The main advice I need is regarding a retail install sale contract for a used car at a dealership. After reviewing the contract, I notice that dealership did not go over in detail the contract with me prior to signing it, therefore I did not notice that in addition to the extended auto warranty was optional, gap was too. Dealership did not verbally tell me that GAP was optional.
Also on contract, it appears they did not deduct the $3,000 cash I gave them from the subtotal and instead included it in amount financed on the contract. I had a unside down loan for $16,668. and if I gave them $3,000, this should of lower my amount to $13,668 plus sales tax and fees totally $14,968,.This is what I should have been financed, not $18, 412.00. They added on $3,395.00 for two optional fees
I bought a used car on 7/27. I had a 3 day return policy until 7/30 if I was not happy. ON 7/29 I called the dealership to speak with the financial manager that I wanted to cancell the extended warranty
for $2,500, he told me the contract was already processed, so I could not write up a new contract but the credit would go towards my principal amount on the loan. I thought with the 3 day return policy, the paper work would not be processed yet. On 7/30 I took car to be serviced at dealership for bad rear tires. On the pre inspection, it was noted that the tires were ok, however on a copy attached to this was a paper that notes something about the tires being noise. This was not disclosed to me prior to buying the car.
I want to call dealership but I do not know what to say to them about the contract issue and what do do about this. I have even considered putting another $5,000 down to lower my loan amount for different car that the dealership ( autonation) has at one of there other locations
Secondly on 7//29 I was told that on 7/30 the financial manager that wrote my retail sales contract would be in on 7/30, however when I went to get car services, he was not so I was unable to speak to him about the tire issue and that the pre-inspection did not indisclose the tire issue.