Car Dealer Keeps $5,500 down payment, Forced to pay $66k

[@Lynn-wu8dn]

I'm so emotionally broken,

[@KevinHunter]

Another great video, Dan! Well done! I receive complaints from Car Buyers all around the country regarding unsecured deposits. Good to know there's a legal remedy!

[@WhitneyLLP]

Thank you Kevin.

[@kendrabonds6901]

@@WhitneyLLP All dealerships have to carry a blanket insurance policy that is designed to cover incidents such as what you described!

[@AAHdog]

I haven the same problem right now! Thank you.

[@MrNayo305]

The dealer truly paid the price for not returning the money. Instead they got hit with a lawsuit and had to paid 12 times of the original amount😂 I bet they learned a lesson

[@largelarry2126]

The dealers are so stupid. They do things like this to people yet let their inventory set outside unprotected. The amount of damage that can be done to a dealer online is bad enough, but they only think about the money.

[@claudiarios304]

Explain

[@Fatboys-Unlimited]

Unbelievable a group of individuals would hold that family's peace hostage and joke about it over a ridiculous sign. Who's laughing now ?

[@Jesuslovesyou-zg3lc]

Im in California just got an Acura RDX an the contract had to be revised 2 now we’re going on third time because he did not get county taxes correct. The second time was for 5000 more after 15000 was given on a lease.I don’t feel confident anymore and I’m unsure of what they did

[@nicksonchupica3609]

One dealership keep my down payment in Florida and when I call they we use your money for pay legal fees

[@muhammadparham5333]

Are Cash down payment illegal for a finance charge?

[@Autliers]

Yes according to 15 USC 1605

[@Iamtenishamarie]

The dealership made me pay a deposit after telling my finance company a set price to be fully paid. My paper work is not accurate

[@notimportant8762]

If you can do cases in Ohio let me know or have a referral!!? I need to get my $7k down payment back from a Kia Dealer after reading Consumer Laws! They led me and my co-applicant to believe cash down payment was required for the deal to even happen but was false.

[@hoangtubehoangtube]

You won ?

[@lalosoria]

Thank you so much for sharing this great information with us

[@WhitneyLLP]

Glad it was helpful!

[@aliciaroberts2678]

Help us! We bought a car and 3 days later it was in shop due to previous issues. Dealer unwound the deal but won’t give us our down payment back

[@Lynn-wu8dn]

I'm having same issue, it's not fair, theses people prey on us I DONT HAVE MONEY TO HIRE,& by that time I'm out of my money & on the street! Cause of process , we need our money NOW! time is not on our side

[@joshmccall9840]

Could you work a case in georgia

[@WhitneyLLP]

I practice in MD, in GA, try: T. Michael Flinn from Georgia Consumer Lawyer. The website is GeorgiaConsumerLawyer.com. They can be contacted at 770-832-0300 or [e-mail]

[@israelisreal7781]

I live in California. I recently made a down payment of 6k on a vehicle and made my first payment on time. Yesterday I got a letter from the finance company stating that my car loan has been denied because I had checked my credit score on Experian. Is this legal? Will I be able to get my money back? I saved up a very long time for that down payment.

[@jacqulinepenaloza9579]

Any tips or advice on what my dad should do if he got $5,000 stolen from a dealer when he put a down payment Houston Texas area

[@gtech66]

I am sure this dealership has done this to many customers in the past. Great resolution Every car dealership I have dealt with is like dealing with the worst people of all time.

[@WhitneyLLP]

The first time a dealer is caught doing something is rarely the first time they did it.

[@thejuice7020]

@@WhitneyLLP can you deal with out of state cases??? I’m from Illinois. But purchased online from Florida.

[@underdogfarms6303]

I'm having this same problem alone with others from a dealership here in Colorado. I can't find a lawyer that does this work in Colorado. Any help?

[@westsidehoops7358]

I need you where i live 😂

[@jamespollard-el5624]

So car dealer can’t charge c consumer down payment on a vehicle?

[@thesecrettlc]

Hi do you consult cases in MS?

[@claudiarios304]

I need your help so bad i just bought a vehicle april 5, 2023 used car from a car dealership i put a $6000 down payment. It rained that night. Welll on april 6, 2023 i was headed to work when i parked i noticed water droplets in the passenger back seat which i thought was odd well lord and behold i look at the roof and there are 2 big wet spots because this car has a sunroof, but we never messed with it. So i took it back and i told them i dont want the vehicle and that i would be there tomm april 7, 2023 return the second key fob. I reached out to my salesperson and explained that i wanted to get my deposit back and return the car. Will i be able to get it its been so emotionally draining and stressful to the point i cant sleep. I will be going tomm in the morning to see if i can get my money back😢

[@jacobpalmer5713]

Can I purchase a new vehicle with finance charge under TILA? According to 15 USC 1605??

[@wandabrooks2752]

Hello question so if a person took their car back due to finances but also mentioned it made noise. Do they get to keep the person down payment 🤔 keep in mind the person never file for bankruptcy they pay off the car balance after the bank sold the car

[@khalilgaye8398]

I need your help how can I reach you

[@jaybaby42]

Do work in Tennessee

[@true-FENDY]

All this work and you still ain't getting nothing them dealers know the game too much work for nothing just give up you not going to catch him

[@jwanders10]

I’m a dealer, and we work with customers if there is a significant issue that arises with the car early in the loan. We either will offer to fix the issue for the customer or allow the customer to return the vehicle. Depending on how long the customer had the vehicle , we may keep a small portion of the down payment that is equivalent to the prorated time of the vehicle’s use by the customer. However my dealership has more wiggle room to help customers than most used car dealers do since we have larger margins due to doing in house financing. Even though the dealer in this example was in the wrong , giving a customer a refund on the down payment can be a slippery slope depending on the circumstances. For example, let’s say that a customer purchases a vehicle but then several weeks later no longer wants the vehicle even if nothing is significantly wrong with the car . In that instance, the dealer should not be obligated to give the customer a refund of the down payment, especially since the customer signed a contract. This is not Walmart. That’s the equivalent of an employer signing a contract to pay you a certain salary after hiring you, but then cancels the job offer after you moved across the country to start your new job. Also it sounds like the dealer in your example didn’t have his contracts in order. Any dealer using proper contracts will have “as is no warranty” or “as is warranty included” notices that are signed. Also proper contracts should mention that sales are final. Nevertheless, the dealer in this example was wrong and should of at least given the customer all or most of his down payment back.

[@DaGoldMouFGamer]

Yes the consumer has a right to rescission. Up to 3 years after the purchase .

[@jwanders10]

@@DaGoldMouFGamer that is misinformation.

[@Ro7777]

Why not have car dealership owners have a mechanic FULLY check every last vehicle on your lot to make sure there are ZERO issues with each and every car. That way, the customers and consumers dont have to make lemon law and auto fraud attorneys take all of your assets and surety bonds from the bond companies. Why not just be a car dealership with zero shady tendencies??? Why YOU CAR DEALERSHIPS MAKE US SUE YALL??? A 5,000 DOLLAR DOWN PAYMENT DEPOSIT THE DEALERSHIP is Bitching ABOUT GIVING BACK, SO WE GO TO COURT AND I GET $55,000. You car dealerships need to start thinking better.

[@jwanders10]

@@Ro7777 many dealers do fully check and fix their cars. Some dealers don’t. There are two issues here. Used vehicles unfortunately are unpredictable. You can fully check everything now, but there is no way a mechanic can predict the future and know when each used part is going to go bad on a used vehicle. If a consumer wants a car that will have minimal maintenance, get a new car. However everyone does not get new cars because new cars are more expensive over time and everyone cannot get approved for new car financing. Even then, new cars have issues too, just now as many issues as used cars do. The second issue is that if used car dealers fixed everything on a car, that would drive the prices too high to the point in which consumers will not purchase. The reasons used cars are cheaper than new cars is because the used parts have limited lifespans and will need replacing. If a dealer wanted to sell a car that would hardly ever have problems, he would have to fix what currently is broken and also would have to fix parts that might break in the future but are currently not broken. The key word is “might”. So let me break that down from a monetary perspective. A used car would need to have the following parts replaced to be most reliable: battery, alternator, starter, fuel pump, timing belt /chain, tensioner, serpentine belt, spark plugs, coil packs, fuel injectors, and water pump. That’s several thousands of dollars worth of repairs that are unnecessary because all of those components are not currently bad. Even after doing all those things, there is no way to know when the engine or transmission will go bad. Therefore the best a dealer can do is fix enough on a used car within reason to the point in which the car does not have to be priced much higher than it’s market value.

[@Vicos]

There is an implied warranty of merchantability in the law, regardless of what your contract says.