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So this is my issue:
1) I traded in my old car and got a good deal for it. I was approved by the finance company, and as a matter of fact I already made the first payment.
2) The owner of the dealer is now telling me that my old car, the one that he accept as part of the deal, needs to be repaired and he wants us to pay for the repair 50/50.
3) If I don't pay for half of the repair costs he is threatening to go to the finance institution so that the deal can be void. He also told me that as a result I would incur in fees for having to return my new used car to the dealership.
Is this really possible? or is he just trying to intimidate me to pay him more money.
whats your sales contract say read the fine print. Sounds like a scam to me as long as you make the car payments what can the dealer do how can they force you to return the car? your financial loan/contract is between the bank and you not the dealer.
So this is my issue:
1) I traded in my old car and got a good deal for it. I was approved by the finance company, and as a matter of fact I already made the first payment.
2) The owner of the dealer is now telling me that my old car, the one that he accept as part of the deal, needs to be repaired and he wants us to pay for the repair 50/50.
3) If I don't pay for half of the repair costs he is threatening to go to the finance institution so that the deal can be void. He also told me that as a result I would incur in fees for having to return my new used car to the dealership.
Is this really possible? or is he just trying to intimidate me to pay him more money.
So this is my issue:
1) I traded in my old car and got a good deal for it. I was approved by the finance company, and as a matter of fact I already made the first payment.
2) The owner of the dealer is now telling me that my old car, the one that he accept as part of the deal, needs to be repaired and he wants us to pay for the repair 50/50.
3) If I don't pay for half of the repair costs he is threatening to go to the finance institution so that the deal can be void. He also told me that as a result I would incur in fees for having to return my new used car to the dealership.
Is this really possible? or is he just trying to intimidate me to pay him more money.
Any advice?
thanks
I would take the sales contract, and any other documents you signed or are a party too (including the documents from the finance company) AND go speak with an attorney. Don't be a do-it-yourself'er here. You are playing in another person's ballpark and it is a very foreign, complex and cunning one. Good luck.
I would take the sales contract, and any other documents you signed or are a party too (including the documents from the finance company) AND go speak with an attorney. Don't be a do-it-yourself'er here. You are playing in another person's ballpark and it is a very foreign, complex and cunning one. Good luck.
Before he goes calling an attorney, how much money in repairs are we talking here? It may not be worth getting an attorney involved. The OP was pretty vague in his post, so it's kind of hard to offer any advice.
You can find repairs to be made on almost any car anywhere. This dealer playing like he was just born yesterday, I wouldn't buy that. A deal like that would have me a bit pissed off where he changes the terms after the deal is done.
Tell the dealer to put his DEMAND in writing. I would think if he was serious he would do this if he hasn't already.
Contact the finance company and get their feedback as to whether the dealer has the ability to do such a thing.
After you receive the letter contact the NJ Department of Consumer affairs and discuss it with them.
These are all free things to do before you take any further action.
My thought is that you sold the car to the dealership "as is." You did not provide any warranty unless it is part of the bill of sale for the car you purchased. If you sell a car and did not offer a warranty then it is buyer beware. Again, my opinion that there is no basis for his threat.
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