Porsche sales had me, again
07-18-2009, 02:23 PM
#31
Three Wheelin'
Exactly - I'd be on the phone with the dealer, PCNA, and PFS until somebody cries "uncle". Not so much about the money, but the principle of it - just ain't right.
07-18-2009, 05:21 PM
#32
Pro
Thread Starter
Then before signing any contract I would ask the dealer to give me the contract to thoroughly review (at least overnight). Sure this sounds like 20/20 hindsight but it sounds like good advice for the future if the law does not give one any other recourse.
And people are becoming defensive when autodealers are dissed. This stuff angers me no end.
There was a case in Florida where a dealership was indicted for swindling their customers for (get this) adding instead of subtracting the value of their trade in to the cap cost.
Folks if you're going to lease a car you have an obligation to yourself to understand every item in that contract and to go over it with the finance manger. Check their math, even if it takes 5 hours of their time. Calculate the monthly payment based upon the term, agreed upon selling price, cap cost reduction and money factor. If it doesn't agree with what the contract says then ask them to explain the discrepancy.
Leasing is fraught with fraud and and hazard because people don't understand the basic principles behind it and there are more ways to hide spurious charges.
And people are becoming defensive when autodealers are dissed. This stuff angers me no end.
There was a case in Florida where a dealership was indicted for swindling their customers for (get this) adding instead of subtracting the value of their trade in to the cap cost.
Folks if you're going to lease a car you have an obligation to yourself to understand every item in that contract and to go over it with the finance manger. Check their math, even if it takes 5 hours of their time. Calculate the monthly payment based upon the term, agreed upon selling price, cap cost reduction and money factor. If it doesn't agree with what the contract says then ask them to explain the discrepancy.
Leasing is fraught with fraud and and hazard because people don't understand the basic principles behind it and there are more ways to hide spurious charges.
07-18-2009, 05:24 PM
#33
Pro
Thread Starter
In Calif, I don't think there is any right to back out (other than rescinding the contract based on fraud, e.g lawsuit time.
I think the OP got scammed. It's one thing to haggle over price and feel you got overcharged - no issue there, it's a free market. But this dealer took advantage of a known benefit available from a third party(PFS) without honest disclosure, not to mention they were dishonestly dragging their heals paying off what they agreed.
I think the OP got scammed. It's one thing to haggle over price and feel you got overcharged - no issue there, it's a free market. But this dealer took advantage of a known benefit available from a third party(PFS) without honest disclosure, not to mention they were dishonestly dragging their heals paying off what they agreed.
07-18-2009, 05:31 PM
#34
Pro
Thread Starter
Well, my salesman said he has sent this up to the sales manager to find out what happened, and I will contact them again on Monday. But I like your idea of getting the money from the dealer and paying PFS myself since this way I would be in control of the whole situation. PFS is aware of this situation, and they are willing to give me some time to resolve this, so I will give the dealer some more time. It might be a genuine human error (although IMHO it is a very big one...)
07-18-2009, 07:22 PM
#35
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Well, my salesman said he has sent this up to the sales manager to find out what happened, and I will contact them again on Monday. But I like your idea of getting the money from the dealer and paying PFS myself since this way I would be in control of the whole situation. PFS is aware of this situation, and they are willing to give me some time to resolve this, so I will give the dealer some more time. It might be a genuine human error (although IMHO it is a very big one...)
07-18-2009, 08:01 PM
#36
I guess that the dealer wanted to be sure, before they took ownership of the vehicle, that there were basically no liens on the car. That's reasonable. Getting a check from you to guarantee that it could not be repossessed for failure to pay the lease (or forcing them to cough up 5 months of payments) seems like a reasonable thing to do if they didn't trust (know) you to pay PFS. 5 months is the most they could have been out of on this deal had you not kept up your end of the bargain.
What is inexplicable is their failure to pay PFS in a timely matter. If your credit score suffers as a result of this (or you end up paying PFS yourself) then I would think that you would have recourse to the courts for damages.
What is inexplicable is their failure to pay PFS in a timely matter. If your credit score suffers as a result of this (or you end up paying PFS yourself) then I would think that you would have recourse to the courts for damages.
07-19-2009, 01:38 AM
#37
Three Wheelin'
I guess that the dealer wanted to be sure, before they took ownership of the vehicle, that there were basically no liens on the car. That's reasonable. Getting a check from you to guarantee that it could not be repossessed for failure to pay the lease (or forcing them to cough up 5 months of payments) seems like a reasonable thing to do if they didn't trust (know) you to pay PFS. 5 months is the most they could have been out of on this deal had you not kept up your end of the bargain.
What is inexplicable is their failure to pay PFS in a timely matter. If your credit score suffers as a result of this (or you end up paying PFS yourself) then I would think that you would have recourse to the courts for damages.
What is inexplicable is their failure to pay PFS in a timely matter. If your credit score suffers as a result of this (or you end up paying PFS yourself) then I would think that you would have recourse to the courts for damages.
07-19-2009, 04:47 AM
#38
Pro
Thread Starter
Boolala, I agree with Stevepow that it's more like a scam. The dealer is supposed to pay PFS just 3 months, not 5 months, because the First Mile program is supposed to forgive 3 of my 6 months left in my lease. I have verified this with PFS. Since the dealer neglected to tell me this fact at that time, and made a faux offer of paying for 1 month, I gave them 5 months of payment in cash.
Now all I am asking of them is to pay off my prior lease, because it's their promise, and without it I would not have signed the paper.
Now all I am asking of them is to pay off my prior lease, because it's their promise, and without it I would not have signed the paper.
