Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > iRV2.com General Discussion
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 06-02-2015, 10:38 AM   #1
Senior Member
 
New Hobby's Avatar
 
Join Date: Mar 2013
Posts: 201
Legal recourse??

Is there any legal action to be had if a dealership runs your credit
(736), negotiates a deal with you, takes your deposit, says congratulations, puts a sold sticker in the windshield, you sign a complete contract, they say ready for pick up in 2 weeks after their PDI and safety check then they cant get you financed?
Doesn't seem right to me, this is what they do everyday.
__________________

__________________
1st new coach "2014 Thor Hurricane 34j"

Shawn, Tori, Ryan and "Paw's Memory"
New Hobby is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 06-02-2015, 10:43 AM   #2
Senior Member
 
Big-Foot's Avatar
 
Join Date: May 2014
Location: Kenyon, MN
Posts: 263
Sounds like a case for your State's Attorney General's office.
Rights do vary from state to state, but in my state, if the financing falls through, you get your deposit back and the deal is off the books. I don't know how they can report you to the credit bureaus for bad credit when credit was apparently never established in the first place.
__________________

__________________
Regards - Randy & Dar
2015 F350 CrewCab DRW 6.7/409 PSD - 2008 Rage'n Stryker 4005 fifth-wheel Toy Hauler - 2014 Arctic Cat Wildcat Trail-XT SxS just-4-grins
Big-Foot is offline   Reply With Quote
Old 06-02-2015, 10:44 AM   #3
Community Administrator
 
Clifftall's Avatar


 
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Aug 2009
Posts: 29,121
Sounds like they got a better offer. :(
I'd want a better explanation .
__________________


Cliff,Tallulah and Buddy ( 1999-2012 )
Clifftall is offline   Reply With Quote
Old 06-02-2015, 10:47 AM   #4
Senior Member
 
Knightab's Avatar


 
Thor Owners Club
Join Date: Jun 2003
Posts: 1,171
Sounds like a camping world experience
__________________
2015 Thor ACE 29.3
https://rvhappenings.blogspot.com/
Ohio
2014 Honda CRV Toad
Knightab is offline   Reply With Quote
Old 06-02-2015, 10:57 AM   #5
Senior Member
 
Winnebago Owners Club
Freightliner Owners Club
Join Date: Aug 2006
Posts: 1,500
Did they mention you were 'approved' for financing? There is probably a contingency clause in there somewhere. Otherwise probably not.
__________________
MaverickBBD is offline   Reply With Quote
Old 06-02-2015, 11:00 AM   #6
Senior Member
 
oakcreekeric's Avatar
 
Join Date: Mar 2014
Location: Oak Creek, WI
Posts: 939
Not sure what your recourse is... However... that unit is yours until you get the deposit back..

Not sure where you're located.. but a call to the Attorney General's office would be a start... and I'd let the dealership know what you're doing.. As a person who previously worked at an Auto Dealership (many moons ago).. there are two people a dealer principle doesn't want snooping around his lot.. and that's the Attorney General's office and the Insurance Commissioner's office..

IF they are trying to "scam" you due to a better offer, as someone suggested, you could "screw up" their deal by telling them you still want it and will attempt to secure your own financing... Just let them know you want the deal continued "CONTINGENT" upon you getting financing.. I would suggest putting a time limit on it... lets say 7 days... IF they tell you no, chances are, they may have gotten a better deal..

Truth be told.. you may have better luck trying to get financing thru your Bank or Credit Union..

Good Luck !!!
__________________
Eric & Denise
2012 Itasca Sunstar 35F
2010 Harley-Davidson Ultra Limited
oakcreekeric is offline   Reply With Quote
Old 06-02-2015, 11:09 AM   #7
Senior Member
 
plasma800's Avatar
 
Fleetwood Owners Club
Join Date: Nov 2013
Location: Houston, Texas
Posts: 3,198
Blog Entries: 1
Further, contact Jim Pena at Essex Credit, and see if he can get your financing done. He's FAST!!!!!! If he can get it quickly, then you might could salvage the deal.

A lot of dealers work something like this.

Check his credit. Good? Yes?
->
Take his down payment money. Money good? Yes.
->
Put his paper out to 15 banks, choose bank with best kick to dealer.
->
No banks took it? Kill the deal.

They are essentially "assuming" that some bank they work with will buy the paper, but if for some reason the banks decline to take your paper, they just kill the deal.

half of that fictitious 2 week PDI is time the finance guy schmoozes your assumed loan out to the banks they use, and it takes a little time.

He promises you a rate of whatever, 4.9% - then he sells the paper at a rate of 3.9% - 4.6% whatever, and he keeps that interest in the middle.
__________________
RVM#78 - -USAF- F-15 Eagle Radar Vet
'05 Fleetwood Revolution '12 Chevy 2500 '15 Airstream Intl Sig. 27FB
'14 Ram 3500 Aisin
plasma800 is offline   Reply With Quote
Old 06-02-2015, 04:54 PM   #8
Senior Member
 
wa8yxm's Avatar
 
Damon Owners Club
Workhorse Chassis Owner
Join Date: Mar 2009
Posts: 22,792
Most vehicle dealerships are governed by the department of motor vehicles,,But if that is the case a call (or letter) to the Atty General will get you a form response to contact DMV.

This is a popular "Bait and Switch" game... Sign a contract then call you back and say "oh we could not get financing at that rate it's going to cost more".. It is illegal.

However Can you fight the battle and win? That I do not know.. Dealers who do this stuff have lawyers who advise them on how to get away with it.... Sometimes.. they fail.

IF you start legal action please mention it.. Some forums (not sure which ones) once the court case or official investigation starts... The thread will be closed.. I fully understand the reasons for this by the way.
__________________
Home is where I park it!
wa8yxm is offline   Reply With Quote
Old 06-02-2015, 08:16 PM   #9
Member
 
KerrTx's Avatar
 
Join Date: May 2015
Posts: 87
Who was the dealer?
__________________
DJ
2016 Bighorn 3160EL
2015 RAM 3500 6.7L I6 4x4 CC SB SRW
KerrTx is offline   Reply With Quote
Old 06-02-2015, 08:36 PM   #10
Senior Member
 
WSRG's Avatar


 
National RV Owners Club
Workhorse Chassis Owner
Join Date: Dec 2008
Posts: 292
I'm sorry that this happened, but this is the way almost all motor vehicle dealers work. You did not mention whether your deposit was refunded. It is fairly common for some banks to want more money down than what was noted on the contract. In this case ,it is your option to say yes or no to the new terms. If you say yes, a new contract would be signed, and you go down the road with your new vehicle. If you say no to the new terms, the contract is voided, your deposit returned, and the deal is done. Keep in mind that in most states, no matter what is signed or said, you don't own the vehicle until you take delivery. That is, drive it away from the dealer.

Bill
__________________
BILL & CINDA SCHWARTZ
2005 SEABREEZE LX 8360
W-22 WORKHORSE 8.1 LTR.
BEAUTIFUL PHOENIX, AZ
WSRG is offline   Reply With Quote
Old 06-02-2015, 11:20 PM   #11
Senior Member
 
SteveLevin's Avatar
 
Join Date: Feb 2010
Location: Sunnyvale, CA
Posts: 1,195
As others have said, as long as they give you the deposit back, you don't have any recourse. Even if technically you had some recourse, any reasonable attorney would tell you that, practically speaking, you don't want to bother.

Practically speaking, if they could roll the deal, they would. They don't make money sending you away.

Steve
__________________
The Green Machine -- 2000 Mountain High Coachworks Summit (Spartan chassis / Cummins ISC)
...and F-Troop: Fearghus, Fiona, and Frankie (Cairn Terriers)
SteveLevin is offline   Reply With Quote
Old 06-02-2015, 11:40 PM   #12
Senior Member
 
Mr_D's Avatar
 
Solo Rvers Club
iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 28,444
736 is not that great a score BTW.
And yes the dealer did exactly what most dealers do. If you got your deposit back then you really have no damages.
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft
Charter Good Sam Lifetime Member, FMCA, SKP
RV'ing since 1957, NRA Benefactor Life, towing '14 CR-V
Mr_D is online now   Reply With Quote
Old 06-03-2015, 06:32 AM   #13
Senior Member
 
Tha_Rooster's Avatar
 
Join Date: Aug 2008
Location: Georgia
Posts: 4,513
Ask for if you don't receive a letter from the company that turned you down for the loan.
__________________
2007 Fleetwood Revolution LE 40V
Tha_Rooster is offline   Reply With Quote
Old 06-03-2015, 08:45 AM   #14
Senior Member
 
Jim28730's Avatar


 
Newmar Owners Club
Join Date: Dec 2008
Location: Maggie Valley, NC
Posts: 815
There is no recourse. The dealer did exactly what he should have done and it's not his fault that the banks they reached out to would not take the paper. As long as you have your deposit back, no harm...no foul.
__________________

__________________
Jim & Sandy
2016 Newmar Ventana 4037
2014 Grand Cherokee Summit
Jim28730 is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Open wine in rv fridge - legal? Retiredatlas Just Conversation 19 12-25-2014 03:57 PM
Possible (legal?) to tow two toads? fkloster Trailer Towing and Tow Vehicles Discussion 20 12-20-2014 01:39 PM
Road Legal ATV Dippelj Toads and Motorhome Related Towing 6 12-08-2014 11:10 AM
good and legal roads ???? kchadw1944 Navigation, Routes & Roads 2 07-01-2014 08:39 PM
On C8.3 - Is straight pipe exhaust legal? jd956jd956 Cummins Engines 12 03-15-2014 09:53 AM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 03:07 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.