Car dealer changing terms of deal after purchase?
February 4, 2010 12:29 PM Subscribe
A few days ago, I traded in two cars at a Toyota dealership. I signed contracts detailing trade-in, down payments, and monthly payments.
Today, the dealership called and said that Toyota Financial wants a bigger down payment, and to remedy the situation, they will issue me a credit card for XX dollars, but my monthly payments will be reduced by XX dollars, so in the end I will be paying the same amount.
Is this a scam? Or is the dealer just trying to maximize their profit? Is this a common practice? Can the dealer nullify the contracts and force me to return these cars?
Any insight would be greatly appreciated.
posted by redbed to Shopping (27 answers total) 1 user marked this as a favorite