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Parkway Family Mazda

Parkway Family Mazda

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by: StartingOver Active Indicator LED Icon 1 OP 
~ 9 years ago   Oct 23, '14 4:32pm  
My daughter and son-in-law traded in a pickup and bought a new car two months ago. Now they said the financing didn't go through and they have to bring the car back. Meanwhile their truck payment has not been paid in two months. Today the said they will charge him with grand theft auto of they don't bring the car back. I think this is pretty chicken poop.... 4951
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KTownTexican Active Indicator LED Icon 11
~ 9 years ago   Oct 23, '14 4:39pm  
call a lawyer!!!If he has documents, of the sale. He needs to contact the bank immediately and send them copies. The bank will then notify the car dealership that they need to pay for his truck he sold/traded in. Counter their threat that they took your car and you want it back, plus the money they owe him.or go to a bank and get a pre-financed check.I think someone dropped the ball at the dealership.Another reason to never get a loan from a dealership. Pre approval is the way to go. 4951
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mm4731 Active Indicator LED Icon 13
~ 9 years ago   Oct 23, '14 4:45pm  
[ Removed By Request. ] 4951
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ET Active Indicator LED Icon 17
~ 9 years ago   Oct 23, '14 4:46pm  
Yeah, unless something was falsified sounds like you have a pretty good case. 4951
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Mccrj Active Indicator LED Icon 2
~ 9 years ago   Oct 23, '14 4:55pm  
tough to hear, most of the time this is within a week or two but not 2 months down the roadhttp://www.realcartips.com/carloans/405-car-financing-spot-delivery-scam.shtmlWhat to do if Your Financing Falls Through?One of the most common car dealer tricks is called the Spot Delivery Scam. This is when the dealer arranges the financing, lets you take the car home, then calls you up several days later informing you the financing fell through and you need to bring the car back. When you're back at the dealership, they'll ask you to sign a new loan at a higher interest rate and possibly a bigger down payment to qualify for the new terms. The consumer is left confused because they assumed everything was fine. They had signed the purchase agreement and took the car home - how could this be? What they didn't realize was the agreement was contingent on the financing being approved. In the meantime, the car buyer has been driving the car around and showing it off to friends and neighbors. They may have even traded their old car and the dealer has sold that off too! So now the car buyer is in a really bad spot. At this point, they either have to sign the new terms or return the vehicle. The dealer knew you would never be approved for the loan and that you'll likely sign the new terms to get it over with. It's easy profit for the dealer. This scam is pulled mostly on people with bad credit. Dealers know these consumers don't have many options so they take advantage of the situation. How to Prevent the Spot Delivery ScamYour first line of defense against this scam is to get your own car financing pre-approved before going to the dealership (Get pre-approved at AutoCreditExpress). You should do this anyway if you want to get the best auto loan terms. If you have your own financing lined up, you don't have to worry about getting the dreaded "financing fell through" call. If you do get financing through a dealer (you should only do this if they can beat your best rates), then ask to see the loan approval. You may be told by some dealers that the lender agreement is confidential. This should be a red flag. If a dealer asks you to sign a "borrowed car agreement" (BCA) along with the purchase agreement, this is almost always because the loan has not been approved. Again, ask to see the loan approval before taking the vehicle home. What to Do If You Already Got ScammedSometimes, there are legitimate reasons why a financing deal may fall through. If you purchase a car after-hours or on the weekend, the loan may not be approved until the following day or until the first business day. This is rare though since most lenders have fully automated approval systems in place. In most cases, a dealer should know whether you're approved within seconds. Even if there was an honest mistake and the financing falls through, a reputable dealer should incur the costs since the buyer was not at fault. But let's assume you got the call from the dealer telling you the financing fell through. Here are your options: Sign a New Loan AgreementReturn the VehicleGet Your Own FinancingIf you negotiated a good price on the vehicle, your best bet is to try to get financing on your own. Don't trust the dealership to get you a new loan - they already proved to be deceitful and are not likely to get you a good loan deal. If you can't get financing on your own, consider the new rates and decide if it's worth it. If not, you are legally allowed to return the vehicle and get any payments or fees returned back to you. Consider this a lesson learned and make sure you get pre-approved next time before taking delivery of the vehicle. 4951
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herron1345 Active Indicator LED Icon 16
~ 9 years ago   Oct 23, '14 5:15pm  
@StartingOver....Definitely sounds shady, dude......Take that shizzle to Aiken fo' sho'.........Or contact Local 2 Investigates.... 4951
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Fallon Active Indicator LED Icon 18
~ 9 years ago   Oct 23, '14 5:18pm  
Removed By Request 4951
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StartingOver Active Indicator LED Icon 1 OP 
~ 9 years ago   Oct 23, '14 5:58pm  
We have called and emailed click2hoiston. They are trying to scare them by saying they are going to report it as stolen. They gave them the contract and handed them the keys. They showed proof of insurance. The salesman failed to follow up on his end. The least they should do is get his truck payments caught up. They dropped the ball. 4951
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BooBear Active Indicator LED Icon 16
~ 9 years ago   Oct 23, '14 6:06pm  
The trade in and new car are 2 separate transactions. The dealerahip is responsible. They agreed to purchase the car. 4951
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dac1842 Active Indicator LED Icon 3
~ 9 years ago   Oct 23, '14 7:39pm  
Call a lawyer. Get quality legal advice. 4951
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ProblemAgain Active Indicator LED Icon 10
~ 9 years ago   Oct 23, '14 8:31pm  
on a thread about cars a while back, i posted a news story about phony car financing that was just like this. the dealer claims the financing didn't go thru and then extorts more money from the buyers by claiming they have to return the car. as long as the dealership sold the car to the buyer and the financing was thru the dealer, it is the dealer who has to supply the financing, not the buyer. the article is on the back pages on the message board 4951
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jls2 Active Indicator LED Icon 7
~ 9 years ago   Oct 23, '14 8:33pm  
Did you speak to the General Manager? I thought that was a family owned dealership. 4951
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ProblemAgain Active Indicator LED Icon 10
~ 9 years ago   Oct 23, '14 8:38pm  
here are a few similar articles:http://cars.about.com/od/buyingadvice/a/The-Spot-Delivery-Or-Yo-Yo-Financing-Scam.htmhttp://www.edmunds.com/car-loan/dont-fall-prey-to-spot-delivery-scams-and-yo-yo-financing.html 4951
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squirtismyboy Active Indicator LED Icon 16
~ 9 years ago   Oct 23, '14 8:42pm  
Wreck the car on the way to the dealership 4951
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StartingOver Active Indicator LED Icon 1 OP 
~ 9 years ago   Oct 23, '14 9:36pm  
I am so very upset with how Parkway has handled this situation. I will continue to fight. They failed to follow up with the financing. They failed to take responsibility for the 2 months of payments that were not made on the traded in pickup. This young couple is out over $800 because of their dealership. So very wrong on every level. The threats that were made. Everything that has transpired this week was totally unprofessional. 4951
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squirtismyboy Active Indicator LED Icon 16
~ 9 years ago   Oct 23, '14 9:57pm  
Let's go TP the dealership 4951
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