Well being a first time buyer without much of an established credit, I needed a co-signer in order to finance my FJ, even after giving 5k down for it. Anyway, when I decided to take the plunge, my awesome mom decided to be the co-signer on this deal. After wheeling and dealing with the dealer, a deal was made, we both signed and they gave me the keys to my new FJ. 4 days later, I get a call from the dealer telling me that they're having problems verifying some of my mom's information, they ask me if I can come over and talk this over. Next day I drive down there to clarify this mess, and it turns out that they can't finance my fj with her signature, that I need someone else's. So after all that mess, they take away the keys to my FJ, embarrassing the **** out of me in front of all those people, and they make me drive home in a beat up car.
Now here's my dilemma: My father, who has awesome credit and is more than willing to co-sign with me, says that I should renegotiate this deal before signing again to try to squeeze more for my money - especially after they made me go through all that crap. Am I being too shrewd in renegotiating after a deal was made? I mean, these are car salesmen after all, lol, and they do have to rip the old contract in order to get my dad's signature, right? I can defenitely get them to thow in the roof rack, all weather mats and perhaps make them drop the price a little more.... What do you guys suggest?
You should of told them a deals a deal. Once you drive it off the lot, you own it. I suspect they couldn't finance it for the rate the offered you based on your moms credit score. They should of run an instant credit check on your mom just like they did you. Shame on the dealer for not doing their job the first time. I would go in armed with this info and bilk them for every dime you can. Just for future reference on your next car purchase, bilk them for every dime regardless of your credit.
I suggest you consider financing through someone online like capitol one. Then find another dealership. Those guys already jerked you around plenty, you can do better. Even with a cosigner you are much more likely to get a better rate than what you probably got this time around. Then you can walk in like a cash buyer and just sign the big check instead of playing games for hours or having your keys taken back. I hope I dont offend you too much when I say make damn sure you can afford the payments and have plenty of money left in "savings" for a few extra payments. You know how it goes _ _ _ _ happens. Or as a friend of mine says "life is what happens when you make plans".
I hope I dont offend you too much when I say make damn sure you can afford the payments and have plenty of money left in "savings" for a few extra payments. You know how it goes _ _ _ _ happens. Or as a friend of mine says "life is what happens when you make plans".
Yeah, I did my homework before taking on such a big purchase. I'm not married, and don't pay rent, I only pay for food and a few bills here and there which don't amount to much. I make $2200 a month working for the goverment so I know my job is secure. I just hope I don't fall in love anytime soon, or i'll be in deep cheet, lol.
I suggest you consider financing through someone online like capitol one. Then find another dealership. Those guys already jerked you around plenty, you can do better. Even with a cosigner you are much more likely to get a better rate than what you probably got this time around. Then you can walk in like a cash buyer and just sign the big check instead of playing games for hours or having your keys taken back. I hope I dont offend you too much when I say make damn sure you can afford the payments and have plenty of money left in "savings" for a few extra payments. You know how it goes _ _ _ _ happens. Or as a friend of mine says "life is what happens when you make plans".
TOTALLY AGREE!!! Get your financing up front and then go make your deal at another dealership. When the salesman starts asking about how you're going to pay, play their game and tell him that it's not important right now. What's important is that he gets you to a FINAL PRICE you can live with. Then and only AFTER you have signed an agreement for the purchase price should you tell him you're going to pay cash.
As a side note, since you had a signed copy of all the paperwork, I would have told the first dealership to go FU(K themselves and would have left. It's their problem after the fact that you and / or your mom's credit didn't stack up to what they were willing to lend. They were going to be in a world of $hit if they didn't get that truck back from you pronto. Just my .02!!
I just hope I don't fall in love anytime soon, or i'll be in deep cheet, lol.
Rest in peace little buddies
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