I purchased a new car on Sunday (using my car as a trade-in), was told to pick it up on Monday. I was furnished with a "loaner" to drive until the next day. The dealership called and said the car I had purchased was already promised to someone else and aske me to come back on Thursday. Thursday came and went and still no car. Ireceived a call this morning and told to come pick the new car up and sign new papers. I have had a sick feeling ever since I signed the papers for the original car and would really prefer not to buy from these people. The original loan is for 72 months (some how they changed to to 74 - found that out after I got home), when I had threatened to walk out they lowered the interest rate for 9 to 7 (I thought that was weird).

And what is your question?

If they have new papers for you to sign and you are not comfortable with the deal, do not sign them. It is too big of an investment to get into if you are not 100% satisfied with the details of the transaction.

No you don't have to!
When you bought the car, did you actually see it, or did you order it?
What was their reason for coming back the next day?
It is conceivable that 2 of you bought it at once, and they gave it to the one who squawked the most.
Or, dealers borrow/trade new cars with each other, and if you live in the storm area, they might have white lied about why it wasn't there, both on Monday and Thursday.
I would calmly tell them all the reasons you aren't happy and ask what they want to do before you walk out the door (car not ready next day or Thu, 72/74 weeks, not same car).
And tell them you want the TRUTH.

Did you sign a contract? Otherwise, I agree. What is the question?

Hello d:

Write them a certified letter telling them that they are in breach of your contract, and that you DEMAND to have your trade in back. Tell them they have 48 hours to comply, or will be sued.

excon

If you haven't made the first payment to the loan company you can get your money and your old car back and not have it go on your credit. Good luck.

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Originally Posted by missTameaner

If you haven't made the first payment to the loan company you can get your money and your old car back and not have it go on your credit. Good luck.

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I don't understand why this is your opinion - how do you suggest the OP do this?

Quote:

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Originally Posted by missTameaner

If you haven't made the first payment to the loan company you can get your money and your old car back and not have it go on your credit. Good luck.

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This is totally wrong advice. The key here is whether the dealer fulfilled the contract or not. If the dealer could not provide the car contracted for then the contract can be canceled. Though it may take going to court to do so. But once the loan papers are signed, only the dealer can cancel it.