I bought a 2008 Toyota Camry 6 days ago from a used car dealership. The total amount for the car was $15,780 with $3,000 cash down payment. Today I see on the deale's internet site that the car is listed for 13,999. Can I renegotiate my contract with the dealer? Or is it too late, because I already purchased the car? Thank you in advance.
I only know the laws for California, First of all advertising laws require dealers to sell their vehicles at or below the lowest advertised price whether the customer is aware of the sale or not. Remember the advertised price will not include tax and license so if you paid 15870.00 plus Tax and license then there is an issue However they also require that all advertisements be pulled within 48 hours of selling the car. If your car is still advertised 6 days after you bought it that is illegal also. Make sure it is not a similar car, the License number or Vin number is required to be in the add so you can determine if that is your car being advertised or if it is just a similar one. If it is your car with your Vin# then you have an issue with the dealer. I would print the add and go back and play hardball with the General manager do not talk to a salesman. They should refund the difference. If they refuse, you have recourse with DMV investigations, Consumer affairs and I believe FTC ( Federal Trade Commission) for breech of advertising laws.
〉 Answered on Jun 22nd, 2010 by Patricia Algier , Owner at Valley Dealer Exchange Inc
If I were in your position, I would contact the dealership and state my case. I personally have gone back to other retailers when I find a price differential from the purchase and the advertised prices ie shoes, clothing, groceries. Sometimes I have been successful in securing the lower price and sometimes not.
However, I have also found that internet prices are lower ie airline tickets, hotel rooms, shoes, clothing, etc and this is because I do all the work myself without the assistance of an employee of the establishment which keeps their costs down. This may be the situation with this Used Car Dealership.
〉 Answered on Jun 21st, 2010 by Patricia J Roberts, Director Business Development at AskPatty.com, Inc.
There is no harm in trying to renegotiate however you are pretty much at their discretion. If they are more interested in customer service than profit you might make some headway, however unless your state has a 3 day policy to change your mind. You might check with the Attorney General*s office in your state to find out.
〉 Answered on Jun 21st, 2010 by Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company (Retired)