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I bought a car about a year ago when I was married. I didn't know much about cars then, didn't do enough research, but I knew what I wanted.
I asked the dealer for a Toyota, any model, I was clear about my budget and the downpayment I had to offer. Everything was fine. He said you may have to wait because we don't have that car this week. That's fine I'll wait. He calls me up st the end of the week. He has a car he thinks is what I'm looking for. I leave work early and race out there. He says well he doesn't have any toyotas but he has plenty of cars within my budget. Frustrated I had left my job early for nothing I look around the lot at the few cars he pointed out. Call my mom and pick one. It was higher than the down payment I discussed previously and higher than the monthly payment I discussed I could pay. After talking to my then husband about it he tells me to get the car. I do.
Fast forward I have had the car almost a year now. My husband and I are processing our divorce. I can no longer afford the car on my own. I move to a new part of the state that has cheaper cost of living but in turn also get a pay decrease from my job because the store at that location doesn't pay as much as I was making. I call my dealership with the car and ask if they offer refinance options for the car. They do not. I ask if they offer trade out options for something cheaper. They do not. I contact other loan companies about refinancing my car. The majority of them tell me my car is only worth 9,000 dollars and it's had a recall on it since before I purchased the car. I had no idea. I paid 20,000 for a used Chevy Captiva with 86,000. Miles on it. I had been bamboozled and it was my own fault. I'm equipped with all the knowledge now but it's a year later. There's nothing I can do is there? I'm raising my son on my own. I can't easily afford 500/month in car payments anymore.
I asked the dealer for a Toyota, any model, I was clear about my budget and the downpayment I had to offer. Everything was fine. He said you may have to wait because we don't have that car this week. That's fine I'll wait. He calls me up st the end of the week. He has a car he thinks is what I'm looking for. I leave work early and race out there. He says well he doesn't have any toyotas but he has plenty of cars within my budget. Frustrated I had left my job early for nothing I look around the lot at the few cars he pointed out. Call my mom and pick one. It was higher than the down payment I discussed previously and higher than the monthly payment I discussed I could pay. After talking to my then husband about it he tells me to get the car. I do.
Fast forward I have had the car almost a year now. My husband and I are processing our divorce. I can no longer afford the car on my own. I move to a new part of the state that has cheaper cost of living but in turn also get a pay decrease from my job because the store at that location doesn't pay as much as I was making. I call my dealership with the car and ask if they offer refinance options for the car. They do not. I ask if they offer trade out options for something cheaper. They do not. I contact other loan companies about refinancing my car. The majority of them tell me my car is only worth 9,000 dollars and it's had a recall on it since before I purchased the car. I had no idea. I paid 20,000 for a used Chevy Captiva with 86,000. Miles on it. I had been bamboozled and it was my own fault. I'm equipped with all the knowledge now but it's a year later. There's nothing I can do is there? I'm raising my son on my own. I can't easily afford 500/month in car payments anymore.
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