October 20, 20169 yr Aloha Gents, Recently the wife went down to a Honda Dealership and plunked down 60% and agreed to a 3-year payment plan.. Contract was signed money deposits made. Next, the Saleswoman calls back in two days and says, " the finance department say no joy, on the 3-year payment plan, now they want a 4-year contract, come down and sign a new contract." Is this not a bait and switch? Even with a Car contract is that not a legal document? They agreed we agree, now the finance people want more money. Comments, Suggestions.
October 20, 20169 yr When you say you signed the contract, was the contract signed with the finance company (Since there is no such thing as finance department here refers to banks). if the contract is simply a purchase contract with the dealer, then the finance company can change the terms of the contract which you can choose not to accept and take your money back since that was not what you agreed with the dealer. The dealer should not be able to penalise you for not agreeing to something that you've not agreed to. Call your dealer, say no go. And see what they say. If they insists, demand your money back and go to the next dealer.
October 20, 20169 yr had the same thing with a tritton, 50% deposit wanted the remainder over 3 years, no can do have to be 4, from the finance company. I was in a position to fully pay, but overwise would have been stumped, the way i viewed it was they wanted the extra interest,
October 20, 20169 yr Fling me whose the customer here and it makes think and wonder which company is trying it on for the extra interest.. When you signed a contract whether Honda dealer is just an agent for the finance company or not they are in breach of it now. Personally l would insist on the 3 years or stuff em, get all money back and go somewhere else. I'm sure another way could be found if you try other Honda dealers, plenty about. If it's your wife's money then l would just let her decide.
October 20, 20169 yr Had a similar issue shopping around for a car loan, wanted a 2 year loan, my regular bank said I had to do 3 years, I asked why...because we don't make any money.... Next bank please!!
October 20, 20169 yr Had it with Honda and Ford's financiers. Told them to pee off and do what I requested.
October 20, 20169 yr In the states you could hold them to it the dealership would have to shop it around saying that TIT
October 20, 20169 yr As someone else said this will be about commission. If left up to the finance company it will approve a finance agreement based on the number of years repayment applied for, however, the dealer/salesman will be paid commission from the finance company as a percentage of the amount of interest charged. The longer the term the more interest and therefore more commission to the salesman so any term increase is likely to be down to the dealer/salesman. There will be 2 contracts in a sale/financing situation, one for the purchase of the car, with a qualification that the sale is conditional on acceptance by the finance company, another with the finance company and the finance application will also have a condition along the lines of "this agreement is subject to approval by the finance company". The OP will have signed a contract with the car dealer to supply a certain specification vehicle and, unless he breaks that contract in terms of supplying the car, you're stuck with it. It may be worth approaching the finance company direct and asking what the problem is and you'll probably find there isn't one from it's point of view, after all, a shorter term loan is a lower risk for them.
October 20, 20169 yr We had the very same problem about 5 years ago. End result we walked away from the deal walked into another dealership and got the deal we wanted. Not all financing companies are the same.
October 20, 20169 yr Author 1 hour ago, Deepinthailand said: We had the very same problem about 5 years ago. End result we walked away from the deal walked into another dealership and got the deal we wanted. Not all financing companies are the same. This is what we did as well.. Actually, the new dealership was more upfront about all aspect and I had to admire the sincerity. Thanks for the comments... also it is insightful many poster had a similar experience. cheers mates
October 20, 20169 yr Funfact about Honda Jazz, it was ment to be called Honda Fitta. Fitta is a bad word for female genitalia, like c..t in the Scandinavian countries :) The advertisement, small on the outside and large inside didnt sound to good then :) Had to change the name after scandinavian directors contacted main office. Great market research lol
October 21, 20169 yr Funfact about Honda Jazz, it was ment to be called Honda Fitta. Fitta is a bad word for female genitalia, like c..t in the Scandinavian countries :) The advertisement, small on the outside and large inside didnt sound to good then :) Had to change the name after scandinavian directors contacted main office. Great market research lolI'm fairly sure it is/was called the Fit in the UK.
October 23, 20169 yr It's a fairly standard scam with car dealers here. They try to get you on board and then you find out what/ how you're really going to pay for the vehicle. If you dig in your heels convincingly, they may suddenly "find a way" to make the original deal happen. If not, as posted already, move on to the next dealer. To be fair, US dealers are even worse: They often let you take the car home and then call you, saying the financing has fallen through and ask you to come in for a much worse deal. It's based on the old "puppy dog" closing technique. Psychologically, most people don't want to put the puppy down, once they held it in their arms.
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