So I get a call from my cousin last week saying for me to come check out some cars at a tent sale they have going on. Turns out he just started working as a sales guy. Cool. My car got totaled by some idiot a few weeks ago. I need a car, why not look? (I work at home, so I was in no rush for a replacement.) He says the sale is going through Sunday. Since it is Friday I figure I can check out what they have and sleep on it.
The kid shows me some cars. I don't really like what they have going on. I try to get into a couple of models, but just wasn't digging them. I tell him thanks and that I'll let him know. He tells me to wait because he'll get fired if he doesn't let someone else talk to me before I leave. I'm like, "Whatever". He walks away and a minute later his manager comes over and starts in on some high pressure crap. I don't want to cause my cousin problems at his new job, so I try to be nice to the douche. I do tell him flat out that I'm not buying tonight, that I never buy anything on the spot. Well, I'm not sure what happened, but somehow he made me feel guilty or something because I drove away in one of their cars.
I felt I was stuck with the car unless something major went out on it, so I haven't looked into getting out of it. I'm extremely unhappy with it. I never would have purchased this car on my own. The payments are very high (the loan is only like 3 years). I can make the payments, but life won't be fun doing so. In fact, life will be pretty miserable considering some of the other high expenses I have right now (some pretty good coverage health insurance w/ an HSA and student loans being a big part of it).
But it turns out that my loan hasn't been finalized, it seems. Is this a way out without costing me anything and without hurting my credit? So I have been out of town for a few days and I come home to a message of the dealership's loan guy saying that he's been trying to get a hold of me. Apparently he lost some of the papers I gave him (proof of income and personal references). He says he needs them faxed ASAP or else my loan approval that is on hold could be cancelled!
I was ready to bend over and take it up the rear from them, but is this a way out? If the loan is being held up, can they hit me financially or credit-wise for anything if I just turn the car back in and say I want out? I did pay $1000 down, which I don't know if I could get back (if they refuse, I could always try and do a charge back). But that's a lot better than what I thought I would eventually lose if I traded the car in at some point.
Anyway, if anyone knows anything about this stuff, I'd love some help! Thanks.
tl;dr
I was an idiot. Bought a new car I didn't want. Realized I was hosed with no way out. But today I got a message from the finance dude at the dealership saying that they lost the proof of income and references I gave them and if I don't get new copies to them ASAP, the loan approval that is currently on hold will be cancelled. If I don't have a loan, does that mean they don't have a sale and I can just turn in the car without a financial or credit hit? Thanks.
The kid shows me some cars. I don't really like what they have going on. I try to get into a couple of models, but just wasn't digging them. I tell him thanks and that I'll let him know. He tells me to wait because he'll get fired if he doesn't let someone else talk to me before I leave. I'm like, "Whatever". He walks away and a minute later his manager comes over and starts in on some high pressure crap. I don't want to cause my cousin problems at his new job, so I try to be nice to the douche. I do tell him flat out that I'm not buying tonight, that I never buy anything on the spot. Well, I'm not sure what happened, but somehow he made me feel guilty or something because I drove away in one of their cars.
I felt I was stuck with the car unless something major went out on it, so I haven't looked into getting out of it. I'm extremely unhappy with it. I never would have purchased this car on my own. The payments are very high (the loan is only like 3 years). I can make the payments, but life won't be fun doing so. In fact, life will be pretty miserable considering some of the other high expenses I have right now (some pretty good coverage health insurance w/ an HSA and student loans being a big part of it).
But it turns out that my loan hasn't been finalized, it seems. Is this a way out without costing me anything and without hurting my credit? So I have been out of town for a few days and I come home to a message of the dealership's loan guy saying that he's been trying to get a hold of me. Apparently he lost some of the papers I gave him (proof of income and personal references). He says he needs them faxed ASAP or else my loan approval that is on hold could be cancelled!
I was ready to bend over and take it up the rear from them, but is this a way out? If the loan is being held up, can they hit me financially or credit-wise for anything if I just turn the car back in and say I want out? I did pay $1000 down, which I don't know if I could get back (if they refuse, I could always try and do a charge back). But that's a lot better than what I thought I would eventually lose if I traded the car in at some point.
Anyway, if anyone knows anything about this stuff, I'd love some help! Thanks.
tl;dr
I was an idiot. Bought a new car I didn't want. Realized I was hosed with no way out. But today I got a message from the finance dude at the dealership saying that they lost the proof of income and references I gave them and if I don't get new copies to them ASAP, the loan approval that is currently on hold will be cancelled. If I don't have a loan, does that mean they don't have a sale and I can just turn in the car without a financial or credit hit? Thanks.