Hey everyone, brand new here, just stumbled upon this forum while looking for some answers and I found a lot thanks to some previous posts.
To make a long story short, I was absolutely 100% the sucker at a dealership where they made no less than $3-$4k at a minimum on my deal, I’m thinking more. I signed a lease and after I signed it, I realized they jacked the price way above MSRP (yes, my mistake, I had my 2 little kids with me and was trying to hurry to feed them, lesson learned). I contacted my sales person, the F&I person, the Sales Manager, and the GM expressing my severe dissatisfaction that they pulled that garbage on me. Anyways, they obviously had no reason to deal with me, so they ignored me and never contacted me back and I moved on, I can afford it and the GF really wanted the car (emotional decision, never wise ).
Fast forward 13 days, they call me and need me to sign a new contract now. The F&I manager tells me that they MF changed due to a system glitch they had that day, all of their stuff went down so they couldn’t submit any applications (it was the Friday before 4th of July) and couldn’t submit until Tuesday and now they won’t approve the MF. So, she said they’re doing me a huge favor and the extra $1,000 MF charge they’re taking off the purchase price of the car, so my payment won’t change.
I’m not worried about the payment, I can afford it, it’s more of the principle to me. I wasn’t happy, tried to rectify with them and was basically told F you by them and now they need me to sign a new contract. I’m in NV so we don’t have a lot of buyer protection laws, but, it sounds like there’s a good chance the deal didn’t get funded from what I’ve read and I can likely take the car back.
My question is, is there any way to know that the deal did in fact not get funded on the terms stated in my contract, or are they just trying to renegotiate for a different lender that’s giving them a kickback? I only ask because I have an 830 credit and make 20x my payment amount, with almost no debt, the original MF APR was around 2.9%, I find it hard to believe they couldn’t fund that with Toyotas finance system. I don’t want to try and take this car back and get burned in the process. But, I’m definitely not going to look a gift horse in the mouth as I know this kind of opportunity is probably once in a lifetime and if I have the chance, I’d take this thing back in a heartbeat. If I do take back, should I get any kind of receipt or document from the dealer indicating my original deal has been voided or anything like that?
Thanks for your advice in advance!