Dealer wants car back over downpayment

[Anonymous]

Loan on 5/8 with a few days to pay the rest of the down payment you owe.

You posted this on the 20th. So it has been a few days many times over.

The dealership will NOT be able to pull your loan with the finance company.

Worst case is they keep calling you. You never pay and they are out of the money.

You made a agreement to pay. Verbal. They could have held the car until you made the rest of the down payment but they gave you the car. Bad credit dealer or not, it's a crappy thing to skip out on your obligations IMO

[Anonymous]

Bet the dealership doesn't help the next person out when they are in a bind and don't have the full down payment.  Unfortunate

[Anonymous]

I know several dealerships that want the downpayment in the form of cash or cashiers checks only. No pay later or personal checks allowed

[stellar]

Guys, You have to remember that some people on this forum are VERY YOUNG or just inexperienced.  If she said she was confused bc 2 parties were saying diff things, then she was confused.  

workingfor850 and beastmode did a good job clarifying the issue I think.

If you attack people and make them feel bad then no one will want to post their problems on this forum.  

[StartingOver10]

---

@stellar wrote:

Guys, You have to remember that some people on this forum are VERY YOUNG or just inexperienced.  If she said she was confused bc 2 parties were saying diff things, then she was confused.  

workingfor850 and beastmode did a good job clarifying the issue I think.

If you attack people and make them feel bad then no one will want to post their problems on this forum.  

---

Stellar, I have been thinking about your post.

None of us want to attack anyone for not only the reason you post, but because it isn't helpful. 

We are here to help people as much as possible and to do it in a supportive and friendly way.  

Some posters need a more firm approach to get them to see their errors in thinking through their problem. It is sometimes difficult to post in such a way that doesn't come across as harsh. Thank you for the gentle reminder to keep our posts supportive and friendly. 

[JGGM]

My dealership has made arrangements like this in the past to customers. The difference is we don't submit everything for funding until the full down payment is received - so that we can "repo" a vehicle if needed. 

[DeeBee78]

I did this 5 years ago when I needed a car pretty bad, and only had $1000 (just starting a new job after a cross-country move). Dealer wanted $1500 down payment, and gave me an extra month to come up with the funds. 

I signed a deferred down payment contract with the dealership, where I agreed to pay a portion of the down payment at a later date. I also had to give them a blank check, so they could EFT the funds out of my checking accoount. 

The contract stated that if the funds could not be pulled, the dealer would send the owed amount to an outside collection agency. Chances are this is what is going to happen to you as well.

Is it worth ruining your credit over the $500 that you owe them? That's up to you to decide. Personally, after working so hard to rebuild, it's not worth it to me.

[trant3]

They did you a favor but "lending" the $500, you ought to pay them whats owed. Point blank, period. No confusion here. 

[9CLINE]

+1 Take them the money......

[Anonymous]

Let me say this again I never signed a deferred payment contract, I never paid with a post dated check. I said a few days as a generalization bc I was waiting for my paycheck which I had just received on this past sunday. I never knew the dealership put that the downpayment was paid in full on the contract. I was informed by my finance company legal
Department that they had not notified them of deferred payments in the contract and regardless of if I owed them the 500 not to pay them and all funds would be given to the finance company going forth.

I also was only trying to make sure that my car was not going to get repo'd by the dealership and I called the finance company to see if they had the authority to repo it.

As Stellar said I was confused. But y'all are very quick to say I was going to take advantage of the dealership bc they did me a favor , but I never said I wasn't going to pay I just said who do I believe.

And you all are very judgemental when all I read in here is tips of how to get around this or that, and what not. I learn a lot from this forum but I prob won't ask another question.

Oh and I paid the remained on Monday. Thanks