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Buying my first used car? Little help please?
monkeyddrake
Member Posts: 12
Hey so I'm financing a used car and went to a dealership on Saturday and applied through them and got approved for a loan to get the car I wanted. I am to go this Friday and put my down payment and sign for the car and etc etc.
I then decided to go through my bank as I'm more comfortable with them and they gave me a list of dealers. On this list I found a much better deal for the car I want and I intend to buy this one instead.
My concern is this, I have NOT YET signed for the car in the first dealership, I haven't put any money down, not even to "hold" the car with a small incentive. I didn't buy into any of that. (Cars still there). So since technically, nothing is binding me to that car, no contracts or anything, can they still bill me for making license plates? Or can they charge me for any dealership fee's?
Today I am going to the dealer I chose through my bank, and I'm going for that car. So I would like to call the first dealer and inform him that I am no longer interested in the car and would like to just cancel everything ( there's really nothing to cancel, but out of courtesy). I'm just afraid he'll say that he already started some kind of process and I'll have to pay for license plates or something?
Thanks in advance!
I then decided to go through my bank as I'm more comfortable with them and they gave me a list of dealers. On this list I found a much better deal for the car I want and I intend to buy this one instead.
My concern is this, I have NOT YET signed for the car in the first dealership, I haven't put any money down, not even to "hold" the car with a small incentive. I didn't buy into any of that. (Cars still there). So since technically, nothing is binding me to that car, no contracts or anything, can they still bill me for making license plates? Or can they charge me for any dealership fee's?
Today I am going to the dealer I chose through my bank, and I'm going for that car. So I would like to call the first dealer and inform him that I am no longer interested in the car and would like to just cancel everything ( there's really nothing to cancel, but out of courtesy). I'm just afraid he'll say that he already started some kind of process and I'll have to pay for license plates or something?
Thanks in advance!
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Comments
If the price is legit they should be able to match it in order to save the deal.
This is exactly what happens when a dumb store fails to "roll" the car. The "buyer" shops the deal and the store that did all of the work loses the sale. If the loan was approved they should have spot delivered the car. They should have known better. If the bank rate was less, ask them to match that too. If they can't do this, just finance using your bank. The store can handle that too.
That store spent time with you. At least call your salesperson and give them a chance to save their sale.
" It should not be an issue"
Unless a person values the sincerity of a handshake. The poster should give that store a chance to save the sale.
1st dealer:
Car - 2013 Nissan Altima - $12,500 - 52k miles - 1500 down payment (puts me in a small bind financially, nothing to serious, but would delay some other things)
2nd dealer:
Car 2013 Nissan Altima - 10,995 - 27k miles - 0 down, fully covered by my bank for cost of vehicle, fees, taxes, plates, etc etc) (Meaning I can breath a little better knowing I can take care of everything without stretching my wallet)
So even if the 1st dealer were to match everything, I still have to drop 1500 that I could better use elsewhere, and the car has nearly double the miles too. It doesn't make sense to buy his car.
Any thoughts or advice on that? Thanks again.
Makes this a different ball game UNLESS the second store lowballed you. This happens.
I don't think you are on the hook for anything. Just call them and tell them you've change your mind.
This is EXACTLY why smart stores ALWAYS "roll" the cars they sell AT the time of sale!
Good Luck!
If the car isn't rolled at the time of sale there is a 90% chance at least that "something" will happen.
Some "friend" or neighbor will tell the buyer that they should have bought a different kind of a car or that they paid too much or the buyer will simply get cold feet and cancel the sale. Happens most of the time.
I would be a bit suspicious of the second car and not just buy it because of the miles. I would want to see a clean Car Fax and maybe even pay to have an independent shop or dealer give it an inspection. It could be a great deal or priced below market for a reason. It's probably fine but just for the peace of mind.
To me I view it as Buying a used iPad or iPhone on craigslist for the first dealer, and buying it straight from like target or an Apple store for the 2nd dealer. I feel much more peace at mind with the 2nd one.
I will say that you might want to move quickly on this. Sounds like a car that won't stay on the lot long!
That's the car, it says something about a recall. So I read up on all the recalls the altima has had and this one falls under the under the hood latch.
Most recalls amount to very little "A tempest in a teapot" in most cases.
Probably a hood latch that "could" fail meaning the hood "could" possibly fly open at high speed and block your vision. I guess that could be risky.
On safety related items such as the current Takata air bag nightmare, a store can't sell the car until the recall has been fixed. This COULD be the case with the hood latch recall.
So, I'm guessing the store has already fixed the problem and Car Fax hasn't had time to correct their reports.
Car Fax often makes mistakes too. Be sure to ask about this.
Good Luck and let us know how things turned out!