I bought/financed a used car about a month ago. I made a 4K downpayment the day when I purchased the vehicle, but because I wasn’t planning on buying the car that day I didn’t bring in my old car for trade-in. My dealer gave me 6k for my old car without taking a look at it because I provided my old car’s insurance with VIN info. However when they pulled my credit and got me a finance, the agreement loan amount didn’t include the 6k trade-in value (which was understandable because I didn’t bring my car in yet). I brought my car in two days later and signed a bunch of paperwork, and on the spot I made sure to ask the finance guy that this 6k is going into my principle that day. He said yes. However I didn’t get any form or copy of confirmation, because the dealer guy said I would receive a packet in the mail. I received my finance packet from the bank yesterday and the 6k was not applied to the principle, and it’s been a month since I brought my car in when they were supposed to do so. I will be contacting the dealership today to see how they’ve made this mistake on their side, but was wondering how should I investigate the process and the extra interest that has already been added to my principle for the past month because of the extra 6k. Right now I do not have any form of proof that I traded in my car for 6k, but the dealer has my signed title for transfer for my old car.
Any help/suggestion is appreciated. Thank you!
Submitted July 10, 2018 at 07:20AM by Lmnsmmr https://ift.tt/2NGMuzl
