We went to a dealership about a month ago and got approved for a loan on a car. Maybe a day or 2 later they called saying the bank is taking the loan back and they needed us to return the car, so we did. They said we could have our down payment back, they were just taking money for the miles we put on. We left the dealership with 10 miles on the car, came back with about 200 miles on it. They took out $1,000. My husband called and said that’s too much for less than 200 miles so they said they would give us back $700 bc the salesman agreed that was too much to take. Ever since then they’ve been stalling and saying they mailed the check, then said they were gonna drop the check off today and they never showed.
This is quite common. The dealership wants to make the sale so bad they will have you sign a contract with "projected" monthly payment and interest rates; let you take the car home; and then try to get the financing at the terms they projected. Sometimes they can't get that done and multiple credit applications are made on your behalf which drops your credit score in the process.
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