I think I got screwed what do you think?

Question

I bought a 2006 Jeep liberty w/ 19000 miles. Tha asking price for it was $15,965. We trade in our 1998 blazer which we still owed $2500.00 According to the salesman he said that they would pay off our blazer and we buy it back from them for $550.00 and give them $500.00 as a down payment. they also used the vlazer as a trade in and was worth $3700.00 but because they had to pay it off it came out to $1200.00. But for some reason they raised the price on the jeep to $16999.00

so after everything price to begin with was

$15969.00

Raised it to $16.999.00 / $1030.00 difference

minus $1200.00 for trade in

$500.00 down payment.

$550.00 buy car back

after all car is $15,327.50 w/ down payment and trade in. why did they raise the price. I asked and they said their was a fee from the bank that charged for paying off the blazer. something is wrong here i dont feel good about this. what do you think.

Answer 1

You basically paid $1600 to buy the Blazer back. If its really worth $3700, you came out a head $2,100 or so.

15965 - 1200 = 14765 - 500 = 14265 -15327.50 = 1062.50 difference

1062.5 + 550 = 1,612.50 less $3,700 = $2,087.50 gain

Answer 2

go somewhere else if you haven't already gone through with it, they are scamming you

Answer 3

You should have walked away. Someone made some money on the deal.

Answer 4

Your thinking is correct.