New Car Rebates Scams
- Thread starter Sierra048
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"No credit turn-down with approved credit!"
Contact Toyota Corp regardless that the car was already purchased. Who knows..they might be able to work something out.
Yep, something wrong here with the dealer.
He qualified for $20,000 loan with Toyota Credit. They are willing to give him a $20,000 car.
They won't give him a $750 rebate which would reduce the loan at risk to $19,250.
Yeah, that makes sense. Sounds shady.
10 years ago, we were at the Pontiac dealer and they offered a recent graduate rebate to my daughter buying her first new car; $1,000 I think. Dealer wanted proof. Daughter came back with her framed diploma.
He qualified for $20,000 loan with Toyota Credit. They are willing to give him a $20,000 car.
They won't give him a $750 rebate which would reduce the loan at risk to $19,250.
Yeah, that makes sense. Sounds shady.
10 years ago, we were at the Pontiac dealer and they offered a recent graduate rebate to my daughter buying her first new car; $1,000 I think. Dealer wanted proof. Daughter came back with her framed diploma.
My son graduated from college and just bought a new '13 Civic leftover using the the program in his name.
$500 rebate,0.9% financing and he really didn't have any credit other than a small college loan for his present mortician school he attending.
He did have a letter from his present employer where he interns and receives a small salary but will stay on and receive a bigger salary when he finishes school and is a state licensed mortician.
That may have helped.
$500 rebate,0.9% financing and he really didn't have any credit other than a small college loan for his present mortician school he attending.
He did have a letter from his present employer where he interns and receives a small salary but will stay on and receive a bigger salary when he finishes school and is a state licensed mortician.
That may have helped.
Originally Posted By: Greggy_D
So......did you call Toyota Corporate to find out the real truth?
I too want to know what Toyota has to say.
And for the record the Southeastern Toyota distributor is NOT owned directly by Toyota Motor USA, but a separate entity. This may factor in.
From what I read in the fine print it basically gives the dealer and Manufacturer the ability to give that offer at random and the ability to deny it at will for ANY reason they want. It is not a scam, but seems slimy to me. More reason to dislike car shopping and the entire "industry".
So......did you call Toyota Corporate to find out the real truth?
I too want to know what Toyota has to say.
And for the record the Southeastern Toyota distributor is NOT owned directly by Toyota Motor USA, but a separate entity. This may factor in.
From what I read in the fine print it basically gives the dealer and Manufacturer the ability to give that offer at random and the ability to deny it at will for ANY reason they want. It is not a scam, but seems slimy to me. More reason to dislike car shopping and the entire "industry".
JTK
$100 Site Donor 2025
Funny how it can differ on how aggressive they are with rebates. When I bought my 2013 Dodge Grand Caravan, they dug-up every rebate they could apply, w/out my intervention.
Originally Posted By: JTK
Funny how it can differ on how aggressive they are with rebates. When I bought my 2013 Dodge Grand Caravan, they dug-up every rebate they could apply, w/out my intervention.
This has been my experience too. It doesn't come out of the dealer's pockets, so it makes sense that they try and get you every rebate you qualify for so you can pay for that extended warranty and paint protection they want to sell you.
Funny how it can differ on how aggressive they are with rebates. When I bought my 2013 Dodge Grand Caravan, they dug-up every rebate they could apply, w/out my intervention.
This has been my experience too. It doesn't come out of the dealer's pockets, so it makes sense that they try and get you every rebate you qualify for so you can pay for that extended warranty and paint protection they want to sell you.
Originally Posted By: Doog
Originally Posted By: otis24
Never have I heard of a rebate being tied to credit score. I was in car sales for seven years. In many cases, we want a customer with bad credit to qualify for as many rebates as possible. It sounds like the dealer "scooped" the rebate (i.e., kept it for themselves as part of the deal).
I would call Toyota customer service. There should be a number in the owner's manual. An inquiry could trigger an audit of the dealer by Toyota, which the dealer does not want.
When/if you get a customer survey, report the problem there as well.
TFS doesn't want people with poor credit ratings. They will consistently reject and push them to outside financing. But once you are approved you get all kinds of benefits. You are probably comparing a "Big 3" auto dealer mentality to Toyota. Which doesn't compute.
Toyota dealerships are on average no better and no worse than those offering any other make of car.
The most pleasant dealership experience we've ever had was at a Ford store when we bought our '97 Aerostar.
The last car we bought new was the '12 Accord, and that was also a quick, easy and pleasant experience.
I've shopped Toyota in the past and the dealership experience made me not want to buy a Toyota.
The OP's son may have been tooled and the dealer may have just packed the college grad rebate into the selling price and kept it.
OTOH, in any negotiated transaction, who's to say what was really agreed upon?
The signed paperwork is the only legally enforceable record of the transaction.
Originally Posted By: otis24
Never have I heard of a rebate being tied to credit score. I was in car sales for seven years. In many cases, we want a customer with bad credit to qualify for as many rebates as possible. It sounds like the dealer "scooped" the rebate (i.e., kept it for themselves as part of the deal).
I would call Toyota customer service. There should be a number in the owner's manual. An inquiry could trigger an audit of the dealer by Toyota, which the dealer does not want.
When/if you get a customer survey, report the problem there as well.
TFS doesn't want people with poor credit ratings. They will consistently reject and push them to outside financing. But once you are approved you get all kinds of benefits. You are probably comparing a "Big 3" auto dealer mentality to Toyota. Which doesn't compute.
Toyota dealerships are on average no better and no worse than those offering any other make of car.
The most pleasant dealership experience we've ever had was at a Ford store when we bought our '97 Aerostar.
The last car we bought new was the '12 Accord, and that was also a quick, easy and pleasant experience.
I've shopped Toyota in the past and the dealership experience made me not want to buy a Toyota.
The OP's son may have been tooled and the dealer may have just packed the college grad rebate into the selling price and kept it.
OTOH, in any negotiated transaction, who's to say what was really agreed upon?
The signed paperwork is the only legally enforceable record of the transaction.
I got an internet price for a prior year model GMC; after I test drove they told me I didn't qualify for that price, as they had rolled in all the rebates. Had I been wiser perhaps I could have argued, but I walked. I liked what I bought elsewhere better.
Dealers play games, he should have just rented a car for another week and got a couple of dealers bidding off against each other online.
On a commodity vehicle their are probably dozens of dealers on Autotrader offering deals. Find 2-3 and see who wants to sell the car more.
Some manufactures think they have something special but unless your buying a one off Ferrari they don't, they make millions. Remind them of that, and the fact that their are thousands of dealers out their trying to get your money. I bet one would have happily given them the $750 off to make the deal.
On a commodity vehicle their are probably dozens of dealers on Autotrader offering deals. Find 2-3 and see who wants to sell the car more.
Some manufactures think they have something special but unless your buying a one off Ferrari they don't, they make millions. Remind them of that, and the fact that their are thousands of dealers out their trying to get your money. I bet one would have happily given them the $750 off to make the deal.
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