Quote:
Originally posted by Dani:
We signed for the H3 (filled out all paperwork, title work, etc...) for it 2 weeks ago this coming Monday. We were under the impression (as we were told by the finance manager) that we were approved for a specific rate. We signed the paperwork agreeing to THAT specific rate. We had 2 charges that were added to the total price of the car- that we didn't want. One being the Gap insurance (got it WAY cheaper elsewhere) and the second being a product called Vesco (kinda like scotchguard for furniture only this is for the car). Those 2 charges totaled almost $1700 and were automatically added in. The dealership NEVER asked us if we wanted them or not. SO- per their timeframe guidelines we declined the coverage and needed to go back to the finance dept. to re-sign paperwork since the amount financed would be different than we originally signed for. When we arrived at the dealership, the finance manager says to us "you're no longer approved at the original rate and your new rate is" (and the rate was 4% higher than we originally signed for). The dealer never contacted us what so ever. Per the paperwork that we were given- they have 72 hrs from the date of purchase to notify us of any changes. We were never notified of anything. Now that we want to use our own financing- the dealership refuses to accept it. Which is total ****.
It just sucks because the HUMMER dealership itself is separate from the finance dept. (they're one HUGE dealership...they're not just HUMMER- so they share the finance dept) and the people that work at HUMMER are actually really great people. I hate to screw them over but I'm very tempted to tell them to shove the H3 up their ass and go buy it elsewhere. I've never had this damn much trouble buying a car EVER.
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The changes can only take place if both parties agree in writing. If anything has changed in the rate, price, term or any other part of the contract that yoiu are happy with, just dont buy the car. The original paperwork is useless and unenforceable if they change it on you. As far as dealer added products, some customers see value in some of the products and some dont, bottom line if you like it buy it, if you dont dont. Vesco, Enviromental, Mop-n-Glo its all the same and all an option. Gap is a great product if the vehicle is financed for more than the current value, useless if you put down alot of money. It does not matter who you buy it from, the dealer, your insurance guy, the bank, it is all the same to you. Car loans are simple interest and if you have abetter rate somewhere else, take it. Even if you signed with the dealership, you simply use your newer lower rate loan to pay the first one off.