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Old 07-12-2012, 02:09 AM
 
Location: Los Alamos
19 posts, read 30,721 times
Reputation: 23

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I drove up to Colorado Springs from New Mexico to buy a new car since for some reason the dealerships down here only had the car I wanted with a black interior. (Imagine the sound of sizzling as you sit down during the summertime.) Unfortunately the VW dealer up there pulled what's known as yo yo fraud on us, sending us a letter a month later that our loan hadn't been approved but that they'd try to put us in a different (much more expensive) loan or we can pay some $3000 to take the car back. I have super credit and very little debt.

Lucky for me there is a specific Colorado law Regulation 12-6-118 (3) plus Colorado Consumer Protection Act 6-1-708 that says this is illegal. They've got 10 days. I guess the dealer up there figured I am a stupid New Mexican but now I am a mad New Mexican. Steaming green red chile hot mad. With time and money to get even. My two little kids are gonna have summer vacation photos of us picketing Al Serra. And what kind of Colorado Springs resident is going to push through a picket line of preschoolers to buy a car?

However, Google hasn't been very helpful in finding a consumer fraud lawyer in Colorado Springs. I'd really prefer to use a local rather than one in Denver. I'd love to hear from anyone who can make a recommendation (via PM).
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Old 07-12-2012, 06:11 AM
 
Location: 80904 West siiiiiide!
2,755 posts, read 4,753,471 times
Reputation: 1227
Al Serra sucks.
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Old 07-12-2012, 11:18 AM
 
Location: Los Alamos
19 posts, read 30,721 times
Reputation: 23
Hey come on down we'll be having a party on the sidewalk there in front of VW. Are the fire restrictions still on or can I tailgate with a BBQ and lemonade while I protest?
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Old 07-12-2012, 03:09 PM
 
207 posts, read 132,615 times
Reputation: 100
Why not a Denver attorney if you don't find locally? They are experienced, might deal with even bigger car dealerships and work for large powerful firms.

Best of luck. Go get them!!
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Old 07-12-2012, 04:20 PM
 
Location: Colorado Springs, CO
546 posts, read 846,493 times
Reputation: 342
I've heard about this tactic before, but I gotta ask the question...

Why didn't you get pre-approved with your own lender before you made the purchase?

Also, isn't there something you signed that stated if your loan was disapproved, that they would offer financing, but at higher rate? I just bought a new car last month...and another dealer offered their own financing. I said no way...all my work was done before I even got to the dealership.

I'm thinking an attorney may tell you they have their bases covered legally by the documents you signed. I would highly encourage you to look at every document you signed.

Also, did you try to contact the dealership? Work your way up to the top? If so, what is their response?

To anyone else out there...most credit unions/banks offer pre-approval before you go to the dealerships. Do the pre-approval before you go and don't worry about that hassle in a high-pressure sales environment. This is where the sales folks make things confusing and screw ya over.

I wish you the best and hope that the dealership works with you on this to get it resolved.
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Old 07-12-2012, 05:35 PM
 
679 posts, read 652,930 times
Reputation: 649
Bullitt's absolutely right. Make sure you get pre-approved, not just pre-qualified (goes for a mortgage too!). Also, credit unions usually have a buyer's program where they can do all the work for you, get bids from participating dealers, arrange your financing, etc. All you have to do is show up, sign the sales agreement, and drive off. You may be able to get a slightly better deal if you are really good at bargaining, but the amount you save may not be worth the hassle. Costco has a similar program (not sure about any financing program, though).

Hope this helps for future purchases.
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Old 07-12-2012, 06:43 PM
 
Location: Los Alamos
19 posts, read 30,721 times
Reputation: 23
I'm afraid it's all over with no fireworks at all, dang! Oh well, I'd far prefer to use my time off in Colorado camping and fishing rather than visiting a car dealership. I faxed a letter and they called and said there had been a terrible glitch in their system. Boy I'm sure glad I've never had a glitch like that at work.
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Old 07-12-2012, 09:20 PM
 
Location: Edina, MN
5,309 posts, read 3,868,113 times
Reputation: 11760
Quote:
Originally Posted by huskydigger View Post
I'm afraid it's all over with no fireworks at all, dang! Oh well, I'd far prefer to use my time off in Colorado camping and fishing rather than visiting a car dealership. I faxed a letter and they called and said there had been a terrible glitch in their system. Boy I'm sure glad I've never had a glitch like that at work.
I bet the only glitch was that they realized you weren't as dumb as they had hoped.
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Old 07-12-2012, 10:52 PM
 
Location: Falcon, Colorado, USA
45 posts, read 40,718 times
Reputation: 76
Call Tom Martino (Denver) his radio show KHOW 9am-12pm M-F 303.713.TALK he deals with this all the time and should be able to help you out.
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