swarggs
Active Member
This past Saturday I traded in my 2014 3500 Big Horn for a 2019 1500 Laramie. The truck’s great and all that.
The deal I made included $6,333 in dealer discount and $3,000 in rebates. $2,000 Retail Consumer Cash and $1,000 Black Friday Cash. I had some equity in my trade and used a portion of that as a down payment and cashed out $4,000. As in I only used a portion of the equity that I had in my trade in. The amount I did not intend to use in this new purchase was added to my payoff amount on my bill of sale.
I got a call today from the finance manager stating that an error was made and that a new contract was going to be mailed to me and he is requesting I sign it. He stated that some additional rebate is being added and that he was adjusting the sale price to account for that. If I qualify for an additional rebate, shouldn’t I get that instead of the dealer reducing the original discount? I have an email confirming the dealer discount amount of $6333 prior to me visiting the dealership. I put an email into the finance manager and my salesman asking what the new rebate is.
I can deal with all that, but I am concerned that they may try and hold my $4,000 in equity to try and squeeze me to sign a new contract. They said that once the loans are funded and all that I would get a check for the $4,000. Both the salesman and I signed a statement that states that after this sale I am owed the $4,000.
The deal I made included $6,333 in dealer discount and $3,000 in rebates. $2,000 Retail Consumer Cash and $1,000 Black Friday Cash. I had some equity in my trade and used a portion of that as a down payment and cashed out $4,000. As in I only used a portion of the equity that I had in my trade in. The amount I did not intend to use in this new purchase was added to my payoff amount on my bill of sale.
I got a call today from the finance manager stating that an error was made and that a new contract was going to be mailed to me and he is requesting I sign it. He stated that some additional rebate is being added and that he was adjusting the sale price to account for that. If I qualify for an additional rebate, shouldn’t I get that instead of the dealer reducing the original discount? I have an email confirming the dealer discount amount of $6333 prior to me visiting the dealership. I put an email into the finance manager and my salesman asking what the new rebate is.
I can deal with all that, but I am concerned that they may try and hold my $4,000 in equity to try and squeeze me to sign a new contract. They said that once the loans are funded and all that I would get a check for the $4,000. Both the salesman and I signed a statement that states that after this sale I am owed the $4,000.