Well this sure sucks...

[Aaron]

Last Tuesday I found a Raptor I wanted at a dealer here in town, and actually bought it (or so I thought). They told me all the financing was in order and everything was good to go, and I took her home with me.

Well yesterday I get a call out of the blue and it's the dealership saying that the financing didn't work out with the terms we had agreed on and that nobody would finance me with the down payment we agreed on since I haven't ever financed a car worth that much. Which is a bit confusing because I make good money and can more than afford any payment they would give me for this truck and gave them proof of that income.

So barring some serious miracle working in the next two days by the finance lady at the dealership I'm trying to buy this truck through. She has been awesome by the way and is busting her ass to help me get this truck. She really likes the military people and tries to take care of them. Despite that, my truck might be going back to them.

I guess maybe I'm naive for thinking that since I am making good money busting my ass over in Afghanistan I should be able to buy a truck that's well within my means. It's really just disappointing to have to be going through this right now. When they told me all of this, I pretty much felt sick to my stomach and still do. This truck has made me happier than just about anything else I've owned, that probably sounds cheesy but it's pretty much true. I love just getting in it and going for a drive, even if it's down to the store to get some stuff for my wife.

It's a ****** situation to be in, because my old truck was stolen a week ago too, so it completely messed up the time line I had set to buy a Raptor. We got the old truck back, completely totaled out, so we need a vehicle. So having to buy something else is going to put off the Raptor for quite awhile, simply because of the price tag and the whole financing issue that I'm sure I'd be dealing with 4-6 months from now anyway.

Sorry, I just needed to vent I guess. My wife doesn't really understand why it's so upsetting to have to give back your dream truck, she just hates that it upsets me to have to do it. I figure if anyone knows how that would feel it'd be you guys.

Thanks for listening, or reading haha.

 

[SPRSNK]

Option 1:
Go beat the shit out of the truck and give it back.

Option 2:
Put more cash down and keep the truck.

Sorry

 

[IRONMAN]

Sorry to hear that Bro.

 

[Phyguy]

Did you sign contracts, etc? Something seems fishy... But, I'm a conspiracy theorist.

 

[A.I.I.Raciing]

Same thing happened to my brother when he bought an 2011 F2505 months ago, it was lifted, rims and tires, exhaust etc etc...Total was like 56K, he put 20K down and drove it home, 4 days later he got a call saying they needed more $ down cause the deal didn't go through on the finance side. He put on a few thousand miles in those 4 days and told them to **** off and they can pick up the truck.
I don't think it has anything to do with debt to income, cause he can more than afford the truck, but the finance department wanted more $ and for some reason 20K isn't enough

 

[Droid]

Beware that this may be a scam. Have seen it done before. I'm not saying it's guaranteed to be one, but some dealers are actually that evil.

As a similar for-instance, friend of mine had a dealer give him a new contract the day after the deal, indicating specifically that it was the exact same contract and that they'd just screwed up the first one. He took them home and compared them, second contract was tremendously more expensive, and they'd gone to great lengths to backsolve such that the payment would come out the same. He sued and won (actually became a class action, dealer was pulling this scam on everyone). This was a large Toyota dealer in socal, purchase was in 1999.

 

[Aaron]

Well I just don't feel right doing option 1 because they are literally bending over backwards for me to help me keep it. Plus I'm just not that kind of person. I've already taken it out and jumped it a few times, but I'm not gonna booger it up for them either. I am going to make sure if it goes back, it goes back on empty though and probably a bit dirty, lol.

I signed all the papers and when I left with the truck I thought I had the deal completely closed out. I don't see anything that really benefits them to give any evidence of them trying to screw me. I've dumped 1000 miles on it since I got it it's the bank that wants to see more $ down before they'll approve. The dealership has been 100% straight up and the only thing I DO find them at fault for in any way is letting me drive off the lot without knowing for sure they could secure the financing for the truck.

ETA: Droid..that's very interesting. Good to know too. I don't think it's happening in this case, but I'll make sure to keep a look out for signs that it is.

 

[HARLEY6LF250SDU]

Well I just don't feel right doing option 1 because they are literally bending over backwards for me to help me keep it. Plus I'm just not that kind of person. I've already taken it out and jumped it a few times, but I'm not gonna booger it up for them either. I am going to make sure if it goes back, it goes back on empty though and probably a bit dirty, lol.

I signed all the papers and when I left with the truck I thought I had the deal completely closed out. I don't see anything that really benefits them to give any evidence of them trying to screw me. I've dumped 1000 miles on it since I got it it's the bank that wants to see more $ down before they'll approve. The dealership has been 100% straight up and the only thing I DO find them at fault for in any way is letting me drive off the lot without knowing for sure they could secure the financing for the truck.

ETA: Droid..that's very interesting. Good to know too. I don't think it's happening in this case, but I'll make sure to keep a look out for signs that it is.

Can I ask what you paid for the Raptor? MSRP Was ?

If the dealer sold it to you for around MSRP They could reduce the selling price and show more $$ down for you. If they want you to keep the truck?

randy

 

[HoustonRider]

$1,000 bucks? thats what holding it up? thats like $20/month.

If you signed something with an APR % on it, its a done deal. Sometimes they will ask you to sign a paper that you are aware that the APR may change, but not exceed x.xx%, but shit, if you have a finance agreement that outlines the price, your down payment and the payment amount for x months, and an interest rate, tell em to get ******.

If they insist, go drop that ************ of a cliff or take it on a Raptor Run and give it back.

(but thats just what I would do) lol.

 

[SOCOMech]

Can I ask what you paid for the Raptor? MSRP Was ?

If the dealer sold it to you for around MSRP They could reduce the selling price and show more $$ down for you. If they want you to keep the truck?

randy

This is what I was thinking. I'm in the thought that it's the dealership's job to make this happen for you, not you coming back with more money to make the deal happen. Dealer's fault, they should do WHATEVER it takes to make sure that beauty stays in your hands.