On Friday, I went to the a local Texas dealership and got a $18,000 Driveout deal for 2007 Civic LX for my dad. But that day, they didn't have the car, so they had to get it from another dealership. So I gave them $1000 deposit and I went back to get the car 4 days later. In the meanwhile, when I went to my bank, I found a better new auto interest rate (2% less than dealership quoted APR), so I took the loan check from my bank to the dealership and they didn't give the car since I am not financing with them anymore, So is there anything I can do? I still have the paper I signed with the price, tax, total, depoist, etc. The manager said he assumed that I would finance with them. Thanks a bunch.

 

I don't see how they can back out on signed contract because you chose a different source of funding. I say you make them legally honor the contract if you really want the car.

 

Tell them to match the rate and you'll finance through them.

 

They probably made the deal based on your financing with them, cutting you a "lower price" knowing they would make it up on the financing. You outsmarted them by getting bank financing and they are caught with little profit in the deal and want to weasel out. If they won't deal, get your deposit back and walk.

On a cash sale you hold all the cards. Find the car you want, tell them what you will pay IN CASH, RIGHT NOW for the car. If you catch them toward the end of the month you can make a better deal than you might think. Some dealers get a little desperate at the end of the month and would rather have a sale, even at minimal profit than no sale at all.

 

If their financing is written into your contract then they hold the cards. If not, you do.

 

There was nothing written about the financing on the contract. They r jerks.

 

I agree. This sounds like a good first step to see if it works.

 

What kind of contract was it? Every purchase agreement i've signed on a finance had the terms included on the agreement. Without the terms and the fact you hadn't actually taken delivery of the vehicle makes me believe the contract was not complete, but without knowing what you signed it's just a guess. Bottom line if you think they are being shady just walk away and buy a car somewhere else.