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My son purchased a used car today The car listed for 18500 He was trading a jeep that he owed no money on and the dealer agreed to give him 1000 for a trade In your mind this equals financing 17500 H?
Wiki User
∙ 10y ago
You need to be more concise so that you can get to your actual question before you run out of room. However I think I can guess what it would have been.
Assuming the trade in was his only credit and he didn't put any money down, there are several reasons the financing might have been for more than 17500.
First, 18500 is not an all-inclusive off-the-lot price. There are other fees and expenses that need to be taken care of. Taxes, for example. Many dealers also handle registration, so those may have been added to the amount being financed.
I recommend going to the dealer with the finance agreement and asking for a detailed explanation (if it's not already on there). If the dealer can't satisfactorily explain where the additional charges come from, then ask for them to be corrected. If the dealer refuses, then I'd let them know that they can either explain to you now, or explain to the Better Business Bureau and whatever agency handles car dealerships in your state later. If they're still obstinate, then go ahead and report them to both those places (at least; you might want to notify the local TV news also ... a lot of them have a consumer protection segment that might be interested).
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∙ 10y ago
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