Question for anyone who has worked at a dealer/.....

[Garrett]

okay last weekend i traded one of my cars in for a 2003 Dodge Ram 1500 quad cab with only 50k on the odometer now 4 days later the dealer called me back and said the finance company wont finance it because of the year and you'll need to choose something newer since the finance company wont finance anything older then 2005.

my question is since they already got rid of my trade in am i forced to pick something else from their lot or did they just basically buy my car from me??? I didn't make anything on the trade in they gave me exactly what it was worth for the trade, which kind of worked out for me since i was slightly upside down.


pic of said truck

[Alan]

Damn. Which dealer is this? They did buy your car and already sold it...nothing they can do there. They can't force you into buying another used car on their lot. Contract was for the 2003 Dodge Ram that their finance guy failed to confirm could be financed through that bank. They screwed up and shouldn't have even let you leave before they confirmed the bank could actually finance the truck (it only takes a phone call...curious why it took them four days to figure it out).

[Garrett]

they didn't sell my car to an individual they sold the car to a auction company and its already been picked up.... the deal was done on a Sunday when financial institutions are closed.


the sales guy said he got notified late on Monday and has been trying to get financing since then but was unsuccessful

[2klara]

Seems the salesman was a little too eager to get his cut. Doesn't surprise me a bit. I've heard this exact thing happen quite often. They just want the sale. I think you should get your trade-in back if at all possible.g/l

[1BADP71]

whatever you do .... do NOT use the grab handles on the A pillars. They rip off super easy and leave you on your ass. . happened to me in my 05 QC. I was lucky to not fall on my ass because I had my other hand on the door and put my foot down fast enough.. many have fallen though.

I'm not fat either, 6'-0", 190 lbs.

Other than that, watch out for a leaky power steering rack and line.. if its the line get a better hose clamp. If it's the rack... good luck!

[Projekt]

whatever you do .... do NOT use the grab handles on the A pillars. They rip off super easy and leave you on your ass. . happened to me in my 05 QC. I was lucky to not fall on my ass because I had my other hand on the door and put my foot down fast enough.. many have fallen though.

I'm not fat either, 6'-0", 190 lbs.

Other than that, watch out for a leaky power steering rack and line.. if its the line get a better hose clamp. If it's the rack... good luck!

I bet you didn't read this thread at all...

[Graves]

Worked 10 years at a dealer. Check your paper work, you should have signed somethign like on spot deliver or about if the financing falls through. They will have to give you the money for your car, get your car back, or give you a car close to yours.

[ozzy1]

get an attorney. they shouldn't have sold your car b4 financing had cleared.

[*JamReX*]

I bet you didn't read this thread at all...

same thing i was thinking.

Worked 10 years at a dealer. Check your paper work, you should have signed somethign like on spot deliver or about if the financing falls through. They will have to give you the money for your car, get your car back, or give you a car close to yours.

this^

and no attorney is needed. im sure OP signed something along the lines of ^ . dealerships always protect themselves.

My advice... I think legally the only thing the dealership would have to do is reimburse you the money offered for your trade. Dont get stuck with a few hundred bucks and no car. Act like youre still in charge of the situation, tell them you will choose a newer car but they have to keep you at that same payment amount. See how that works.... good luck.

[1BADP71]

I bet you didn't read this thread at all...

I put "whatever you do" because I DID read the post and I don't have a reply for what he should do. Should he trade in for something newer ? Should he make them go get his car back and call off the whole deal ? Should he keep the truck ?? I don't care honestly. That's why I wrote what I wrote.

Either way I have contributed more to this thread than you. I might have even saved him a trip to the ER with a broken wrist or twisted ankle after he falls out of the truck while trying to use the grab handle. Go do something useful yourself now, instead of getting yourself off by trying to manipulate others replies.

[CoRDiTe]

Garret something like this happened to a co-worker of mine. They took his car and junked it and about a week later said the finance company could not finance a brand new civic for him which was already in his procession and said they couldn't finance it for him cause of his credit. Dealers fault and they had to keep lowering the price of the vehicle till he was able to finance it with his credit. Dealer screwed up so they have to take the loss. Should work out in your favor IMHO

[Just Dave]

Dealers do this on purpose FYI. They give you long enough to "fall in love" with the new ride, and show it off to your friends, so you'll be more inclined to put money down on the deal to stay in it. Call their bluff. Tell them you want your car back and you'll drop the truck off when they have it. I bet they will somehow find a way to get it financed.

[BigBadBuick]

Dealers do this on purpose FYI. They give you long enough to "fall in love" with the new ride, and show it off to your friends, so you'll be more inclined to put money down on the deal to stay in it. Call their bluff. Tell them you want your car back and you'll drop the truck off when they have it. I bet they will somehow find a way to get it financed.

This.
Sometimes they screw up, other times they're planning on hitting you up for more money. Either way, letting someone drive off without financing approval and then selling their trade before the deal is done is absolute bullshit and damn near all the new dealers do it. With it being tax season and the market being retarded right now the real kicker is that they probably made money on your trade. I'd demand it back, they basically just hustled you out of your car.

[J@meson]

Dealers do this on purpose FYI. They give you long enough to "fall in love" with the new ride, and show it off to your friends, so you'll be more inclined to put money down on the deal to stay in it. Call their bluff. Tell them you want your car back and you'll drop the truck off when they have it. I bet they will somehow find a way to get it financed.

This kind of sort of thing happened to a co-worker of mine last week, He bought a 2011 Tacoma, agreed on 28k out the door. Went back to drop his truck off for the trade in and they said oh well after tax, tag, title, dealer fee, delievery price yada yada it will be 37k. He said no sorry keep both trucks I want my money back, they must have called him 20 times before the next day to tell him fine 28k out the door. Be pissed and haggle with them, tell them they screwed up and now you dont have a car and see what they can do to make it right.

I dont know who there going to for a finance company. I bought my T/A at the end of 09 and was able to finance it, and before that was going to buy a 01 lightning but passed due to the carfax but still got financing up to trade in value. So being the lightning was a 01 in 09 I would assume they would finance a 8yr old vehicle since thats what you have.

[1BADP71]

same thing i was thinking.

That made me laugh. I didn't even know you could think.