Younger Toyota Ripoff sneaky lying finance people Hagerstown Maryland

Actually, all banks have limits on deductables. In the case of a lease it's typically about $1000 max and for financing it's almost universally $500.

Actually, all banks have limits on deductables. In the case of a lease it's typically about $1000 max and for financing it's almost universally $500.

Actually, all banks have limits on deductables. In the case of a lease it's typically about $1000 max and for financing it's almost universally $500.

only lenders who are in the secondary finance market (bad credit) have limits on deductibles. in situations like this it is sometimes likely that the dealership would have to hike the price to cover lender fees. it sounds like that was the case, although it may not have been explained thoroughly to you at the time. if you pay your bills on time every month this is never an issue. but when a credit score falls a customer is at the mercy of the lender. remember the dealer is only the go-between for you and the lender. the dealer only wants you to be happy.

Hey Lori does your state have a Attorney General that likes to spank car dealers like new York has?

www.oag.state.ny.us/press/2001/dec/dec13b_01.html

www.oag.state.ny.us/press/2002/jan/jan14b_02.html

www.oag.state.ny.us/press/2000/oct/oct12a_00.html

www.oag.state.ny.us/press/2001/aug/aug09a_01.html

www.oag.state.ny.us/press/1999/sep/sep30e_99.html
In the above you will see what this car dealer got spanked for.

Federal regulations, which took effect nearly two years ago, set strict guidelines for auto leasing advertisements in print, television and on the radio. Most violations cited by the Attorney General's Office included:

deceptive advertising which prominently displayed "$0 down payment" with significantly smaller print indicating such information as the total amount due at lease signing;

failure to state the total amount due at lease inception;
failure to state whether or not a security deposit is required; and inadequate disclosure of important qualifications necessary to lease a car through a rebate offer or at a stated annual percentage rate.

The first problem that car buyers face is that most Attorney Generals do not have the balls to spank car dealers. The second problem is that most of your newspapers will not post info that you will read on this web site. Maybe because advertising money is much more important then protecting consumers from car dealer scams! I post info that I feel is informative read for you car buyers out there. I do it because it's a labor of love to me.

As of now they've essentially got you out on a spot delivery pending approval from a special finance lender. When the dealership calls you to ask you to come in to sign a new contract, just tell them you won't sign anything unless they sell the car for MSRP or lower. The Corolla doesn't have very much mark up at all, so there is a possibility they won't be able to discount the car and still pay the Bank Fee to whichever lender they land at. Just use your best judgement when you're talking to them- tell them to do better or you're returning the car.

As for the insurance, you DO have to have a $500.00 or lower deductable. You're going to have to change that or return the car to the dealer. There is no if, ands, or buts about the deductable.