I recently purchased a used car from a dealership, which included a trade-in. Everything seemed to have gone well until about a week afterwards. I got a letter in the mail from the credit union the dealer used to finance the loan and it said I was denied because the "Term requested exceeds limits." They counter offered with a 48 mo loan instead of a 60.
I also noticed in the contract that they slipped in $400 extra in dealership fees. Needless to say I was pissed I didn't notice it before signing, especially considering I believe it was added in the final contract and not the ones I looked at before.
Long story short, could I play hardball and tell them to take out the fees or I'll return the car to them and cancel the deal because the financing fell through? Seems they would be out a lot of time and effort over $400, not to mention the dealership is a three hour drive from here and, from what I have read, the onus is on them to rectify the financing situation.
Perhaps someone who has been in the industry can provide me some feedback. Thanks.
Here is a picture of the contract and the "added" fees. Basically, they put $631.50 over the advertised 249.00.
