Bought A Camaro SS... Aaaaand, It's Gone..

[1Coopgt]

Originally Posted by Existential Lad

I know pretty well I can't afford a C7 Z06. Right now. I would use the down payment to buy a beater car while I work, and save for it. Also, start building a better credit score. by the time I am ready financially. the car will be way less than it is now. (planning on buying used) I'll just keep walking right now. One day i'll run. I'll run that Z06 until I cri everitim.

[2Carats]

Man, that sucks.

[WeflyhereSS]

This is a weird post u got a car without securing financing,

[MrChrisLS3]

I really hope that deposit was refundable. Did you sign any paperwork? Did the dealership know that you didn't have the financing in order? I just don't see them letting you take the car for two weeks if funding wasn't a done deal. Unless of course it's in writing that the deposit is non refundable, in which they would have nothing to lose really, and $5K to gain.

[Ragnar]

Originally Posted by WeflyhereSS

This is a weird post u got a car without securing financing,

When I worked at a dealership, we called it grounding someone in the vehicle. You put them in the car, to keep them from shopping with 5K to put down elsewhere. We would give them a 5 day drive out tag. Sometimes a lender will come back and want additional money down or select a less expensive vehicle.

[Chris1SS1LE]

Go to a credit union they are usually the lowest

[arkentect]

Originally Posted by Existential Lad

I know pretty well I can't afford a C7 Z06. Right now. I would use the down payment to buy a beater car while I work, and save for it. Also, start building a better credit score. by the time I am ready financially. the car will be way less than it is now. (planning on buying used) I'll just keep walking right now. One day i'll run. I'll run that Z06 until I cri everitim.

Well shit. I didnt realize all I had to do was pretend I could afford an expensive car in order to get one. Shoulda put that $5k down on a Lambo instead.

[JLBIII]

Since the OP said it was slow, it's probably a case of buyer's remorse and is looking for a way out.

[eankar]

Originally Posted by Welker2

Depending on how long you've had the vehicle & state laws, the dealership may claim all or part of your deposit as a 'usage fee' (rent) on the vehicle.

This could happen, especially if he was less than truthful on the credit application. He may have overstated his income or understated his debts which made it look like he would have qualified for the loan but once the finance company checked further found that he did not.

[rock1962]

Originally Posted by Existential Lad

I hope they can't. I really enjoyed the Camaro, but If I can get my down payment back I can keep saving up, and buy a C7 Z06. I'll buy a little beater to drive me from point A to B.

Though, if I do get financed through a different lender then i'll keep it, and enjoy it!

Sounds like you need to save up to buy a camaro

[Existential Lad]

Originally Posted by rock1962

Sounds like you need to save up to buy a camaro

I'm fine with driving a beater car for a few years. :P

[Existential Lad]

This is on my contract.

[rock1962]

Z06 is a good choice

[rock1962]

Originally Posted by Existential Lad

This is on my contract.

Looks like you are getting your money back