FlexBaud
Happiness Again
Premium
join:2004-10-06
Pensacola, FL
clubs:
 ·Cox HSI
edit:
July 8th, @03:47AM
| reply to FlexBaud
Re: [Help] Dealership Cosigning????
Well,
This dealership has been nothing but nightmares.
First, they did not give a copy of the contract at signing. Second, $2000 was put down and at signing, it was agree'd that they would wait 30 day's to cash the 2nd check. Got a phone call saying they needed the check sooner. Told them this was not possible and they could have the car back... they agree'd to wait until the orgional date.
Several days later, went to use debit card and it would not work. Checked checking account and noticed they cashed BOTH checks and had $600 in overdraft fee's. Went to dealership and they offered to pay the $600 overdraft fee's, but did not want to give the 2nd check back until orgional date. After lots of yelling at the dealership, they agree'd to give back the check and to give a copy of the contract to customer.
Customer then asked for a letter to be typed stating that this was a error on THEIR part for the customers bank to keep the account in good standing as the account was put on hold due to all of this. The dealership printed the name of the customer wrong on the paper and customer spent 15 minutes telling them their name.
Not to mention, the customer was told that GAP and extended insurance was required (by the bank) and would be added at no extra charge but after getting a copy of the contract 3 weeks later, noticed they charged $2500 for these.
The dealership is NOT listed as "buyer 2" on the contract so I don't see how they were able to "cosign"
Either way, this has been a nightmare from hell.... It's just about time to see a lawyer. |
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Hall
Premium,MVM
join:2000-04-28
Dayton, OH
| said by FlexBaud  : * First, they did not give a copy of the contract at signing. * ...it was agree'd that they would wait 30 day's to cash the 2nd check. * Got a phone call saying they needed the check sooner. Told them this was not possible and they could have the car back... * ...they cashed BOTH checks and had $600 in overdraft fee's. * ...did not want to give the 2nd check back until orgional date. * The dealership printed the name of the customer wrong on the paper and customer spent 15 minutes telling them their name. * ...the customer was told that GAP and extended insurance was required (by the bank) * ...and would be added at no extra charge but after getting a copy of the contract 3 weeks later, noticed they charged $2500 for these. Sounds like a fine, upstanding, and honest dealership there !!  |
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chevyrulz0991
@comcast.net
| reply to FlexBaud
Go talk to a lawyer. Any dealership saying GAP is required, at least here in MD is lying, and that is very illegal.
This sounds like one big mess. I wouldve called the bank screaming if the check was dated for a certain date, and cashed before that.
This was a huge hassle it sounds, something that shouldve been Ended long ago with the return of the car, and taking business elsewhere. |
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dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
| reply to Hall
said by Hall :said by FlexBaud : * First, they did not give a copy of the contract at signing. * ...it was agree'd that they would wait 30 day's to cash the 2nd check. * Got a phone call saying they needed the check sooner. Told them this was not possible and they could have the car back... * ...they cashed BOTH checks and had $600 in overdraft fee's. * ...did not want to give the 2nd check back until orgional date. * The dealership printed the name of the customer wrong on the paper and customer spent 15 minutes telling them their name. * ...the customer was told that GAP and extended insurance was required (by the bank) * ...and would be added at no extra charge but after getting a copy of the contract 3 weeks later, noticed they charged $2500 for these. Sounds like a fine, upstanding, and honest dealership there !! Sounds like one of those buy here pay here lots.
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When I gez aju zavateh na nalechoo more new yonooz tonigh molinigh - Ken Lee |
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CylonRed
Premium,MVM
join:2000-07-06
Bloom County
 ·Speakeasy
| reply to chevyrulz0991
Actually - it is not up to the bank to look at the date and see what the date was and if it should be cashed - it would be up to the dealer/business to submit it properly. Dealer probably uses a lockbox and those are not completely processed by humans.
For the bank it is simple - it gets a check and it cashes it when it is submitted. For some banks the tellers are not even allowed to reject a check for ANY reason - they want to let the proof department catch those issues. Why - I don't know but that is how it was when I worked 3 years in a proof dept.
However - having a verbal agreement with a business to not cash a check is nothing more than a lit firecracker - in this case it went off. I know of no business that I have ever dealt with that would hold off on depositing a check. |
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KrK
Heavy Artillery For The Little Guy
Premium
join:2000-01-17
Tulsa, OK | reply to FlexBaud
BTW never write a check then ask someone to "hold" it. If you don't have the money, don't write the check.
If you don't mind me asking, what type of car is it and what year? I'm thinking the dealership is trying to make a ton off someone. |
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