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Regardless of what Ford Credit offers, the dealer can "buy-down" the interest rate... similar to 'points' in a home mortgage. I agree that it may not be worth the legal expenses. But, since the dealership made a mistake (more like a couple based on bedliner story), you should try to get something out of them for YOUR honesty. Maybe some "free" oil changes, extended warranty, accessories, or just anything to make them show their appreciation for your business.
I'm not a lawyer either...yet, will be in a few more years hopefully, however my uncle is corporate lawyer in NYC, it happnd that the same time i was reading this article my mom was also talking to her aunt, and i asked him this question. enough background info, the dealer is really trying to screw you, evidently playing on (their presumed) your ignorance of contract laws, as soon as you signed that agreement, everything elce aside there is nothing they can ask you to do extra with regard to the contract in question, the one already closed is binding; intrest at 0 or 10 percent. (of course, if they told u prior that it was to be 3%, then switched it to30% you could have a chance of winning in court to get out of this contract) but if the dealer, the one who draws up the contract, makes a mistake that ends up screwing themself out of something, then they can do pretty much nothing except deal with it
On a differnt not, i would actually just tell the dealer if they want to void that contract, then i would agree-they could just take the truck back also. because i hate people that do business that way, (esp. $700 on a $30,000+ truck, c'mon!) i would not be able to live with myself giving a abviously sleazy group of people my hard earnd money.
-steve
Remember that, if you don't bring it back, the dealer also has to weigh the cost of doing something about it (sueing you, etc) against the value of $780. Is it worth it to the dealer to loose customers, get bad publicity, and pay the expense or should they just accept their mistake?
I would tell them, I have a signed contract. Done deal.
What if they gave you less than you thought for your trade and you didn't notice it for a day or 2. I'm sure you'd want your money back to correct the mistake. What if they said "take a hike".
I'd like to thank all of you for your input. The dealer hasn't contacted me again regarding the interest rate charges. As for now, I'm taking a "if you want me come and get me approach". The "clunk" sound I would hear when braking has gone away although I can't help but be concerned that it might return. If I hear it again, I'll drive over to the dealer and have him look at some of the things you guys suggested. I'm taking it on a 550 mile trip this weekend with the family, so I'll be looking for anything else that may appear.
Thanks again guys