[OT] Don't buy Mitsubishi!!

[Ashrem Bayle]

I can't believe this.....

About 2 months ago, my wife and I bought a car from Mitsubishi. Part of the package was 12 months deferred payment.

Now.... two months later.

All the contracts have been signed for over two months, and we get a call from them.

Paraphrased:

"We are sorry *laugh*, but we cannot defer your payments for the entire 12 months. We will defer them for 8 instead. HaHa Sucks to be you."

So now they expect us to come down there and resign the papers and expect us to accept the 8 months defferment.

Ummm....

Last time I checked, they where as legally bound to give me that car as I am to make the payments. Right??

 

[Tsyr]

IANAL, but I belive you are correct... If you signed legaly binding papers, they are as bound by them as you are.

Possible exceptions might exist in fine print, though... You might wanna check your contract to see if there is something along the lines of a "Defered payment plan subject to change without notice" line somewhere in it.

 

[jgbrowning]

I can't believe this.....

About 2 months ago, my wife and I bought a car from Mitsubishi. Part of the package was 12 months deferred payment.

Now.... two months later.

All the contracts have been signed for over two months, and we get a call from them.

Paraphrased:

"We are sorry *laugh*, but we cannot defer your payments for the entire 12 months. We will defer them for 8 instead. HaHa Sucks to be you."

So now they expect us to come down there and resign the papers and expect us to accept the 8 months defferment.

Ummm....

Last time I checked, they where as legally bound to give me that car as I am to make the payments. Right??

call your lawyer. no-one here is qualified to give you the advice you need. sorry, about the situation, but you'd be better served doing that.

joe b.

 

[Ashrem Bayle]

Yea. I'll be doing that tonight when I get home.

 

[Ashrem Bayle]

Re: Re: [OT] Don't buy Mitsubishi!!

call your lawyer.
joe b.

I'll be doing that too. I'm not signing anything until I can get their proposal in writing and in the hands of my lawyer.

This ever happened to anyone else?

 

[Tsyr]

Did you just call him anal?

What the heck is IANAL?

I Am Not A Lawyer

 

[Sir Osis of Liver]

Talk to your lawer, and it might help if you tell them you want to consult your attorny before signing anything. They might decide to honor thier aggrement if it looks like they can't sucker you into just giving in.

 

[Zappo]

I agree with Sir Osis. If, as it seems, they are legally wrong, there is a good chance that they'll just give up if you threaten legal action.

 

[Maerdwyn]

IANAL, but - unfortunately there's a chance they may not be legally in the wrong. Morally, they probably rank somewhere below a fiendish rot grub. I've heared of this tactic being used on anyone, not just people with lower-than-excellent credit...

from www.yourwealth.com:

"SCAM #2: The Financing Fell Through Scam. If your credit score is below 680, you could be vulnerable to this rip off. It works like this, you trade in your old car for a new one, and the "LieNance" manager says you were able to qualify at a good APR. Your handed the keys, and two weeks later, you get a call from the dealership saying that you didn't qualify for the interest rate we signed you up for. You re-read your contract, and notice that it has a "subject to financing" clause. Just signing the papers, and driving off with the car doesn't mean the deal is done. They do this to get you to buy the car, and then later you have to fork up more money. They know that otherwise you may not have bought the car; because your payments are lets say $50 higher per month than you thought. BOTTOM LINE, DON'T FINANCE AT THE DEALER if you have bad credit. Go to your own bank or credit union, and you will be better off and avoid this scam. If you must finance thru the dealer, wait until your first monthly payment coupon arrives before taking delivery of the car. DON'T DRIVE OFF WITH THE CAR until you are absolutely sure that the financing has been approved. Believe it or not, this one happens often."


On the other hand, if they don't include that "subject to financing" line, Consumer Reports says in a "Common Scams" article:
"Spot Delivery
You purchased a car, signed all of the financing documents and drove the car home. A few days later, the car dealer called you back and said the financing fell through. You have to either return the car or sign new financing papers that cost you more. This could be a violation of the consumer fraud statutes.
"

 

[Ashrem Bayle]

My only concern is that I'm going to start going over the fine print of our contract and find:

"12 months deferment plan subject to change without notice."

...or somesuch.

If that is the case, I hope the salesman dies drowning in his own feces, because 12 months was written plainly on the printout he gave us that showed our monthly payments and, of course, nothing like that was ever mentioned.