Avoid this dealership scam | Don't make my mistakes | Yo-yo financing | Spot delivery | 10 Day Rule 

Always have your own financing before walking into a dealer. It's a conflict of interest. I've never even heard of this problem, because I use my own lenders or pay cash.

Thank you Sir. We are our own best advocates. This type of thing should be taught in school. The system is rigged against the consumer. Get pre approval from your own bank first.

Sad, scummy dealers have turned this into a scam. There are cases where if you buy a car on the weekend or after banking hours (when the correct bank dept is closed) the dealership is just "assuming" you will get approved by said bank at this rate. A few days later they may find out the bank will not approve the original terms. If not able to find financing based on the original terms, most dealerships will just eat the difference, but some will demand you resign or return the car. This all should be done within 10 days. If they call you a few weeks later, it is 100% a scam! Tell them you are on a cross country road trip and will return the car when you return and expect a full refund. For example, if you live in FL, tell them you are currently in CA but will return the car once you get back. Most will just eat the costs before accepting a vehicle with a few extra thousand miles added with no profit.

OMG! I'm going through this right now! I left the dealership with the car on Thursday evening and the next day the financing office is saying that the lender did not approve the original APR (it was a Labor special) and my ONLY two options was to see if they could backdate the contract and if not, it was going to be raised. At first I thought "am I being punked?" I said there had to be a third option and she said there wasn't. I needed a whole night to process the BS. I called them on Saturday and told her that if they made a mistake is on them, not me and you don't offer a customer two options, when there 3, 4 i.e. drop the price, give concessions. She admitted that her manager told her that those were the two options. I told her that I would no longer with them and they could deal directly with my lawyer. I got two voices messages to call them back, one from her and the other from the manager of the dealership. I didn't respond. I'm waiting to hear back from my lawyer tomorrow...I'm disheartened that I dealership I've purchased two vehicles from before would pull this. You live and learn.

Same thing happened to me. Salesman was assuring me that bank approved me and to take car home and not worry. Of course I would trust him... I parked it and waited till I get a confirmation from the bank that the purchase was funded :)

Good video.. Almost every car deal I've had has had some element of a scam. Most of the time I've been lucky to see it first. But my brother got taken by the scam in this video. Bottomline is ask many questions and stick to bigger name dealers, the yo-yo stuff happens more at the tiny 2nd rate dealers.

In the mid-70’s I had my new car for two weeks when the Dealer called me at work and made it sound like I had to come back that night. He would not tell me why. I was working late and was totally exhausted. He wouldn’t let me come in the next day or later that night. I was not happy. I closed shop, picked up my sister and drove back to the dealership. This was like 8:30 in the evening. The very first thing I saw when I stepped out of my car was three other couples leaving who I’d seen on the lot the same day, I purchased my car. What are the chances of seeing the same people who purchased cars the same day, back on the lot the same night? All of them looked extremely upset and were talking among themselves in angry whispers. I didn’t use a trade in when I bought my car. I just put $1,500 down and signed the contracts. At no point was I ever told the terms had not been accepted by the lender. Now get this: These people had a sign on the wall that said, there was no cooling off period. You could NOT change your mind after three days. The sale was final. When we walked into the office, the salesman had the nerve to tell me his manager had changed his mind and I needed to give them another $1,000 or I would have to return the car. I didn’t even think about it. My sister and I screamed “NO!” really loud at the same time. The salesman, was sitting on his desk. He was so startled; he almost fell off. I took the car keys off my ring and threw them on the desk. I told them I wanted my money back RIGHT now and they could keep the car. I also demanded they give me a ride home, or let me use their phone to call for a ride. The guy looked shocked. He said, “But I know you love the car!” I told him I didn’t love it THAT much and repeated my demands three more times before he went to speak to the manager. After a while, he came back a bit cowed and told me my first deposit was fine and everything was okay. I told him, I thought it was, picked up my keys and left. They never bothered me again, but that experience left such a bad taste in my mouth I really didn’t give a damn when eight months later, a drunk driver hit that car in front of my house and turned it into scrap metal. I took my insurance check to a different dealer.

Dealing with this right now, asking me to come in before 10 days and sign a new contract.. out of principle I’ll just give the car back and go elsewhere. Slimy out here in the market

Can a deal do a spot delivery scam on a leased vehicle?

I burst out laughing when he started adjusting his body as he says ok story time. 😂😂😂lol

Currently going through the same situation. It been 27 days since I singed the contract. I just received a letter let me know that I have to return the vehicle because the bank they do business with will not approve my loan. I have yet to receive any information on how to make a payment. I called them and they said they want me to sing a new contract. I just emailed them stating that the contract specifically says they have 10 days to notify me. The letter was sent 2 days ago however they marked the paper with the date of my purchase. I don’t know if this fraud on their part.

I know this is video was made a while back. Don’t know what to do. I’ve had the car for two weeks. They called me told me to come in and re-sign the contract. I do not want to resign. The vehicle is an EV with bad batteries turns out it’s gonna cost $17-$20,000 to replace the batteries I’ve only had it for two weeks, drove less than 300 miles thing is they already sold my trade-in what would be my options?

Let’s hear this story. I popped some pop corn just to hear it so it better be good 😂😂😂😂

So was this like a national dealer like jeep or Chevy? Or a dealer that has a bunch of different cars and stuff?

Your biggest mistake was not going to a bank (preferably your bank) & getting a check before shopping for a vehicle. It’s cuts out all the Dealer mess. 🙅‍♀️

Question, Is it 10 business days or calander days?

they won’t give back my down payment is there anything i should do ?

Fml I feel like this is about to happen to me as we speak 😤

Damn I just fell for this. They charged me $600 more than ny initial payment. I'm in california and not sure if I can sue