Interesting question for all. Would like ALL input but I understand it is completely my decision.
For those that read the beach and water section I have a new truck. Picked it up yesterday. That is the good news. The bad news is the DEALER LIED in order for me to get it. I know time to explain.
I told them to run the loan through my credit union. They did. It was DECLINED. My credit is 766. 100% on time and paid. However, I own a home in Michigan outright and I just bought a 90 thousand dollar home in Utah for a daughter. On top that I have three car loans and two personal loans, and over 10 credit cards, because I am helping some of my daughters. All of this is in my name. I told the dealer my income and my credit union got the information and said I was over extended. I understood and was going to wait till my daughters and I paid off a few things.
However the dealer called me back and said they got me approved with another credit union. I thought great and said bring the truck up from Ohio. They got it, I went and looked at it and told them I would buy it. So far all is good. Here it comes.
in signing ALL the paperwork they gave me a paper stating my income. They had my income at 6900.00 a month. WRONG. My income is 3645.00 a month. I told them it was wrong and the salesman went back to the finance manager. I went outside to talk to my friend and I was thinking the deal was off.
The salesman came back and said come and sign the rest of the papers. They corrected the paper and I signed the rest of them and drove off with my new ride. Told me the finance manager had fat fingers.
I go diving and my neck is hurting very bad and have to quit. I am laying in the boat thinking about the transaction. I decided to call the credit union that approved me. Talked to a very nice lady that is a loan manager. I told her the story. She took my information down and looked up my loan. They approved it only because my income was stated at 6900.00 a month. She said I possibly committed fraud. I said NO, I told the dealer the truth. I found out the dealer didn't contact the credit union after he changed the paperwork to the right numbers. It even gets worse than that.
So the credit union told me they have to contact their legal department. This was last night. Today I go to my credit union to ask what numbers the dealer gave them. They gave them my correct income at 3645.00 a month. So now I know after my credit union declined the loan, the dealer inflated my income to push the loan through the other credit union. BOGUS.
I know there is absolutely no buyers remorse. I can't take the truck back, however the credit union stated they can still decline the loan since it was gotten by fraud by the dealer. I don't need the truck. My 2008 Avalanche works just fine. I don't believe in getting anything under false pretenses. The credit union did say I have the decision to make.
My feeling is SCREW the dealer. IF they had done this to someone that really needed a vehicle and they couldn't afford it, the vehicle would sooner or later be repossessed. The dealer can't sell the truck as new anymore since it was registered and I don't want them getting away with fraud. I do have a copy of the right paperwork which I signed. Oh and one last thing. On the dealers paperwork the page you sign does NOT have your income on it. Your income is on the first page which has no room for a signature or initials. Another BIG NO in anyone's eyes. When I bought my daughters house I had to initial or sign every single page.
My second thought is keep it if the credit union lets me since I know I can make the payments. It just doesn't seem right to me though. More trucks are out there and I can wait till my Avalanche is paid off and my daughters credit is high enough her vehicles, credit cards, and house can go in their names and not show on my credit.
I know this is long and luckily I saw the mistake BEFORE I signed. The dealer not calling the credit union AFTER they supposedly had fat fingers tells me it was done on purpose to sell a new vehicle.
The whole thing STINKS in my eyes and I want no part of the dealers scheme.
Sorry so long. I hope I was clearer than mud.
For those that read the beach and water section I have a new truck. Picked it up yesterday. That is the good news. The bad news is the DEALER LIED in order for me to get it. I know time to explain.
I told them to run the loan through my credit union. They did. It was DECLINED. My credit is 766. 100% on time and paid. However, I own a home in Michigan outright and I just bought a 90 thousand dollar home in Utah for a daughter. On top that I have three car loans and two personal loans, and over 10 credit cards, because I am helping some of my daughters. All of this is in my name. I told the dealer my income and my credit union got the information and said I was over extended. I understood and was going to wait till my daughters and I paid off a few things.
However the dealer called me back and said they got me approved with another credit union. I thought great and said bring the truck up from Ohio. They got it, I went and looked at it and told them I would buy it. So far all is good. Here it comes.
in signing ALL the paperwork they gave me a paper stating my income. They had my income at 6900.00 a month. WRONG. My income is 3645.00 a month. I told them it was wrong and the salesman went back to the finance manager. I went outside to talk to my friend and I was thinking the deal was off.
The salesman came back and said come and sign the rest of the papers. They corrected the paper and I signed the rest of them and drove off with my new ride. Told me the finance manager had fat fingers.
I go diving and my neck is hurting very bad and have to quit. I am laying in the boat thinking about the transaction. I decided to call the credit union that approved me. Talked to a very nice lady that is a loan manager. I told her the story. She took my information down and looked up my loan. They approved it only because my income was stated at 6900.00 a month. She said I possibly committed fraud. I said NO, I told the dealer the truth. I found out the dealer didn't contact the credit union after he changed the paperwork to the right numbers. It even gets worse than that.
So the credit union told me they have to contact their legal department. This was last night. Today I go to my credit union to ask what numbers the dealer gave them. They gave them my correct income at 3645.00 a month. So now I know after my credit union declined the loan, the dealer inflated my income to push the loan through the other credit union. BOGUS.
I know there is absolutely no buyers remorse. I can't take the truck back, however the credit union stated they can still decline the loan since it was gotten by fraud by the dealer. I don't need the truck. My 2008 Avalanche works just fine. I don't believe in getting anything under false pretenses. The credit union did say I have the decision to make.
My feeling is SCREW the dealer. IF they had done this to someone that really needed a vehicle and they couldn't afford it, the vehicle would sooner or later be repossessed. The dealer can't sell the truck as new anymore since it was registered and I don't want them getting away with fraud. I do have a copy of the right paperwork which I signed. Oh and one last thing. On the dealers paperwork the page you sign does NOT have your income on it. Your income is on the first page which has no room for a signature or initials. Another BIG NO in anyone's eyes. When I bought my daughters house I had to initial or sign every single page.
My second thought is keep it if the credit union lets me since I know I can make the payments. It just doesn't seem right to me though. More trucks are out there and I can wait till my Avalanche is paid off and my daughters credit is high enough her vehicles, credit cards, and house can go in their names and not show on my credit.
I know this is long and luckily I saw the mistake BEFORE I signed. The dealer not calling the credit union AFTER they supposedly had fat fingers tells me it was done on purpose to sell a new vehicle.
The whole thing STINKS in my eyes and I want no part of the dealers scheme.
Sorry so long. I hope I was clearer than mud.