Miata Mailing List: August 1999, Message #338

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Lisa,

The dealer that I bought Jazz from tried to do this to me.  They made an offer
and you accepted by signing.  They are obligated to fulfill the terms disclosed
in that contract.  The bank may very well want more funds to secure the
interest rate, but the dealer will have to be the one to accommodate the
discrepancy.  In my case, they lowered the price of the car to match what was
required by the bank.  That is Indiana State Law, so it may vary from state to
state.  Then again, they may just be crooks and are trying to get more money
from you; which I assume is the case.

Be suspicious!

"Stivers, Lisa" wrote:

> List,
> The dealer just called me and said that he is having trouble finding a bank
> at the rate he gave me without more money down.  WHAT IS UP???   They gave
> us a rate of 8.72%, told us what our down payment would be, we signed the
> papers, contracts, etc.  and NOW HE WANTS TO KNOW IF I HAVE ACCESS TO
> FUNDS?????  I am petrified!!!
>
> I told him I did not have access to more cash.  WHAT WILL HAPPEN?  Can they
> Do this?????  I didn't know this was a possibility.  I was under the
> impression that everything was approved and DONE>
>
> HELP ME!  Can they take my car back???
> Lisa