Stivers Ford Stivers Ford Lincoln Fraud Fraud Fraud MONTGOMERY Alabama

This is nothing more than a dealer talking someone into a deal that no reasonable person would accept.  Where if there is any "RipOff" here you let them do it to you, and you really should go after what ever school you went to.  Because if this isn't a case of why everyone should be required to take a credit education class, I don't know what is.

First off when you got down there and they said you don't qualify without a co-signer you could have just walked away.  But you didn't.

Then when you went to sign the loan documents that you thought were 0% and weren't you could have just walked away.  But you didn't.

As for the car, do you really need your first car to be a $22,000 car?  If you could honestly afford $611 a month, you should have been putting that aside, in 6 or so months use that as a good sized down payment toward a $10,000-$12,000 car and finance a small amount.

Now, since you stayed and got a co-signer let's go over that.  What exactly do you think a co-signer is?  Do you think it is just a signature that says you get a car?  NO...that is someone who is taking legal responsibility for the loan.  Which means that if you fail to make your payments, they will go after the co-signer and any negative credit you get..your co-signer gets.  And yes in every state a co-signer is also a co-owner in the vehicle and must be registered with the State as such.   Not to mention possible insurance requirements.

So if they truly did tell you to return the car, the person who better be most thankful is the co-signer so they are no longer stuck with what would be your eventual bad debt.

By the way the bank is fixing it.  They realized that there is no way you would be able to make the payments, so they are fixing it by requiring you to return the car.