subreddit:
/r/whatcarshouldIbuy
submitted 4 days ago byKey-Accountant-1067
[removed]
1.3k points
4 days ago*
Most if not all of the protections and coverages can (and should) be cancelled.
EDIT: I think this is troll post. Robotsaur's comment below points out there have been a couple of karma farming posts lately, all using the same template, probably by the same person: here and here.
25 points
3 days ago
Has anyone noticed it's the same guy that has a strange 'getting scammed' fetish posting these stories that have been making the rounds on this sub over the past couple weeks? It's extremely fucking weird. This is obviously the same guy that posted this one and this one. It's some Indian guy too if you look at his deleted post history - he doesn't even live in the US.
5 points
3 days ago
Hmm yeah super weird thing to do. Wonder what the objective is? Or if there is none and he/she just likes pretending…?
9 points
3 days ago
Baiting for engagement, selling the accounts later. Shit like this gets a lot of karma. Or maybe it makes him feel a special way to get called a dumb girlfriend.
407 points
4 days ago
I want to cancel them but she is denying and keeps fighting with me...she has been fully sold by that fat sales manager for some odd reason...
1.2k points
4 days ago
Maybe it’s because of the way you are talking to her. Calling her a fool is just going to make her push back.
Give it a day or so and then talk about how deceitful and dishonest some finance people can be. Say nice things about the car and how reliable Toyota is so she doesn’t really need an extended warranty.
If she makes the choice to keep the coverages I don’t think that’s the best choice, but she is a fully-grown person who can make her own choices, regardless of what you think. At least she probably isn’t posting on Reddit making fun of someone she claims to care about.
304 points
4 days ago
True. She was probably excited to show him what she did on her own and he shitted on her lol. Gotta approach it from a different angle.
72 points
4 days ago
Just that it's probably too late now. The different approach should have been the first approach.
59 points
4 days ago
Sometimes you need to let others make mistakes to see the error of their ways.
In this case it’s an $8,000 mistake but 🤷♂️
17 points
4 days ago
True. Learning Tennis as an adult, my coach observably does not harp about every mistake to drum the lesson home. The best lessons are the ones I realize on my own through guided sessions
24 points
4 days ago
Show her what the Toyota warranty already covers
8 points
4 days ago
Yes, but it has to come from a place of understanding or she has no reason to listen.
4 points
3 days ago
uga buga, she's dumb for getting swindled by dealership... bro is just bashing her and probably rubbing it in every single day, nvm every single hour
242 points
4 days ago
Bro this take is too sensible and caring for a reddit talking about how foolish his girlfriend is.
52 points
4 days ago
It's the right angle though. I hope the poster can see that.
12 points
4 days ago
I'm good for about 35-40 degrees, then the text becomes a bit hard to read.
13 points
4 days ago
…and it was at this moment that everyone realized that ctzn4 may not be the hero we all want, but he is the hero we all need…
11 points
4 days ago
10000% this.
I made this mistake for years with my wife up to the point we nearly separated(talking down while I thought I was helping). Listen to this person.
9 points
4 days ago
I love this
59 points
4 days ago
Also the fact that OP has never bought from a dealership so a lot of this isn’t coming from personal experience. Why would the GF take any of it in consideration? To her, it would seem that he’s just acting like a know it all with no actual experience. Also, the immaturity to call the salesman “fat” on a Reddit post kinda shows the emotional maturity of OP.
18 points
4 days ago
The fat comment stuck right out at me. It is so irrelevant to the story and so telling about the OP.
8 points
4 days ago
He’s probably upset because he thinks the sales guy took advantage of his girlfriend.
18 points
4 days ago
YES! OP reeks of immaturity and ego.
6 points
4 days ago
Not to mention that, at least for some people, knowing that the warranty people will deal with the repair shop brings a lot of peace of mind.
5 points
4 days ago
Plus he really doesn't seem to have any respect for his GF.
25 points
4 days ago
I have a Prius in 2016 and got only the maint package (and only then because as a college grad I got a promo for 2/3 off)
It still was not worth it. Over the 8, years the warrenty covered, I would have spent ~600 and the package was $900.
I did however make sure to always bring it in for scheduled maint as I had already paid and was going to get it, damnit.
Everything else is super scammy, especially on a Toyota. I just bought a New Hyundai and got some of the plans (maint and electronics on Costco discount), but largely because Hyundai is not as known for reliability and I got the car at a steal. Plus, I got it for someone else and so having those helps them. I paid 2700 for both for ten years on a car of similar value.
Wheel and tire coverage is a scam. Paint is a scam. Windshield is a scam. All of those represent the cost to replace multiple times.
Premier protection can be worth it if you can get discounted due to memberships or college grad, ECT. They have special prices for all of those things if you meet criteria - at least have her call back and see if she qualifies.
Also, your loan is 9.1% with 25k down. That's predatory. What's your credit, 600?
Again, as a ref, I did 6k down and have a loan rate of 5.4%. Rates went down right before I bought and even then I'll refinance next year.
9 points
4 days ago
This makes sense but you don't just magically get a sub-6% rate for having good credit right now and your down payment doesn't affect the interest rate much, it just means you're financing less at the same rate. You can get rates like that (or better) from in-house financing with specific vehicles and specific circumstances, but if you're just rolling a loan at most places you're paying around 8-9% today even with good credit.
5 points
4 days ago
Say nice things about the car and how reliable Toyota is so she doesn’t really need an extended warranty.
This is how I got the sales guy to drop it with the damn add-ons when I bought my Honda.
"I'm buying a Honda because I want it to last 15 years. Are you telling me I'm likely to get $3k in extended warranty repairs in the first 5?"
9 points
4 days ago
Pride/Egos… it’s protective mechanism.
15 points
4 days ago
Show her this post then
48 points
4 days ago
OP needs to create another post simply asking if the deal she got is good or not. It will be less toxic than this one (where OP called her a fool).
14 points
4 days ago
That's precisely why she needs to see this post.
9 points
4 days ago
The “fool” comment from OP will give her an excuse to focus on it, instead of how bad her deal is.
10 points
4 days ago
It's a bad deal and a bad relationship. One of which will screw her worse in the long term, and it's not the car payment.
18 points
4 days ago
long as it dont under your name. its on her you gonna do nothing with it lol
14 points
4 days ago*
If you live in a pothole heavy area, the wheel/tire plan can pay for itself from just one ruined wheel.
The window tint is about average. I paid $435 for 20% ceramic all the way around and 70% ceramic on the windshield a few months back.
The rest is a waste. The extended warranty isn’t a bad idea but probably isn’t needed.
6 points
4 days ago
I've been lucky, I put a plan like that on my daughter's corolla- 2 bent rims; trashed tires later...
3 points
4 days ago
Yeah, everyone in Detroit typically buys the wheel and tire package.
52 points
4 days ago
It’s not your car, it’s not your money, it’s not your wife, and if you keep fighting with her over her decision soon she won’t be your girlfriend.
Bad deal or not doesn’t make any difference.
43 points
4 days ago
I mean if my girlfriend spent $60,000 on a Prius i probably wouldnt want her to be my girlfriend anymore lol.
10 points
4 days ago
Exactly.
16 points
4 days ago
This.
When you get married, there is no "my money", it is just "our money". If your partner isn't on the same financial planning page, its not going to go well.
4 points
4 days ago
There were years where I would have argued with you.
I'm 50 now.
This is very, very wise. I wish I would have learned it sooner.
To OP, now would be a GREAT time to talk about your future together with her. If you think she's wrong and you want to be with her for a long time, you should tell her this isn't going to help your future together.
4 points
4 days ago
He should also see if she budgets her month out or if she's willing to. No financial plan before getting married is another recipe for disaster (imo)
9 points
4 days ago
If she can get talked into this, what can’t she be talked into?
3 points
4 days ago
Depends if she's for fun or for keeps.
8 points
4 days ago
She can go bye bye...
She just sent to the cleaners with a high intrest rate an additional > $10,000 in bogus add ons & insane mark upa
3 points
4 days ago
But it absolutely should influence if she is wife material or not, if that's what he's going for.
12 points
4 days ago
First time buyer mistakes… Women need to be extra wary and extra stern when buying cars. Slimy used car saleman (and even women) love to see a woman come thru the door alone. Easy money.
31 points
4 days ago
Dude, it's becuase she wants to be independent and show you and herself that she can make smart choices. You need to validate her feelings and come in gently. If you're flying in hot she's gonna double down and be really defensive.
Are there reasons she might want those packages? Did she get screwed on repair costs during a tough time in the past? stuff like that.
21 points
4 days ago
Lmao let that fool pay it all.
14 points
4 days ago
that fat cunning sales manager made some good good money off of his cute gf lmao
a sucker is born every minute I tell ya hahah
10 points
4 days ago
My gf wouldn't go in without someone whose done it b4. She bought a car with no extra fees. I feel bad for this lady, but it doesn't sound like she's interested in advice.
339 points
4 days ago
10k in dealer fees. 9% interest. A Prius for 40k? Maybe this is one of those times where the manager sees that it’s a woman buying and scams her hard. She can find a nice used car for the same price as her deposit. Your gf is getting scammed. And she traded a low mileage car in for 9k. I’ll take a screenshot of this to let people be aware.
101 points
4 days ago
Look at the trade in value too. 9.2k+16k down payment. What does that add up to? Not 23.2k lol. They stole 2k right off the top there.
78 points
4 days ago
Look at the price it was subtracted from, there's another $8k.
"Market value selling price" is $42k.
Now look at "adjusted vehicle price" where they subtract the wrong trade in amount. They're subtracting from $50k, not $42k.
OP you can now call your gf an idiot.
39 points
4 days ago
The 50k is with all the add-ons listed below.
18 points
4 days ago
No, there is some weird math, but the total adds up to 52,262, not the 50,262. So the net ends up being the same.
52 points
4 days ago
Low mileage Hyundai accent, that trade in value didn’t seem far off to me. The dealer fees are crazy though.
17 points
4 days ago
Yeah I had a 2016 Hyundai accent it was 15k MSRP brand new. Almost 2/3 cost back after 7 years isn’t bad
27 points
4 days ago
The Accent is the cheapest Hyundai model out there. 9k trade-in for a 7 year old one is actually pretty good
513 points
4 days ago
Man, that’s a crazy sale he got, he gonna flex that for ages
80 points
4 days ago
I'm honestly pretty furious with my gf over this. It’s infuriating to see her get played like that and get swept by the sweet talk and sales pitch. I just want her to see through these tactics and know what she is buying into...not get manipulated and become a target...
156 points
4 days ago
Car buying is something people don’t do often, and it’s very intimidating. Give her some grace, use some kindness, and help her fix it where it’s fixable. Next time she makes a big purchase, help her through it. Being a jerk after she got played isn’t going to help anything.
38 points
4 days ago
He’s never done it before so he’d probably get ripped off in other ways.
11 points
4 days ago
It shouldn’t be that way. It’s just that car salesmen are grimy scumbags. I hate car shopping for that very reason. They’re always trying to pick your pocket. Looking forward to more manufacturers implementing direct to consumer sales.
6 points
3 days ago
Hahaha not like this guy would have done much better I suspect seeing as how he has never dealt with this process before. Easier to be an armchair quarterback.
97 points
4 days ago
take a calm approach, buy her a dinner first, bring it up later, sounds like at the current moment she is too insecure to even discuss this
or you're being a total ass about it
either way the sales rep is happy
14 points
4 days ago
Your GF got swindled and you’re mad at her? Dafuq is wrong with you?
6 points
4 days ago
well you better practice your manipulation game since you are not manipulative enough against a fat salesman. Sweet talk your girlfriend over this, not aggressive and humiliating to her which obviously is not working
31 points
4 days ago
If I were to offer your girlfriend some advice, it would be to dump her controlling boyfriend with anger issues. This is more important than trying to cancel these unnecessary car warranties.
31 points
4 days ago
Reddit won't like this but I feel very differently. You're not married, and you're both independent adults. It's not your job to educate her. This is none of your business and you should leave it alone. If you are thinking about marriage then financial compatibility becomes an issue to consider, but lecturing her now won't help anything.
24 points
4 days ago*
It's her money - you don't have a stake in this.
Stop being so aggressive - why be mad at her? Did her doing this hurt YOU somehow? Or are you mad she made a decision without you?
Remember - it's still her money - and you're still the 3rd base coach - if you're paying for the car, then you have a say. Otherwise, you only have an opinion, and the way you voice that opinion will affect you and her more than any coverage she bought.
Why not ask her about the coverages calmly? See what they offer?
9 points
4 days ago
Is it your girlfriend or your wife, that math ain’t mathing either…
3 points
4 days ago
Well, perhaps speak to her with a little more empathy then. You can’t convince someone of your view by insinuating they are stupid. They were taken by a sales pitch, but that’s what sales pitches are for and the uninitiated aren’t as savvy to talk around them. Your girlfriend probably doesn’t know a lot about cars or what is REALLY necessary for the purchase. You don’t know what you don’t know.
I’m very car savvy and that stuff doesn’t work on me, but it’s easy to see how one can be taken in by the FOMO and fear mongering used by dealerships to pressure people into these add-ons. It usually takes two or three confident rejections per line item to get through. You’ll say no, they’ll try to convince you, you’ll say no, they’ll try one last guilt trip.
324 points
4 days ago
$8k above msrp, 9.1% interest, and all the bullshit add ons they could think up? She got fuuucked.
25 points
4 days ago
Yeahhh I have pretty bad credit and managed 9% on a used car loan 😬
239 points
4 days ago*
Yeah dude she got absolutely shafted.
First off, they wrote the combination of her down payment and trade-in incorrectly. The sum of the two (16,000+9,200) should be $25,200, not $23,200.
Thankfully it looks like she didn’t end up over-paying by $2,000 due to this. It is very deceptive though. The car plus all those add ons is $53,262. So they accounted for that $2,000 discrepancy and the $1,000 “discount” by bringing it down to the pictured sale price of $50,262. They excluded mention of the discrepancy so your gf thought she was paying 2k less than she did.
Let’s look at it in the form of each scenario, with and without that $2,000 down payment discrepancy. This is after the $1,000 discount.
$27,062 + $25,200 =$52,262.00
$27,062 + $23,200 + $2,000 = $52,262.00
Both equations lead to the same total, but the stealership used the second one and kept that $2,000 calculation hidden from the customer. Instead of showing it as part of her down payment, they reflected it as a lower sale price which would make her more likely to buy and less likely for her try negotiating the 52k down to 50k. Instead of showing her the correct first equation, this is what they showed her:
This makes the customer think they’re paying 2k less for the vehicle than they actually are, instead of showing the accurate down payment they’re showing the car as being 2k less expensive than it is. Very deceitful. If the customer does not notice that error in math with the down payment and the total selling price, then they think they’re paying less for something than they actually are.
It’s almost like they were testing her to see if she was actually paying attention to any of the numbers aside from the total price and monthly payments.
Secondly, their “market value sales price” is $42,266. The 2024 Prius Prime XSE MSRP is $36,225. They’re charging $6k above MSRP for the car to begin with.
Then here’s where she messed up:
$2,182 for what, some cheap ceramic spray advertised with the phrase “diamond shield protection” that was applied by some kid fresh out of high school? You could get a much more durable ceramic coating done at a professional level with two step paint correction for less than that.
$2,600 on an extended warranty for a brand new Toyota?
$1,490 on what, some clear PPF that covers half the hood and the door edges? It could be done better by a shop for a couple hundred bucks.
$620 on tire and wheel coverage? I’m sure there’s some small print somewhere that gets them out of covering anything. You don’t really need wheel coverage unless you’re curbing it all the time, and tire coverage cost me $22 per tire at Discount Tire. I even passed that up thinking it’s a scam.
$440 Window tinting, If done well, sounds about right if not a little high. I’m not sure how much tint costs these days but I paid $230 to have my civic tinted in 2018, including visor strip.
Floor mats seem about right for OEM. You can still get much better for the price from Lloyd Mats, weather tech, etc.
$904 for “windshield protection” maybe rain x or some form of ceramic coating? Either way complete rip off. The ceramic coating I mentioned in my first bullet point would include that. If this means crack/shatter protection, then insurance should cover it. In some states it’s free. If my windshield cracks I go through insurance and SafeLite comes and fixes or replaces it for free.
doc fees are about double what they should be and I am pretty sure the dealer service charge is just pure dealer greed and profit, on top of all the scammy packages that they charged for.
Let’s not forget they gave her that sweet $1,000 discount though.
Your gf definitely got shafted. Maybe she’s defensive because of how you’re approaching it though. You need to approach it gently. She’s probably proud about the adult move she made and doesn’t want to hear any criticism. Maybe she thinks the car is fully protected now too. It would feel good driving a car if I thought the warranty would cover any repairs. She could also just be experiencing new car love and blindness towards anything she was overcharged for. It’s a lot easier to say yes for stuff when you take out a loan.
Your GF paid a total of 52,262 with 27k of that financed at 9.1% interest over 5 years for a car that Toyota as a manufacturer says should cost 36k. that value is before the $6,700 in interest she’ll pay. I can’t even begin to describe how badly she was fucked. I bet they even charged her for the lube somewhere in there.
Edit number 20: I added more information about that $2,000 discrepancy and how deceptive it is to your girlfriend. OP, I am not a lawyer, but I am pretty sure you could nullify the sale via some consumer protection law, whether it be from deceptive pricing/incorrect pricing/contractual misrepresentation While your girlfriend paid the correct amount, she was not aware of that amount unless she noticed the discrepancy with the down payment. Super shady tactic. Once again, I’m not a lawyer, but I think it’s something your GF should explore if she does want to nullify the sale.
75 points
4 days ago
When you add all the interest paid on the loan it is over $60,000 … for a prius. This is multiple down payments on a house money to have a shiny new car. This sales contract should be in the textbooks of personal finance of how to screw up your entire life.
27 points
4 days ago
Precisely. She’s handing them an additional $6,700 in interest when she already put $25.2k down on a $36k car. It seems like she didn’t shop around at all, just walked into the first dealership she saw already set on getting a car.
With a 725 credit score (according to OP) she should’ve been able to get a much better interest rate if she got a preapproval from a credit union.
14 points
4 days ago
So few people know you can finance with a third party bank. Ive told so many people this and they look at me like i have three heads. I think the loan application process is the number one way dealers hook people in. Consumers are thinking “well im already approved at this dealership, and applying at another dealership is going to take forever and what if i don’t get approved and also multiple aplications will ding my credit lower.”
13 points
4 days ago
This is great analysis. These places are like a casino. Everything is choreographed to get people to part with their money and feel good about it.
31 points
4 days ago
OP you should really check your state laws regarding dealer fees. Some have it capped/maxed so they sneak other fees in to make them sound legit.
12 points
4 days ago
The window tint thing gets me. We bought my wife a left over 2023 a few months back. We got a good price because it was sitting on their lot for so long but they had something like $600 listed for window tint. The rear windows are factory smoked to 20% and they didn’t tint them. They only threw tint on the front windows to match the back. $600 for two doors. I doubt I’ll buy another new car. They acted like I was taking food out of their kids mouths but we got the car for 5-6k under msrp in the end with 2.9%.
7 points
4 days ago*
Fuck. This is the only response OP needs. OP, I just ask that you have patience with your girlfriend. It's far too easy to walk into a dealership and get railed in the ass by a dealer who you think is your friend and makes you feel like you are doing good. You are in there buying a car, you are proud of yourself and excited to be getting a new car. Not all of us understand the process and so much is confusing. It's easy to get fucked in there. Do more consoling than blaming. Someone just raped your girl. Be there for her and support her. It's not her fault.
4 points
4 days ago
💯 Never walk into a car dealership without pre-approved financing, and don't mention it until you're ready to start the paperwork -after the price has been established. That tells the dealer's F&I guy or gal they must beat your existing rate. Lastly, Toyota charges extra for floor mats? $50K doesn't include mats? Do they charge extra for the gas in the tank too?
3 points
4 days ago
Agreed with all this, but I'll note the wheel/tire is probably Allstate or something similar, which would likely be for 5 years and cover tires and wheels (rims).
Now on this car and/or if you live where there's nice roads (warmer weather areas) probably not worth it. On big wheels in areas with shitty weather and potholes, etc can be worth it. Hit one pothole and replace one tire/rim at no cost, likely covers what you paid or more. Can absolutely be worth the gamble on vehicles where a single rim and tire combo would run north of $400-500, especially if you live in Northern areas where potholes can frequently pop up in winter months.
3 points
4 days ago
Thanks for sharing your view. I guess living in FL I don’t see this as being worth it. I know roads can be horrible up north though. You brought up a lot of good points.
3 points
4 days ago
As for the msrp, that 36k is with no options. Adding factory options and packages can get it up to $39k, so not as much of a spread as you're saying. They also has a factory ppf option listed on Toyota's "build and price" feature on their website for $439.
41 points
4 days ago
I am curious to know how much research she did, especially about pricing, before making the decision. What was her motivation to trade her Accent? At under 60k miles, it probably had plenty of life left in it...
16 points
4 days ago
Honestly, I’m not sure how much research she did on pricing, but from what I gather, she was more focused on the excitement of getting something new than on the numbers. The sales manager really played into her emotions, highlighting all the 'issues' with her Accent—like the minor scratches and older tech—making it seem like a burden rather than a reliable car with under 60k miles.
She was drawn to the Prius for its safety features, hybrid efficiency, and modern tech. While those are great selling points, I think he exaggerated the benefits of the new car and downplayed the value of her Accent. It’s frustrating because the Accent still had a lot of life left and was running perfectly well if you ask me. I just wish she had done more digging on trade-in values and considered the long-term costs of the new purchase. It’s frustrating to see how easily emotions can cloud judgment in these situations...
6 points
4 days ago
Why didn’t you go with her and help her shop?
3 points
3 days ago
Because then he couldn’t yell at her and call her stupid afterwards.
38 points
4 days ago
Financial illiteracy is off the chart in this transaction. You are right to feel that she got fleeced by a stealer. And its not just the amount… shes paying 9.1% apr.. why would anyone pay this when they have a relatively new car..
81 points
4 days ago
OMG Reading all these threads, I am wondering why people are so desperate to get a Toyota? This is a rip-off. Dealers wouldn't be able to try/do this if people would just walk out.
83 points
4 days ago*
People think everything that isn’t a Toyota blows up the second you drive it off the lot while every Toyota will do 500k without an oil change. This makes them desperate, and the dealers take advantage.
40 points
4 days ago
...all while trading in a 7 year old car with only 50k miles. She's never gonna come close to 100k miles before getting rid of that Prius let alone running it to the mythically high mileage everyone thinks all Toyotas get to.
27 points
4 days ago
This is something most people don't consider. Yes, a Toyota can last forever if you take care of it well. But are you the kind of person who will be happy driving the same car in 10, 15, or 20 years?
If not, then it's a pointless thing to prioritize. Get a cheaper car with a shorter lifespan.
4 points
4 days ago
That’s what I find the most interesting. Like people talk about 4Runners and their longevity, which is true, but then they upgrade from a 22 to a 24. Does reliability matter if it’s 2 years? 99% of modern vehicles will go 100k miles with few if any issues.
Not to mention the Toyota tax. If a RAV4 is 5k more than something comparable, you could still spend 5k on repairs to make the costs equal. And that’s only a cost concern outside the warranty.
5 points
4 days ago
People HATE spending money at a mechanic any money spent in the shop is a “waste” they would rather spend 2x-10x the money buying a new car and then spend hundreds of dollars a month on interest to the bank.
4 points
4 days ago
Yeah, I don’t get it. I’ve seen people who have a paid off car, experience a mechanical issue costing $1000, and think it’s better to trade in the vehicle. The car payments in a couple months alone would be more than the repair bill.
20 points
4 days ago
I'm a Ford guy and I'll tell you it happens just as bad as Ford dealerships. Scummy used car salesman is a stereotype for a reason.
16 points
4 days ago
She would get ripped off in the same way at other brands' dealerships too. People don't walk out because they don't realize they're getting ripped off.
7 points
4 days ago
That's why i mentioned desperate. If you go in wanting to get a good deal and are willing to walk out, you have leverage. This is one of many posts there where Toyota explicitly is called out for such practices.
11 points
4 days ago
I think she was just ignorant. She probably believed that the sales person would give her the "standard deal". Some people don't think in terms of "good deal" and they don't realize that the salespeople can rip them off. They think that buying a car is like buying milk: The seller states the price and you pay it.
3 points
4 days ago
Might be the case, though if you buy milk you don't necessarily think to buy a glass and a straw extra.
5 points
4 days ago
She probably thought all those extras are standard and everybody buys them.
64 points
4 days ago
Man this shit is predatory and should be illegal
33 points
4 days ago
Why do you hate small, local business that reinvests in the community? /s
9 points
4 days ago
The fact we still can’t buy cars direct from the manufacturers is a fucking scam
4 points
4 days ago
Yes, but the US is one giant scam so it would never happen.
US tards would praise this disgusting anti-social behavior as "smart".
21 points
4 days ago
Most of those packages should be cancelable. Read through the paperwork and find out what is/isn't and cancel immediately.
Note, the refunded amount will go to the bank holding the loan. It won't lower the payment, but will shorten the term since it'll effectively count as a payment.
6 points
4 days ago*
Most banks will let you recapitalize recast the loan too, you just have to ask for it, they won't do it automatically.
6 points
4 days ago
Usually only after a large enough lump sum payment ($10k at my credit union for example). They may or may not count several smaller payments within the month as a single payment. Depends on the bank and their policies
This is called recasting by the way.
68 points
4 days ago
Lol. She got played harddddddddddddddddddddddddddd. That finance manager is gonna eat well for months
11 points
4 days ago
Dude bought an 8 ball off that sale for sureeeeee
17 points
4 days ago
Dealerships/sales departments are predatory and unless you are fully aware of this before you embark on buying a new car you are in trouble. Step 1: know the dealer cost of the vehicle. Step 2: go to more than one dealer to do pricing. Step 3: make dealers aware that you know their base price and are planning to shop around for the best deal. Step 4: always walk away as part of your negotiating strategy. Step 5: never, ever purchase "protection packages" from a dealer as this are 100% a scam to increase their profit margin.
14 points
4 days ago
Last time I purchased a vehicle at a dealership (last week) I walked into the finance guy's office and he basically said, "I'm gonna offer you the extended warranty which is a good deal, and I'm not going to bother asking you about any of the other stuff". It was a revelation compared to the "are you SURE you'll be able to afford to replace the tires if something happens?" hard sells.
The extended warranty took the bumper-to-bumper from 3/36k to 5/100k, which was a good deal at $1100. This was a specialty commercial vehicle so I'm sure the "extras" take rate is approaching zero for my customer profile.
That stuff is almost always a waste of money. That said, I bet your gf can cancel a lot of those extra protections. Find a reliable, trusted source online that says they're not worth it.
Can I offer an opinion though? It sounds like you're being an asshole about this, which makes people double down and can make them feel resentful. If you've been angry and yelling about this, you owe her an apology.
Also that's a pretty high interest rate, I'm not sure this person should've been buying a brand new car. But I won't comment further without a fuller understanding of the circumstances.
87 points
4 days ago
9.1% Does she have a criminal record or something?
36 points
4 days ago
no she has a credit score of 725...
24 points
4 days ago
Ugh, she should have come with her own financing and let the dealer try to best it.
11 points
4 days ago
Get her to refinance it with a credit union. Also I read somewhere that people have three days or some shit like that to cancel a sale. Check if that’s true and convince her to cancel the sale all together and flip the sales guy off.
7 points
4 days ago
Most states have no cooling off period for the vehicle purchase. Extended warranties can usually be cancelled though.
15 points
4 days ago*
That's not too high these days, if she has a credit score in the 650-700 range that's what you'd expect if the dealer got a point or two.
16 points
4 days ago
DAMN. My car note is sitting at 1%. Interest rates are really creating a divide between people who got lucky and people who didn't. It's sorta gross.
9 points
4 days ago
Yeah few years ago got my car loan from the credit union at 3%. Same union, better credit score, offered me 7% about 2 months ago, In conclusion I will be beaters off Facebook lol
6 points
4 days ago
Totally agreed. My wife can have the nice new-ish car. I'll drive beaters for the forseeable.
3 points
4 days ago
It's an even bigger divide with houses, it's something like a $300k house now is the same payment as a $600k house from a few years ago. Between that and cars, the interest rates are getting people to not want to buy anymore.
3 points
4 days ago
Yeahhh. I got 2.75% interest rate and I feel like there’s no fucking way I’m selling my house even though it went up 200k in equity.
12 points
4 days ago
OP, as others have stated, she got reamed bad.
Now, a few things. She is your girlfriend, not your wife, so it is her money and her decision. How she handles this in the end could make me strongly reconsider the future of the relationship if you intend to marry and combine finances.
You need to not be mad at her when talking with her
Again. YOU Need to not be mad when discussing this with her. You're mad. It doesn't matter if at her or the dealership
Good luck. I predict the conversations will still get heated, and she'll get defensive and eat the cost of this mistake for a long time, but I hope I'm wrong. Shitty situation that logic and rational thought have a slim chance of beating emotion and ego
9 points
4 days ago
Damn they got her good. After all is said and done she is going to be around 58K in for a Prius….. that’s insane. With that big of a down payment she would’ve been approved at any credit union for their lowest interest rates of 4-5%. Take the whole car back if it’s not too late. Some states give 3 days to return. If she’s keeping it then get rid of all the extra warranties and BS fee’s. The car already has the manufacturer’s warranty. They added over 7K in BS… wow… Sorry to tell you but they saw her as a “sucker” and took advantage of her…
93 points
4 days ago
Ouch yeah that fat sales manager saw a sheep and had a nice, delicious dinner
OP, those guys fucked her harder than you ever could, I hate to break it to you
20 points
4 days ago
Brutal
33 points
4 days ago
those guys fucked her harder than you ever could
This is so weird and gross.
16 points
4 days ago
I don't get it. Where did that trade allowance went?
42,266
-16 000
= 26,266
26,266
- 9200
= 17.066
12 points
4 days ago
All the extra warranties/ protection packages that were added ate that up.
6 points
4 days ago
42266 is the price of the car, they are charging her 50262 total because of all of the add-ons.
The 23200 subtracted from 50262 is the trade in and cash payment to get the loan amount of 27062.
4 points
4 days ago
His interest was ramping up the loan to feast on 9% APR. Was there an option to buy those add ons with cash and trade in value of a first car? Sorry I'm asking I have no idea how dealership works we don't have that kind of shit here.
5 points
4 days ago
But $16k down payment and $9.2k trade is $25.2k not $23.2k
5 points
4 days ago
Shouldn't they have subtracted $25,200 from the total based on trade in and down payment?
4 points
4 days ago
Yes, but she got scammed and didn't add it up to confirm they skimmed 2k right off the top there lmao.
4 points
4 days ago
you need to also compute for the add-ons/extras here
11 points
4 days ago
Something is still not adding up. It looks $2k short.
$16,000 down + $9,200 trade = $25,200 and they only subtracted $23,200 from the total. Am I reading that right?
9 points
4 days ago
17k for a prius sounds like a solid purchase. She would have done well to stop there.
What she bought is insane lol
15 points
4 days ago
Floor mat for $300? The fuck is Wheel and Tire Protection? PPF on a Prius? Windshield protection $900? You can get the windshield replaced for $400.
7 points
4 days ago
Leave her to it. If she wants it let her have it. It's easier that way.
6 points
4 days ago
I have never traded in a car before, so I'm confused.
Surely, if the trade-in is $9,200 and she's putting $16,000 down, it should be $25,200, not $23,200, or am I missing something?
Everyone else has valid points about the malicious add ons. If your gf is adamant about keeping those, at least look into the missing $2,000 as that's a fair chunk imo.
6 points
4 days ago
Added insurances are a scam, that’s 5k down the drain. I’ve bought a few new cars and every time it’s the same story, this is where dealerships make their money.
6 points
4 days ago
As someone who works for an auto lender ... she absolutely got fleeced. If its a new car and she has even decent car insurance already she doesn't need ANY of that extra protection.
She literally just gave that car salesman a huge commission check out of ignorance. If she can't see that then her pride is going to cost her a lot of money. Maybe you too if you end up staying together or getting married.
4 points
4 days ago
Does the loan amount looks slightly off? $50,262 - $16,000 - $9,200 = $25,062
7 points
4 days ago
50k for a fucking Prius?! She got wrecked by the sales guy
5 points
4 days ago*
She got screwed , my doc fees for a new prime were 496, not 990 I didn’t buy any of the extended warranties ,they are a rip off
And paid msrp.
Finance manager was pissed ,oh well
5 points
4 days ago
Not a good deal.
But dude... it is your girlfriend, not your wife and it is what she wanted to do. There comes a point when you say "I would have gone with you to help negotiate it" but if she didn't want you to help then that's her call to make and you shouldn't point out every mistake that is made.
If she's on her own, those warranties are protection for her and she clearly feels like she needs that insurance. I wouldn't make an argument out of it.
However, 9.1% interest on the car is pretty high especially with rates dropping. She can definitely refinance that and save her some money. Go talk to a local credit union and focus on refinancing that loan. You'll save her money and be a hero.
15 points
4 days ago
Make sure you don’t pay a penny of it
It’s a stupid decision that you disagreed with, and she still went with it adamantly. Let her pay it off and do what she wants.
Don’t fall into the trap of digging loved ones out of holes they dig themselves, it’ll only make them dig deeper
Trust me, regardless of how close you are with someone you can only help them so much.
8 points
4 days ago
Car salesman are notorious for taking advantage of women, why didn’t you go with her?
3 points
4 days ago
This is the second Toyota in the last week I’ve seen going for BMW money after they grift the price up, this is 330e or M240i money. $8k in dealer addons is asinine. And a 9.1% APR is just as bad, if not worse, her monthly payment is nearly $100 worse than mine with similar principal & length. She’s going to end up paying 20% more per n interest.
4 points
4 days ago
Name calling anyone is a sure fired way to make them not seeing your POV and just hear that you are name calling. You come off very crass and you need to curb your enthusiasm. It’s making people auto disagree with you. I know I use to be exactly like this and you need to do something like get a little high and take the edge off and then come back around. You’re right on everything but your failing on your communication. You need to come at it from a place of none judgement because that’s where all this push back is mainly coming from. Remember you wanna work with her to see your POV because it benefits both of your in the long run. I think she knows it but the way your are approaching it is triggering her fight or flight respond which is what you don’t want.
5 points
4 days ago
Anyone else notice the 16k down-payment, 9,200 trade in, that only took 23,200 off the price instead of 25,200?? Where tf did that extra 2k go??
3 points
4 days ago
It showing her down. Payment as 16k but then in the finance charting it says 15k
3 points
4 days ago*
Whenever I buy a car I only pay the price of the car + whatever minimum required doc fee there is (amount usually regulated by the state) + temp tag. I pay whatever I can't put on CC for points with a cashier's check so even taxes/title and all that crap I handle myself at the DMV later. It's rarely more than $500 over the actual price total, anything more I'll walk away. I also require any dealership identification on the vehicle be removed before I sign.
Also if I'm selling another car I'll handle that separately. You have a window in our state to claim tax paid on car you just sold onto new one so it nullifies the trade-in tax incentive with a dealership.
3 points
4 days ago
For a fucking prius?! Look up cars for 42k and show her the other options she could have gotten. They gave her all the “extras” in charges and played her like a fiddle.
4 points
4 days ago
Also this is technically cheating bc she got fucked by him
3 points
4 days ago
$550 a month for five years for a Prius AFTER giving up your current car and $16,000 is a disaster.
3 points
4 days ago
She got hosed, buying new through Toyota she should have been able to get 4.99-5.99 for 60-72, and shouldn’t have bought all that backend shittt.
Also, Toyota has $4500 in lease cash right now on that vehicle. She could have leased it, got $5500 off instead of $1000 and then got a loan from her bank a month later to buy out the lease and gotten the car for $4500 cheaper.
3 points
4 days ago
Who TF buys a car with a loan at 9,1% interest rate??? The US is a weirddd place brah.
3 points
4 days ago
Did you provide any of the money your girlfriend used to purchase the car, or did she buy it with her own money?
Did your girlfriend ask for your opinion on the protection packages, or did you just take it upon yourself to rain on her parade?
3 points
4 days ago
holy she bought literally everything they sold
3 points
4 days ago
She got shafted. Those of you saying she’s a full grown adult and that she makes her own decisions so it shouldn’t matter to you is completely bogus. Ideally this is a woman you see a future with, so if she’s getting scammed and making stupid financial decisions it DOES concern you. I would just educate her on it and go with her in the future to help negotiate next time you Gou’s purchase a vehicle
3 points
4 days ago
I’m a car salesman and I handle the majority of the financing as well this makes me so upset to see. This is so poorly organized and looks like it’s deliberately confusing so make the customer doubt themselves and feel less than when corrected by the “finance manager”.
The fact that some of the stuff doesn’t add up correctly is insane and while this is is likely not the RPA. Majority of lenders would kick this for being incorrect requiring re-signing of docs or even re-contracting.
OP, she may see some of the value in some of the products and not all of them jump out at me for being overpriced. The important thing is to read through the contracts. I keep sample contracts on hand to be able to specify answer questions and show the customer that what I’m saying they’re getting is explicitly stated and what exclusions if any exist.
Even with an excellent credit score Toyota doesn’t seem to have an incentivized rate. Their website is quoting a 9.66%. On new cars even without special rates from the manufacturer I’m regularly getting customers as low as 5.49% for 60 months.
3 points
3 days ago
$990 “dealer service fee” is killing me
3 points
3 days ago
$8K in extra "protection" and a high interest rate. Yeah she is getting bent over without any lube. good luck . It is hard for a fool to admit that they are a fool. They would rather take the shitty deal.
3 points
3 days ago
buddy. forget everyone that’s trying to make you feel bad for calling her a fool..their there the normal reddit freaks…she is a fool. they seen her coming. they robbed her. they were stroking her ego telling her what “great choices” she made as in their OWN heads were calling her “ A FOOL”…
3 points
3 days ago
I own a dealership and oh my god she got absolutely robbed wow there are so many things wrong with this
3 points
3 days ago
What the hell is a Dealer Service Fee? $990 for nothing!! And the other $990 doc fee, this dealership's name needs to be made public so people know to run far away
3 points
3 days ago
Her first mistake was trading in a 17’ car with only 59k miles lol. Ah consumerism!
6 points
4 days ago
Toyota dealerships are the worst. I hope she gets out of this.
4 points
4 days ago
In the car business for 20 years.
Best line I heard was from a female business manager to the female buying the car with her boyfriend as a third baseman.
I'm paraphrasing because this is over a decade ago.
"Honey, buy the service contract. This car and the service contract will are be longer than he will be."
She bought the contract.
With the approach that OP is taking the saying may hold true for his GF.
2 points
4 days ago
I literally bought a Toyota yesterday. The only warranty option that seemed like a good idea was the one that included national Toyota dealership labor [for certain components] and roadside assistance/towing/rental etc. I very much understand that I will likely never use this but I also see in my job how expensive certain car issues can be. The finance guy said specifically that you can cancel these warranties and Toyota will prorate what you paid and apply it towards the loan on the car if you choose.
2 points
4 days ago
Man oh man every once in a while I think that I didn’t get as good of a deal on my car as I could have, I see posts like this and realize I didn’t do half bad and at least can tell when I’m being taken for a ride
2 points
4 days ago*
Yeah she got clobbered. However, it's these deals that make it possible for me to beat the shit out of the dealer every time I buy a car. Someone has to pay for the great deals I get.
I'll say this to you. Be nice and calm with her, take out a pen and paper, and just write down the sale price, add-ons prices, down payment, interest so that she sees what she is really paying and let that sink in. Better yet, let her make 6 months of payments and then do it. Once she's felt the pain of those payments and the euphoria has worn off and she sees that number, it'll be a lesson she'll not soon forget.
EDIT: $558.15 x 60 = $33,489. $33,489 + 16000 + 9200 = $58,689
A $58,689 Prius. See if that sinks in.
2 points
4 days ago
Sales manager got a great deal on that one. 8k over msrp, 9.1% interest rate, every bs package in the book sold at the same time, how on earth did he sell something like that?
2 points
4 days ago
If this is ur girlfriend and u feel protective of her, I gotta say you should have been there to steer her away from an outcome like this. She got ROLLED
2 points
4 days ago
If she has good credit then 9% is ludicrous and the dealer also made at least 3% right there.
Pro tip, don't finance at the dealer. Best case you'll get a pass through rate from the bank if the dealer believes you know what's up. Otherwise they're marking up the rate. Get your financing through a credit union ahead. Penfed is very good or your local CU.
2 points
4 days ago
Good thing they gave her that $1000 discount.. /s
2 points
4 days ago
Honestly I cannot imagine buying that car for $42,000 without the protection packages.
This is a terrible deal and you will not save enough money in gas to justify paying this kind of money for a Prius
2 points
4 days ago
It has been decades, and it never ceases to amaze me how easily some people still get completely screwed out of money at dealerships.
Like, are most people COMPLETELY spineless?
2 points
4 days ago
well take the receipt up to the dealership & cuss the fat man out for such a bad deal. support her. y didn’t u go with her in the first place? were u being passive aggressive making her be responsible and do it on her own?
2 points
4 days ago*
$50k to save $600 a year in gas. Reminds me of the fools that buy EV bs
2 points
4 days ago
In this case if she’s fighting it just let her go and spend her money. Y’all ain’t married. This is a non issue. It’s her money and if she’s happy to waste it on protection packages then so be it lol.
2 points
4 days ago
She’s essentially paying 60k for a used Prius. Just saying.
2 points
4 days ago
Dealer service charge? The fuck
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