Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com
 
PFYC
Go Back   Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com > General Camaro Forums > Camaro Price | Ordering | Tracking | Dealers Discussions

Camaro Price | Ordering | Tracking | Dealers Discussions Discuss pricing and ordering experiences.

Reply
 
Thread Tools
Old 12-01-2011, 04:28 PM   #1
cheech4235
 
cheech4235's Avatar
 
Drives: 2011 2SS Black RS
Join Date: Nov 2011
Location: Illinois
Posts: 96
Dealer taking car back!!

I need help here. Have had my Black 2SS for 16 days now. Test drove and fell in love with the car. Signed all papers on the 14th, picked up car on the 15th. My credit sucks because of divorce judgements that were not met by my ex wife. The dealer new all of this and my credit history. They said there was no problem and would get me financing.
I thought this was my car! Installed black out kits on lights, ordered light bar, DRLs, and Flowmaster axle back is installed already. Took the car in today to go over miner things that need fixed. They called after I got home and said my financing didnt go through and they need the car back.

Anyone heard of this happening before, and what are my options!!??
cheech4235 is offline   Reply With Quote
Old 12-01-2011, 04:32 PM   #2
SSOOCH
Camaro SL,UTs
 
SSOOCH's Avatar
 
Drives: 2010 Camaro SS/RS #16429
Join Date: Sep 2006
Location: South Jordan, UT
Posts: 7,424
WTF? You bought and installed aftermarket accessories and parts before financing was approved??

__________________
SSOOCH is offline   Reply With Quote
Old 12-01-2011, 04:37 PM   #3
Jeffm
ICANHAZ
 
Jeffm's Avatar
 
Drives: 2013 CRT 1SS/RS
Join Date: Jan 2011
Location: Skiatook, Ok
Posts: 957
Oh boy
Jeffm is online now   Reply With Quote
Old 12-01-2011, 04:40 PM   #4
cheech4235
 
cheech4235's Avatar
 
Drives: 2011 2SS Black RS
Join Date: Nov 2011
Location: Illinois
Posts: 96
All papers were signed and was told financing was approved and the papers say the date when my first payment is due. I also put money down. I never heard of a 16 day TEST DRIVE!
cheech4235 is offline   Reply With Quote
Old 12-01-2011, 04:43 PM   #5
SSOOCH
Camaro SL,UTs
 
SSOOCH's Avatar
 
Drives: 2010 Camaro SS/RS #16429
Join Date: Sep 2006
Location: South Jordan, UT
Posts: 7,424
Well if that's the case the dealership has some explaining to do.

Have you contacted the financial institution who the loan is through? See what they have to say.

But I have heard of some crooked dealers doing stuff like this. Was this a Chevrolet Dealership? Get Chevrolet involved as well. If this was some used car lot "we hold the titles" type of joint you might be screwed and I bet they don't give back your down payment. They'll use that as "rental" fee. I've seen people get taken like this before.
__________________
SSOOCH is offline   Reply With Quote
Old 12-01-2011, 04:44 PM   #6
toesuf94


 
toesuf94's Avatar
 
Drives: THR #11 E-force supercharged
Join Date: Jul 2008
Location: Cedar Rapids, IA
Posts: 4,811
Send a message via MSN to toesuf94
Pandora is in da house...wow.

You have a legal contract from the dealer then...your payments per month, with a VIN number. I do not think they have a leg to stand on here. You have a legal contract.

The only thing I have heard is a "cooling off" period where the buyer has the right to back out of the deal if they deem themselves to suddenly realize that they made a mistake buying a new car. I think that is between 1-4 days.

I don't think the dealer has 16 days to cool off on your deal. Sounds to me like they thought they could sell your contract to another lending institution and make a few points on the back end and it fell through. Was this a GM dealer on a new car?
__________________
Cars and women are both going to give you problems...but you can pay somebody else to fix your car!
toesuf94 is offline   Reply With Quote
Old 12-01-2011, 04:46 PM   #7
DS1937
DS1937
 
DS1937's Avatar
 
Drives: 2SS/RS M6
Join Date: Jul 2009
Location: Long Island, New York
Posts: 284
Sounds like BS to me. How did they give you insurance? I can't believe they could legally take the car back like that. Did you finance it through the dealer? Are you sure your ex didn't get involved somehow?
__________________
DS1937 is offline   Reply With Quote
Old 12-01-2011, 04:48 PM   #8
SSOOCH
Camaro SL,UTs
 
SSOOCH's Avatar
 
Drives: 2010 Camaro SS/RS #16429
Join Date: Sep 2006
Location: South Jordan, UT
Posts: 7,424
We need Details CHEECH!!
__________________
SSOOCH is offline   Reply With Quote
Old 12-01-2011, 04:51 PM   #9
mark2526
 
mark2526's Avatar
 
Drives: Fast
Join Date: Sep 2010
Location: In Here
Posts: 32
Wow!
mark2526 is offline   Reply With Quote
Old 12-01-2011, 04:52 PM   #10
cheech4235
 
cheech4235's Avatar
 
Drives: 2011 2SS Black RS
Join Date: Nov 2011
Location: Illinois
Posts: 96
This is from a Chevy dealer. I have Insurance through state farm and was covered as soon as I picked up the car and I have the new cards already. They dont have the car back yet but want me to bring it in again. My ex lives in town and I wouldnt put it past her to know someone there and pull some strings, or other things.
cheech4235 is offline   Reply With Quote
Old 12-01-2011, 04:53 PM   #11
cheech4235
 
cheech4235's Avatar
 
Drives: 2011 2SS Black RS
Join Date: Nov 2011
Location: Illinois
Posts: 96
I am going to call the bank!
cheech4235 is offline   Reply With Quote
Old 12-01-2011, 04:54 PM   #12
SSOOCH
Camaro SL,UTs
 
SSOOCH's Avatar
 
Drives: 2010 Camaro SS/RS #16429
Join Date: Sep 2006
Location: South Jordan, UT
Posts: 7,424
Good luck. Let us know Buddy!
__________________
SSOOCH is offline   Reply With Quote
Old 12-01-2011, 04:56 PM   #13
steveo9043

 
steveo9043's Avatar
 
Drives: 2012 45th AE 2SS Coupe
Join Date: Sep 2011
Location: Chicago IL
Posts: 1,134
Ive heard of this happening. I forgot what its called but i think its called spot financing. They make u believe you are financed when you aren't. They are hoping you do but sometimes it doesn't work.

I know of a Chevrolet dealership in fox lake who is known for that. What dealership was this at if u dont mind me asking. Send it in a PM if you feel more comfortable with that.

worst horror story i have heard is this happening and the dealership selling the trade in vehicle already.
steveo9043 is offline   Reply With Quote
Old 12-01-2011, 04:57 PM   #14
2010SS2SS

 
2010SS2SS's Avatar
 
Drives: 2010 Camaro SS 2SS
Join Date: Aug 2009
Location: Cypress, texas
Posts: 1,334
Quote:
Have you contacted the financial institution who the loan is through? See what they have to say
If its not been approved then there is NO finance institution to contact. Most states have a bailment agreement that allows and discloses the dealer owns the car until the financial contract is cashed by the lender. Other states like Minnesota and Texas have laws that state if the dealer presents a contract and you take delivery it is a DONE deal.
These states usually will not do what is known as a "spot delivery".

Heres a link:

http://illinoisattorneygeneral.gov/c...ew_vehicle.pdf
2010SS2SS is offline   Reply With Quote
Old 12-01-2011, 05:23 PM   #15
cheech4235
 
cheech4235's Avatar
 
Drives: 2011 2SS Black RS
Join Date: Nov 2011
Location: Illinois
Posts: 96
Thanks for the link. It explains alot.
Looks like I might be giving the car back. Good thing I kept the stock mufflers.
If they dont buy the axle-back or black outs, they will be coming off and get the car back with the stock mufflers in the trunk.
I will miss her though.
Now I just have to find money somewhere for the ZL1. LOL
The dealer just called and is still trying to get me financed even if I have to use my Dodge Ram as collateral.
I will not pay more for financing or a down payment. I signed a deal for a certain amount.
cheech4235 is offline   Reply With Quote
Old 12-01-2011, 05:25 PM   #16
steveo9043

 
steveo9043's Avatar
 
Drives: 2012 45th AE 2SS Coupe
Join Date: Sep 2011
Location: Chicago IL
Posts: 1,134
I do not blame you for not wanting to spend more. Is there any chance of a co signer?

I dont know your credit history or anything but my score is around 660 and with 1500 down I got 5.5% financing on 72 months. Being 23 with not a long credit history I thought that was great.
steveo9043 is offline   Reply With Quote
Old 12-01-2011, 05:43 PM   #17
cheech4235
 
cheech4235's Avatar
 
Drives: 2011 2SS Black RS
Join Date: Nov 2011
Location: Illinois
Posts: 96
I am at 6.9% (or was at) for 72mo. and am looking for a cosigner now.

Thanks for all the help

will keep you posted.
cheech4235 is offline   Reply With Quote
Old 12-01-2011, 05:48 PM   #18
gman1970
gmans 10
 
gman1970's Avatar
 
Drives: 2010 victory red ls
Join Date: Apr 2011
Location: chicago
Posts: 288
Quote:
Originally Posted by steveo9043 View Post
Ive heard of this happening. I forgot what its called but i think its called spot financing. They make u believe you are financed when you aren't. They are hoping you do but sometimes it doesn't work.

I know of a Chevrolet dealership in fox lake who is known for that. What dealership was this at if u dont mind me asking. Send it in a PM if you feel more comfortable with that.

worst horror story i have heard is this happening and the dealership selling the trade in vehicle already.
i betting its raymond
__________________
k&n intake,borla catback
trifecta tune, doug thorley headers
gman1970 is offline   Reply With Quote
Old 12-01-2011, 06:07 PM   #19
ron10


 
Drives: 2010 2SS IOM L99
Join Date: Jan 2010
Location: LOUISVILLE,KY..
Posts: 7,317
i think a co-signer might be your way out of this.
ron10 is offline   Reply With Quote
Old 12-01-2011, 08:34 PM   #20
toesuf94


 
toesuf94's Avatar
 
Drives: THR #11 E-force supercharged
Join Date: Jul 2008
Location: Cedar Rapids, IA
Posts: 4,811
Send a message via MSN to toesuf94
0% on convertibles!!!
__________________
Cars and women are both going to give you problems...but you can pay somebody else to fix your car!
toesuf94 is offline   Reply With Quote
Old 12-01-2011, 09:09 PM   #21
2010SS2SS

 
2010SS2SS's Avatar
 
Drives: 2010 Camaro SS 2SS
Join Date: Aug 2009
Location: Cypress, texas
Posts: 1,334
Try a local credit union? If you have one available thru your employer..
Lot of them have open enrollment
2010SS2SS is offline   Reply With Quote
Old 12-01-2011, 09:15 PM   #22
C@m@roLVR
 
C@m@roLVR's Avatar
 
Drives: 2011 Camaro
Join Date: Sep 2011
Location: Springfield IL/ Buckhannon WV
Posts: 90
Keep those aftermarket receipts!
C@m@roLVR is offline   Reply With Quote
Old 12-01-2011, 09:23 PM   #23
2010SS2SS

 
2010SS2SS's Avatar
 
Drives: 2010 Camaro SS 2SS
Join Date: Aug 2009
Location: Cypress, texas
Posts: 1,334
Pull the aftermarket stuff off before you return it. Not gonna get anything from the dealer for it and can atleast use it recover some money. Or sell it to put more down, might help...
2010SS2SS is offline   Reply With Quote
Old 12-01-2011, 09:24 PM   #24
L99CAMA2011


 
L99CAMA2011's Avatar
 
Drives: One of the baddest handling Gen 5s
Join Date: Feb 2011
Location: Masachusetts
Posts: 2,506
Quote:
Originally Posted by C@m@roLVR View Post
Keep those aftermarket receipts!
Dealerships suck , that's why I screw them . Contact Becky Chevrolet on here and see if they can help you out of this.
L99CAMA2011 is offline   Reply With Quote
Old 12-01-2011, 09:25 PM   #25
cheech4235
 
cheech4235's Avatar
 
Drives: 2011 2SS Black RS
Join Date: Nov 2011
Location: Illinois
Posts: 96
I have done a little more research. The scam is called spot delivery. Anyone looking to buy a new car should google it. They take advantage of people with bad credit by letting them drive off thinking they own the car and then try to get you to pay more in financing or more of a down payment after telling you they want the car back.

They said they misplaced the second key and had to order a new one and it hasn't come in yet. That should have been my first clue.

My girlfriend already got rid of her car so she will be without a car if I give it back.

I havent mentioned the dealer yet, but I will once I give the car back and the original deal has fallen through.
cheech4235 is offline   Reply With Quote
 
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
5th Gen Suspension -- The Book JusticePete Suspension / Brakes / Chassis 148 09-04-2013 02:28 PM
How to Choose the Best Car Cover for Your Camaro Junkman2008 Cosmetic Maintenance: Washing, Waxing, Detailing, Bodywork, Protection 24 10-02-2012 08:12 AM
Just for fun take a walk down memory lane Beandip2811 General Automotive + Other Cars Discussion 15 08-09-2009 09:26 AM
2010 Chevy Camaro SS Indy 500 Pace Car Drive linkwpc Camaro Photos | Spyshots | Video | Media Gallery 0 05-23-2009 09:47 PM
Looking for a new dealer.... (Dealer Transcript) GreySteele06 Camaro Price | Ordering | Tracking | Dealers Discussions 41 12-18-2008 05:42 AM


All times are GMT -5. The time now is 11:39 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.