Rep Power: 0

So i just got a new 08 honda fit sport on June 25 2008. Well on thur 7/3/08 a guy from the dealership tried to get in contact with me. Well i was busy and couldnt talk with him, so in Sunday he tried again and was telling me that the bank approves me, but not the amount to be financed. So they said that i have 3 options...1)give them 3 or 4 thousand more dol(which i def dont have!!!) 2)geta co signer (no one will!!) or 3) give back the car, and get my old one back...well with my old one they whole saled it out the next day...they had 21 days according to the contract to cancel the sale...but i have no idea why they are doing this...my old car i still owed 2900 on it and it got traded in for 2500 400 more dol were added on. can some one please explain to me, i dont feel like talking to the guy who keeps calling me b/c hes soo rude and if they take my car, they are going to have the worse end of the stick b/c i drive alot for work, and i almost have 1000 mi on it, and me very unhappy!

 
Rep Power: 0

Hey they gave you 2500 for your old car, they added 400 to settle the 2900. They are adding the 400 to your current financing, (your still paying the 400 in your new payment). If these are your only options and you cant make good on any of them, at least you got to ride 1000 miles for only gas. Your between a rock and a hard place, no easy way out, good luck with your decision.

 
Rep Power: 0

I don't know what state you live in, but I believe to unwind the deal, they must make you whole again. That is, you came in with a car and they must return the car or pay the agreed trade-in amount. Hopefully, the contract has the additional $400 they "gave" you as a trade-in. They'll owe you the $2900.00. The problem is, there may be fees associated with turning the car back in. It's probably worth $75 to $150 to spend an hour with a lawyer to review the contract. Do not be talked into filing a lawsuit. It's unnecessary. You have to talk to them. It's not going to get better on it's own. Be calm, nice and business like.