So I paid a deposit ($1k) for a used wagon that was listed at $18300. Visited the dealership, took a test drive, liked it and negotiated to close a deal at $17400.
Now something had been bothering me about the car cause it just seemed to lack some features. I researched quite a lot and finally figured that they've lied about the model of the car! In their Ad and the tax invoice provided they claim its an "SLi" whereas its clearly the lower base model "Si", I don't have to do much to prove it.
Based on Redbook data (where they sourced the car specs from), the "Si" prices are:
*Private Price Guide $15,700 - $17,700
*Trade In Price Guide $12,300 - $14,300
.. whereas the SLi prices are:
*Private Price Guide $17,900 - $20,100
*Trade In Price Guide $14,100 - $16,300
I have clearly agreed to pay more than its worth, but its been 3 working days already which means the cooling period has expired and I was about to take delivery today so just wondering what are more options now?
1) I do like the car and willing to take it but not at this price, I'd be happy to take it if they reduced the price by $2000.
2) And If I choose to back out and request my deposit back would the dealer charge me any fees although its not my fault?
Thanks!
If on contract you were to be delivered and SLi, you should get an SLi.
It's a written agreement. Wrong item delivered. Return for the right one.