Can I lower my new cars total sale price?
About a week ago I bought a 2015 Hyundai Elantra. I was in a rush because I just spent about 2 hours at the Honda dealership next door just to be turned down. They recommended I go try at Hyundai because of their loan policies (it was easier to get approved). When I talked to the salesman he told me the best choice for me always the Elantra because of the rebates it had and I only had 2500 to put down ($1500 cash + trade in for my truck) so I picked the Elantra because he told me the car after rebates would be $18, xxx (just under my budget of $20,000) so I agreed on the car. Rushingly so I signed off and drove off in the new car. Afterwards I noticed on the contract the total sale price is $33, xxx which was way more than he said. I'm not having buyers remorse on the car, I like it. But I do have regret rushing and not paying attention to the final sale price. Am i entitled to go in and try to ask them to lower the full price? If possible can I push to get a sonata that I know will definitely not be worth more than $20,000? Or should I get a legal advisor or attorney to help because I really do feel like I got ripped off. I have been driving the car to and from work so I have put some miles on it. I got it with 92 and now it has about 1200. Please help. I do not want to be stuck paying off a car I feel I got ripped off on. It isn't even the best model it's only the SE I BELIEVE and it came with mats and a first aid kit but that's about it.
No, only the SELLER can lower the sales price… Before the sale. Once you have bought it, you can go back and renegotiate.
"Am i entitled to go in and try to ask them to lower the full price"?
No, too late for that, Xavier. You had your opportunity to do so and you let it pass.
Some dealers have a 36 hour period to return the car. If past that to late. Lesson learned. Could lower payments but add years to loan but interest rate will be higher
It seems you took over a month to reach this information? I mean figures are simple to read in a contract. Rushing or not, money is THE only issue when buying a car. How could $33,000 not be noticeable? Are you sure you are reading the contract and the numbers correctly?
You own the car you bought. No refunds or exchanges.
Too late.
The $33k number may be the total of payments plus trade and cash. It is deceiving. Drop by the dealer and sit down with the finance manager and explain it to you. Look on the buyer's order for the amount to finance and match it to the contract. You may have purchased an extended service contract which is good. It's time you learned to read before signing.
You obviously don't understand how car loans work. The $33K is simply a statement of how you will have paid at the end of the loan for the price of the car PLUS interest on your loan.
However, for a $18K car, the $33K is Way too much. You must have agreed to an incredibly high interest rate and an incredibly long loan. And the dealer may have added other charges to you loan.
So, yes, you got ripped off.
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