Join Date: Jan 2016
location: Where the wind comes sweepin' down the plain
Thanked 16 Times in 16 Posts
You read that right.
I was ready to buy a 2017 Camaro SS Convertible tonight. It was a great price, the only reason I was there. They claimed they have an automated price system and an algo reduces the price based on inventory age, but it went to far on this particular car and on Monday it's going back up about 2k. (They have had it since October, when I saw it on a sunday, so who knows, probably a scam though). It was priced under everyone's trade in estimator and it still has 2 years of bumper to bumper. Seemed like a good bet.
So they thought I was going to trade in my like new Accord, I said no. Loan? No, I'll bring a cashiers/certified check Monday. Oh, ok. So they bring out some paperwork(it was late on a saturday)
First thing says I agree to them accessing my credit info. I said no, they said oh it's just a general form for every purchase. That's reasonable, but I cross out that part anyway before I sign. I tell him I just read that Jalopnik article about dealership loan scams yesterday, people signing loan apps, not buying a car, but finding out they have mystery loans from that dealer. So they bring out more paperwork. At this point I'm thinking, 10 months ago this car sold for 15k more.
So he brings out more paperwork.
"I need you to fill this out"
- "Sorry, I'm not filling out a Credit Loan Application, there is no reason to.
"Oh it's not for a loan, it's because this is the only paper we have that we use to record your personal information for the title"(this is a multi site dealer chain, FYI)
"Then you guys need to get a new form, I'm not signing anything that says loan application when I'm not getting a loan."
"But we need you to sign to verify your information is true, its for the title, like I said we aren't asking for your social so you dont need to worry we cant run credit without it"
"You guys have my drivers license and a copy of it, I told you that is the correct info for the title"
"But we have everyone do this for a purchase regardless, we don't have another form"(or a blank piece of paper, apparently. If he had just written my info down on blank paper, with "I claim this information is true and correct" I would have signed)
"OK, thanks, but I'll have to pass on the car"
And I left. And the worst part is he didn't try to get me back in, which means that probably works so much they don't use another form. He even claimed he had the same discussion with a lawyer who finally came around and signed.
2016 Accord Touring MSM
2016 Mazda CX-5 GT Tech