Most liked posts in thread: Unusual buying experience!

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  1. DougW

    DougW Member
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    #18 DougW, Oct 16, 2013
    So, the FA just called, though it's her regular day off.

    Told me that she simply told MINI Financial that the dealership would go and get that same 1.9% rate from some other bank if MINI wouldn't give it, and they caved.

    It turns out that they do offer 1.9% for five years, but not for six. Seems kind of silly to me that they cut it off at five, but that's what they normally do.

    Anyway, I've got my car, and a good rate, and I'm a happy camper. :D
     
  2. KittyMini

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    #27 KittyMini, Oct 16, 2013
    And congrats on the new whip!
    You should make a shift knob with 1.9% on it :D
     
  3. Metalman

    Metalman Well-Known Member
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    #19 Metalman, Oct 16, 2013
    Here's how I see it....

    You got a great deal....

    MINI moved another MINI...

    The dealer made a sale....

    I hope the young girl keeps her job. I'm sure she is now an expert with at least a certain part of the contract....

    I always thought there was a manager somewhere in the background that proofread the contract before it was offered... so to speak...
     
  4. mrntd

    mrntd Well-Known Member
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    #2 mrntd, Oct 16, 2013
    A contract is a contract. Unless it says that MINI has to approve it, if not your good to go. The dealer is on the hook.
     
  5. Metalman

    Metalman Well-Known Member
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    #5 Metalman, Oct 16, 2013
    Congratz on the new Paceman...

    Doug.... You shrewd buyer you....

    Offer them one of your "Whalen" shift knobs as a sort of good will gesture, and call it even.... :D
     
  6. Metalman

    Metalman Well-Known Member
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    #8 Metalman, Oct 16, 2013
    A shame the finance girl keeps making mistakes....:devil:
     
  7. DougW

    DougW Member
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    #29 DougW, Oct 16, 2013
    I'll have to wash it first; after the drive from the dealer, it's already too dirty for pics.
    Bear with me...:D
     
  8. Nathan

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    #3 Nathan, Oct 16, 2013
    Congrats on the new Paceman.

    Was it a "spot delivery"?

    Does the contract have terms such as "subject to financing" or "subject to approval".
     
  9. DougW

    DougW Member
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    #4 DougW, Oct 16, 2013
    Nathan,

    Guess I'll put on my reading glasses, grab a cup of coffee, get comfortable, and have a closer look....
     
  10. DougW

    DougW Member
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    #6 DougW, Oct 16, 2013
    Already gave one to the salesman yesterday, for his car. :D

    The finance girl is going to order herself a Paceman, but with auto transmission. :frown2:
     
  11. DougW

    DougW Member
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    #7 DougW, Oct 16, 2013
    Nathan,

    Here is what I see on the back of the contract:

    NOTICE TO CONSUMER REGARDING INELIGIBALITY FOR FINANCING

    If this contract is contingent upon the dealer providing financing as disclosed to you on a separate form (box A of the financing section) the dealer has 14 days to notify you if they are unable to obtain the financing. If you are not notified that financing is unavailable within 14 days, or if the vehicle is delivered at the disclosed finance terms, the dealer must finance the vehicle according to the disclosed finance terms.

    If the contract is contingent upon the dealer providing financing acceptable to you (box B of the financing section) the dealer may at any time prior to delivery provide you with the required financing disclosures. If you accept delivery of the vehicle or accept the proposed financing the contract is enforceable as written. If you fail to respond or reject the disclosures, the contract is rescinded.
     
  12. N2MINI

    N2MINI MINI of the Month

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    #9 N2MINI, Oct 16, 2013
    Looks like you are good. Last sentence of 1st paragraph. Car was delivered. I could see them having 14 days if you didn't take delivery of the car, and be able to change the deal but you'd also be able to get out of it then.
     
  13. DougW

    DougW Member
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    #10 DougW, Oct 16, 2013
    That's the way I read it too. The phone call that I'm anticipating may be rather interesting.
     
  14. Nathan

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    #11 Nathan, Oct 16, 2013
    I'd be looking for box A and B of the financing section form now to see if one is checked or not.
     
  15. DougW

    DougW Member
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    #12 DougW, Oct 16, 2013
    There's no box labeled either "A" or "B". :confused5:
     
  16. GokartPilot

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    #13 GokartPilot, Oct 16, 2013
    Not if she keeps financing at all models at 1.9% she won't. :nonod:
     
  17. Minidave

    Minidave Well-Known Member
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    #14 Minidave, Oct 16, 2013
    I think you'll find that you've bought yourself a new car, and if you don't finance it thru them at 4.1%, your options will be to finance it yourself or return it.

    Not 100% sure as I haven't read your contract, but the clauses you've reported seem to me to only be for people who are not approved (not credit worthy enough) for the program. The program does not apply to this car, so those clauses aren't applicable - that's my understanding.

    If the dealer were to accept the contract (which I don't think is possible) they'd have to pay the difference between the 1.9 and 4.1, whatever that amount is - which is impossible to figure since no one knows if the contract will go full term or not. Bottom line, the contract will be void as it's written, IMHO.
     
  18. DougW

    DougW Member
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    #15 DougW, Oct 16, 2013
    Good point!

    I feel sorry for; she's a young girl, and has only been at the job for two weeks.
    She was having a bit of trouble with the paperwork, even besides screwing up the interest rate.
     
  19. DougW

    DougW Member
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    #16 DougW, Oct 16, 2013
    Interesting take! I guess I'll find out later, what' the deal is gonna be.

    This legalese stuff always give me a headache; no wonder I never went to law school...:confused5:
     
  20. Rawhyde

    Rawhyde Active Member

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    #17 Rawhyde, Oct 16, 2013
    I think you should get some professional advice from someone in your jurisdiction. Regardless of the legalese, the dealership should stand behind the 1.9% as a gesture of goodwill since:

    1. The mistake's their fault.
    B. They let the transaction go so far that you already accepted delivery.
    Thirdly. Upping the interest rate after the transaction has been completed is an age old tactic of car dealerships. (Not saying that is the case in this instance, but it is pretty common.)
     
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