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What do I do if I think a dealership overcharged me?

I recently financed a 2015 Lexus IS250 with less than 45,000 miles on it. I thought maybe the car was supposed $25,000 because it's a Lexus. I was financed for $29,000. I doubt my car is worth more than $20,000. What do I do in this situation?

12 Answers

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  • 2 years ago

    Your experience will definitely make me take more time and investigating for my purchase of a CPO Lexus OR Land Rover Discover that I would like to have within the next month. Enjoy your car!

  • 2 years ago

    Look at your sales agreement.

  • JetDoc
    Lv 7
    2 years ago

    Car dealers are in business to make money. Looks like they made money from YOU!

    "What do I do in this situation?"

    You signed a contract to buy the car! You make the payments you agreed to make, and drive the car until it's paid for.

  • 2 years ago

    Too late. You already signed the contract and now you are on the hook. This is why you read EVERYTHING and don't just sign like some idiot.

  • Jay P
    Lv 7
    2 years ago

    If you were or not is a moot point now because the deal is done.

    You should have asked more questions and bargained harder before you signed the legally binding contract. Enjoy your new ( to you ) Lexus.

  • 2 years ago

    Nothing, because you now have a signed legal contract, and it's terms are only changeable if the dealership agrees, which there is no way that they will.

    If you did not bother to research what the value of the car was before you signed the contract, that is YOUR error, and not cause to re-open a contract.

    The time to consider if the price in the contract is a good one or not is BEFORE you sign it. Duh.

  • 2 years ago

    Most likely the $25,000 was the sticker price, but then you have taxes, lot fees, and financing fees that do all add up! So $29,000 total is about right!

    Source(s): been there
  • Ron
    Lv 7
    2 years ago

    You have what we like to call a "personal problem". And don't bother commenting on trading it in. You've already lost 5 grand in value. You will never get that money back.

  • 2 years ago

    just call thenn up and talk to thenn about it

  • Anonymous
    2 years ago

    Return the car and get your money back.

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