above, greatly, and I have not mentioned the name of the dealership,
or what city it resides in, because, in this day and age, you never know WHO is reading WHAT on the
internet.