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Downpayment?

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Rackham94
Established Contributor

Downpayment?

I am trying to see what happened to downpayment

 

Bought a car for 14325 made down payment of 2k

 

added extended warranty 1800

 

add dealer fee (250)

add sales tax (Mississippi around 750)

 

I removed the warranty and cancelled it within 60 days.....

 

what gives?!?!! my remaining pay is 15300 according to TD financial 

Message 1 of 18
17 REPLIES 17
webhopper
Moderator Emeritus

Re: Downpayment?

Tax title and license... We're they paid separately?
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 2 of 18

Re: Downpayment?

hmmm



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Message 3 of 18
maiden_girl
Valued Contributor

Re: Downpayment?

I would cancel the extended warranty as well...you don't really need it.

As of 2017, rebuilding...
Message 4 of 18
Rackham94
Established Contributor

Re: Downpayment?

I called to cancel it the week after however; they said the loan has not processed yet and they got to wait for it process through and everything. I figured it out yes it was the documentation fee and taxes plus title. Plus the extended warranty was 1895. 

 

I will call them and demand action cause I feel like I am getting the run-around.

 

In other news, the car was claimed used however today I got a letter from Mazda Program Headquarters Certified Pre-Owned dept

 

Saying I got coverage for 7Yr-100k limited powertrain and Limited Warranty for 12 months or 12k miles including roadside assistance 0.00 deductible for eligible repairs!!

 

Is this the norm??? It didn't say CPO. I didn't pay CPO price the dealer didn't say it was CPOed the manager said it was scheduled to be CPOed I asked if I took it home that day would he CPO it he said no. 

Message 5 of 18
Rackham94
Established Contributor

Re: Downpayment?


@webhopper wrote:
Tax title and license... We're they paid separately?

Nevermind just reviewed the Truth In Lending disclosure it is paid on the same ticket and was financed. minus my downpayment basically went for the extended warranty  >.<

Message 6 of 18
webhopper
Moderator Emeritus

Re: Downpayment?

If they are making it a CPO, then the extended warranty is a little pointless.

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 7 of 18
Rackham94
Established Contributor

Re: Downpayment?

That is what I figured but the guy said he wouldn't CPO it for that price. and the deal says Used.

 

I got the letter in the mail yesterday dated 8/9/13 from CPO Mazda. 

Message 8 of 18
pizzadude
Credit Mentor

Re: Downpayment?

I'd go with the letter over what the salesman told you. It says you have warranty coverage, so as suggested you should probably cancel the warranty you purchased.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 9 of 18
Rackham94
Established Contributor

Re: Downpayment?

I cancelled a 2 weeks after I got the car and they said they sent it off it takes about 30 days for the payment to report to the finance company..

 

true?

 

USWarrantyCorp and TD Financial? 

Message 10 of 18
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