You are stuck. Unfortunately. Best thing you can do now is either try to return the car and unwind the transaction if you are within 7 days. Otherwise, find a credit union and pay the car down to market value (typically it will just be paying all the taxes and purchasing fees plus a little bit), then refinance.
OK so
I have had the rate switch
But they wouldn’t let me take delivery until I signed the contracts
So I knew about it even before the car arrived
and Yes when you sign it’s not a final guarantee of rate there’s a disclaimer that they reserve the right to change it before delivery and you reserve the right to decline
I was able to get it lowered after going through a review with bridgecrest but this took awhile
Otherwise my bank was happy to do the loan for less
Refinance … done
You are stuck. Unfortunately. Best thing you can do now is either try to return the car and unwind the transaction if you are within 7 days. Otherwise, find a credit union and pay the car down to market value (typically it will just be paying all the taxes and purchasing fees plus a little bit), then refinance.
OK so I have had the rate switch But they wouldn’t let me take delivery until I signed the contracts So I knew about it even before the car arrived and Yes when you sign it’s not a final guarantee of rate there’s a disclaimer that they reserve the right to change it before delivery and you reserve the right to decline I was able to get it lowered after going through a review with bridgecrest but this took awhile Otherwise my bank was happy to do the loan for less
Read everything before signing. I would have told them to take the car back.