Backing out from the deal - need advice?

[bebangs]

The dealer keeps changing the price.

at first, they texted me the promo downpayment was 45k.
Then it became 80k after a few clarifications, so i paid the 5k reservation. price seems reasonable.
I came back with all the documentations, i signed all the papers. Total downpayment price became 90k.
Few days later, Car was now shipping out from manila should arrive by tomorrow.
I asked them to email me the final quotation with undercoating it became 92k.
So I went to the bank and got the 92k Managers check.
Everything approved, all requirements/documentations met.
They called again because it's a quotation for a wrong car - the correct amount should be 112k.

WTF!!!

i want to back out from this deal now. can get my reservation back?
is there a proper way to get out of this deal?

[_Cathy_]

Just tell them. Giving you the wrong quotation is enough reason for you to back out. My friend was able to cancel a reservation she made with Honda Magallanes I think.

Or you can try anf your SA to just give you the 92k price for you to push through with the transaction

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[yebo]

tell them 92k or no deal. ganun lang kadali yan. they made the mistake not you so you can actually play with them, they are at your mercy. pag ayaw nila then tell them you want your 5k back.

make sure you have a copy of the quote for 92k.

[dr. d]

are you getting irritated because they keep changing the down payment amount?
are you getting cold feet because you suspect some hanky panky going on?
then demand your money back. show them their original quoted figures that they gave you... and tell them.."either this, or i'm out!"

but if i were me, i'd take deep breaths first, and... compute the figures.. it might just be true... their accountant went on vacation, and the wimp that covered for him made a mistake. or something like that.
the downpayments and the monthlies and the other hidden charges... how do the final amounts compare?

i wouldn't quibble with the down payment too much, because that's the easiest part of the deal. it's the monthlies that will grate on your nerves.
the bigger the down payment, the smaller the rest of the debt that has to be paid.

and if i may be so bold... if the increasing down payment quotes send a financial quiver up your spine... you might not be financially ready to buy a car, sir.

errr... may we know, what car are we talking about?

[shadow]

Kung aka yan 2nd time nagbago pagbigyan ko pa. Third time I'll cancel the purchase.


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[dreamur]

Higher DP always results to lower monthly amortization. So what is your pleasure?

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[cast_no_shadow]

Low DP is a for me is a snakepit but that's me.

Pero for some its a good deal and worth gettin.

If properly accounted naman kaya may increase baka may typo error mga prior quotes pinadala sayo then it's okay, (funny thing is strike 2 sila sa mali)

usually naka template na yan. Since excited sa benta mga SA minsan hindi na fully reviewed.

Sure ka ba sa undercoating? Added gastos lang yan.

What car?

Which dealer?


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[KenGarcia]

Low DP is a for me is a snakepit but that's me.

Pero for some its a good deal and worth gettin.

If properly accounted naman kaya may increase baka may typo error mga prior quotes pinadala sayo then it's okay, (funny thing is strike 2 sila sa mali)

usually naka template na yan. Since excited sa benta mga SA minsan hindi na fully reviewed.

Sure ka ba sa undercoating? Added gastos lang yan.

What car?

Which dealer?


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Akala kasi siguro nila nakamura sila kasi 50K down lang may kotse na. May mga tao na kahit na pakitaan mo ng figures ng matitipid nila in the long run eh hindi padin convinced na mag down ng mas mataas. Sabagay pera naman nila yun.


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[unmarked]

Classic bait and switch maneuver yan ng car salesmen. Only, presyo ang pinalitan hindi modelo. Kung ako sayo back out na ko.

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[StockEngine]

Nagkamali?.. complain sa upper managment ng dealer yan. Who wants to pay for his mistake? Wasting your precious time... ask for another SA. There are succesful SA's and then there are SAs that should be looking for other jobs.

[1D4LV]

labo nyan.
but all you can do is backout.
if necessary, write a letter to the dealer which i think is required to process the return of the reservation fee.

[bebangs]

labo nyan.
but all you can do is backout.
if necessary, write a letter to the dealer which i think is required to process the return of the reservation fee.

called the other dealer 2 weeks ago. they said to send a cancellation letter to begin the refund process, it should take 2 weeks. mas mabuti pa daw sa kanila na lang ako kukuha kasi malaki daw ang hinihingi nila.

well it's been to weeks now, im starting to think goodbuy to that 5k.

where can i complain this? labu nila. kung walang refund, baka parang modus to nila. I will give them a call by the end of the week.

[Walter]

You can complain to DTI. Deposits should be refundable, it just takes a while.

[Stigg ma]

You can complain to DTI. Deposits should be refundable, it just takes a while.

hindi pa nag kaka bentahan nag kaka lokohan na, ano tawag pag pinipilit ka bumili??? EXTORTION!

[ninjababez]

called the other dealer 2 weeks ago. they said to send a cancellation letter to begin the refund process, it should take 2 weeks. mas mabuti pa daw sa kanila na lang ako kukuha kasi malaki daw ang hinihingi nila.

well it's been to weeks now, im starting to think goodbuy to that 5k.

where can i complain this? labu nila. kung walang refund, baka parang modus to nila. I will give them a call by the end of the week.

bro medyo matagal talaga yan. it usually takes 2 - 3 weeks lang; problema sa situation mo, di ka nag decide agad na i-refund PLUS dumaan ang holy week (kung nagbigay kana ng letter of refund request before holy week).

[zoomzoom]

Lokohan na yang nangyayri, IMO.

[jut703]

First, I think low down deals are one of the shrewdest money making schemes ever created, yet people believe it's a godsend. It feeds on the greed and materialism of people, wanting a car NOW, no matter how exorbitant the loan payments are for the next 5 years.

The fact that the dealership increased your DP means that your monthly payments (incl. interest) will be decreased.

However, if for some reason or another you prefer to get the low down option despite the crazy interest, then just walk away. You don't need to commit to a deal you don't want. Make a letter to pull out the reservation fee you paid, should take about 2-5 weeks to process.


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[StockEngine]

First, I think low down deals are one of the shrewdest money making schemes ever created, yet people believe it's a godsend. It feeds on the greed and materialism of people, wanting a car NOW, no matter how exorbitant the loan payments are for the next 5 years.

The fact that the dealership increased your DP means that your monthly payments (incl. interest) will be decreased.

However, if for some reason or another you prefer to get the low down option despite the crazy interest, then just walk away. You don't need to commit to a deal you don't want. Make a letter to pull out the reservation fee you paid, should take about 2-5 weeks to process.


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I think we should create an anti-low downpayment thread. Hahaha. Meron pa zero down payment. Monthly bills would be huge. 😑😑😑😑😑😑

[bebangs]

I threw all the paper quotations since i no longer need them. I signed the papers n bought the car already. What could go wrong? Pfft! I still have the text & the supposedly final 3different email quotations.

What irked me the most is that i lost time, money n opportunity. I missed out on the 5yr 24% promo from vios or the cheaper 2015 innova. Yesterday was the lastday promo for vios & no more stocks for cheaper innova. Two weeks ago, I ordered vios but changed last minute because of this dealer.

Now im back to square 1, autodeal hunting again. Will try to sort this out by monday n get my reservation back. Still hoping they would honor their deal. I hate going back there. What im afraid is the fallout from all these ****.

Sigh....

[bebangs]

First, I think low down deals are one of the shrewdest money making schemes ever created, yet people believe it's a godsend. It feeds on the greed and materialism of people, wanting a car NOW, no matter how exorbitant the loan payments are for the next 5 years.

The fact that the dealership increased your DP means that your monthly payments (incl. interest) will be decreased.

However, if for some reason or another you prefer to get the low down option despite the crazy interest, then just walk away. You don't need to commit to a deal you don't want. Make a letter to pull out the reservation fee you paid, should take about 2-5 weeks to process.


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I didnt get the low down option. Wanted the low monthly option. Yung low down, malaki naman ng interest. They gave me huge discounts on dp then threw it all out the window.

The vios promo though is really a legitimate promo. No catch, plain and simple:
Toyota Vios 1.3 E MT with a P15,572 all-in downpayment promo from Cebu | *****************

Discounts range from 24 to 26% 5yr interest depending on dp or model. Too bad yesterday was the last day for reservations. Will probably wait till december again for this to show up again.

Ganito na promo ayos talaga. Yung iba. Low dow big monthly wala namang discounts at all.