QuestionHi!! I looking for help and I think I've found the right person. I bought a car from a dealer (not ford, or chevy, it was a car store.. Valley View Motors in LA) 5 months ago, and I already spent 1200 dollars in parts and service. Now it is in another shop, and Im afraid about how much the automatic transmission will cost, cos its not running good. Its a 2002 Ford Focus 120.000 miles. I paid 700 down and loan 6.000 wich is expensive.
My question is what can I do now? Im dont have more money to spend, I already spent to much and I dont have warranty anymore, I had only 1 month warranty. Can I return the car, make a COmplain in the consumer affairs, or find anyway to reduce my loss? I dont wanna mess my credit because I have a co-signer. But i really need help..!
AnswerHi Marcelo
Lets look at the negative, can you return the car or have you got any issue, sorry to be blunt, NO, you were not lucky buying a used car or you did not know the steps how to.
Reading into your mail, $700. down and $6000. loan, this is not through a bank or credit union as they dont allow loans under $7500. for vehicles, your credit score is not perfect and your most likely dealing with high interest rates ?
The question now is, where do we go from here.
Phone the lender get a payout and fill me in with details such as rate % your paying now, whom the lender is, and anything else you think I should know.
Lets keep this private - contact me with this info through my website http://www.usedcartips.org/ and under the subject line type Marcelo.
Ray
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