Hey everyone, yesterday I bought a 2010 Ford Taurus SEL, The vehicle was listed on their website for 8.6 thousand dollars which was affordable for me. I went in, drove it around, and loved it, and so I started to go through the paperwork. This was my first time ever buying a vehicle and I definitely got screwed.
He gave me a paper with the cost of the vehicle and it said 12,250 dollars. I told him that wasnt right and it was listed for 8600 on the website and he responded, "The reason it says 12,250 is because of the interest and the fees being added to the listed price". This made sense as I was taking out a loan for it and put 3000 down. (I think it made sense). So i continued through the paperwork and they had me sign some papers digitally and on of the papers I saw that with interest i was paying 21,000 dollars for this car, so I once again asked him why the price of the car was 12,000 dollars and he told me, "8600 Dollars is for the walkin cash people. Because you're financing, the bank is going to sell you the car for what it wants to sell it for"
I believed him stupidly, soooo stupidly, I was desperate for a car because mine broke down earlier yesterday and I needed something to get to work. As it turns out, they charged me 4000 dollars more for the vehicle than the listed price, they charged me 2000 dollars for a warranty while telling me it was free. They stuck me with a 23% interest rate with a 650 Credit Score, and said it's because i've never taken a loan out before.
The reason I made the deal regardless of the red flags is because they gave me 1500 dollars for a truck that didn't even work, nor would ever work or sell. They told me that they would hook me up with a 14 week plan, make weekly payments of 90 dollars each for 14 weeks, so that at the end of the 14 weeks I'll be able to refinance for much lower interest rate, and they told me everyone who had done this it worked out for. So I figured I could stick out the 400 dollar a month payments for 3.5 months and then be alright afterwards. But I'm realizing that if they straight up added 4000 dollars to the price of the car, and lied to my face about it, im royally fucked. Is there anythign I can do to get out of this deal, anything please.
EDIT: Forgot to say I'm in Michigan
Submitted September 09, 2018 at 11:01AM by Nicstar543 https://ift.tt/2O14uEr
