A local dealership, heck I’ll name them, M&F Auto Sales, did something similar to my sister.
It was a $10K car with about $200 a month payments. She put $1K down. It was financed through a local credit union.
A week after the sale they said they needed an additional $1K in cash and her payments were going to go up $50 a month. She hadn’t lied about anything. She was earning $40K a year and had few expenses. Her credit record wasn’t great, but it was in the mid 600’s. I smelled a rat.
I advised her to tell them to come pick up the car. She also expected a full refund of the $1K she had put down.
Amazingly they came back with an offer upping her payment by $4 a month - they went through a different credit union - and no additional money down.
Scuzballs. If you live in the Albuquerque area, beware of M&F Auto Sales.
WOW!
Sounds like a preplanned trap, that they run when it might work!
I would like to think it is uncommon?
that’s quite a name M and F auto sales. Sounds like their business practices match their initials...
just saying LOL!