I got a leased car yesterday, but something is not right, help!!

dtruxaldtruxal Member Posts: 1
edited July 2016 in Toyota
Got a 2016 Carolla LE got the price down to 16,661($18,500MSRP), put 6,000 down. Interest was quoted at 18% (wife is new to the country, no credit.) $1100 in sales tax, $299 doc fee, $299 for window tint.

It should be roughly a $170 over 36 months, with $12,000 left.

Signed for $257 a month for 36 month, with $12,000 left.

Something doesn't add up, either he changed the price of the car in the lease, or gave a higher interest rate, or pocketed some of the down payment. I cant say for sure which yet, I dont have a copy of the lease because they needed a paystub and proof of residency before finalizing it.

I am going back in today to see what went wrong, but I have already signed the initial agreements. Any advice on what I should say or do?

Comments

  • kyfdxkyfdx Moderator Posts: 207,889
    dtruxal said:

    Got a 2016 Carolla LE got the price down to 16,661($18,500MSRP), put 6,000 down. Interest was quoted at 18% (wife is new to the country, no credit.) $1100 in sales tax, $299 doc fee, $299 for window tint.

    It should be roughly a $170 over 36 months, with $12,000 left.

    Signed for $257 a month for 36 month, with $12,000 left.

    Something doesn't add up, either he changed the price of the car in the lease, or gave a higher interest rate, or pocketed some of the down payment. I cant say for sure which yet, I dont have a copy of the lease because they needed a paystub and proof of residency before finalizing it.

    I am going back in today to see what went wrong, but I have already signed the initial agreements. Any advice on what I should say or do?

    Did you give them any money?

    Are you sure it's a lease, and not a purchase?

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