Car Forums  

Go Back   Car Forums > Technical Discussions > Repairs & Maintenance
FAQ Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Search this Thread Display Modes
Old 08-15-2006, 04:44 AM   #1
gary212121
CF Newbie
 
Join Date: Aug 2006
Posts: 2
help please!!!!

i need some help,
today i was sitting at home on my day off when i had an old buddy stop by to show me the new vehical he purchased, an 03 mazda r6. its an awesome car and i was excided for him. Then he told me what he paid for it. first off he paid sticker price for it, $16,900, way to much KBB has it at 12,300...then, his wife had really bad credit(this is who the car is really for) so he co-signed...but they are still paying 17.8% intrest, so the total in the end for the car is a little over 27,000. this is wayyy to much. for one, i know the dealership can come down on both the price and the interst rate. but im not sure how to go about getting this done since he signed for the car on saturday. is there any three day cooling off period in florida (i couldnt find it on the internet anywhere). and if so, is it to late???

anything will help, Thanks, Gary
gary212121 is offline   Reply With Quote
Old 08-17-2006, 05:53 PM   #2
97Talonchik
discombobulated
 
97Talonchik's Avatar
 
Join Date: Jun 2005
Location: Chattanooga, TN
Posts: 1,257
If you signed a contract, I highly doubt you can go back on it. I don't think car loans are like mortgages where you can refinance. Plus on a mortgage, you still have to wait a certain period of time before you can refinance.

In other words, never sign anything unless you've read the contract, the full terms of repayment, and any additional fees, interest rates etc. that may be tacked on to the sticker price. In signing it, you agreed to the terms as they were written. Legal and binding.
97Talonchik is offline   Reply With Quote
Old 08-17-2006, 07:13 PM   #3
Autotech
CF Newbie
 
Join Date: Aug 2006
Posts: 12
Usually if you do not take possesion of the vehicle , or have not made the first(or down) payment ... they can reverse it... but there may be a buy out fee
__________________
Autotech is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Forum Jump



All times are GMT +1. The time now is 01:26 PM.

Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Copyright 2002 - 2011 Car Forums. All rights reserved.