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I bought a 2016 EX-T back in early August. Paid 19,690 + TTL fees for it.

This is my first time buying a brand new car so my knowledge with contracts/negotiations is lacking. Also, my buying experience wasn't the greatest. Sales and finance weren't friendly with me at all, they were definitely not happy selling me the car at that price. Furthermore, they fooled me into signing GAP insurance but after filing a complaint after my purchase, they refunded the money and I got to keep the coverage.

When we went to finance, the manager slapped me with a 4.64% APR for 72 months even with a credit score above 750. Initially, I stated that I wanted to put down 15k for downpayment and finance 6k but they refused to sell me the car at that price if I did. They heard me wrong and thought I agreed to $1,500 downpayment. Thinking this was such BS, I told them I was leaving but they gave me an "incentive"; they asked that I stay on the loan for 4 months so that they could receive kickbacks for referring me to their lender. In addition, they lowered my rate to 4.24% and took off 4 months interest off the price of my car since they know after 4 months I'll be putting in 15k.

So I signed. I was in dire need of a car anyway and although the dealership OBVIOUSLY did not like me very much, they played ball with my price and lowered it some. After speaking to my friends about this experience, they recommended that I refinance elsewhere before the 4 months with better rates since I found out that there are no penalties. They've felt that they are not my family nor my friends; they clearly disliked me so I do not owe them anything and I could always service my car at another dealer. However, some felt that by refinancing before the 4 months, I'm no better than they are; agreeing to a deal, then changing my mind and screwing them out of their kickbacks.

What would you do in this situation? Refinance to save money, or honor my agreement with them and stay on the loan for 4 months?
 

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I second that, I would refinance as well. Just because they've given you this doesn't mean that you owe them anything. You do what will work out better for you. Think about it this way, if they already don't like you, you're definitely not they're only customer, is it really going to take away that much from them ? And even if it does, you have to remember that you're doing this to save yourself money. They won't do that for you nor do they want you to save money which is why they've been such a pain to deal with.
 

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If you can find a better or the same deal elsewhere with friendlier people, I don't see why you can't refinance as long as it doesn't affect you negatively. Just make sure it won't affect you!
 

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If you can get a better rate for the same term, and no fees that would wipe out your savings with the new rate..do it.
Your money is hard earned, and you don't own them anything. Real World.
 

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give them a bad csi score. its the best way post sales to send them a big screw off message. And service it elsewhere. and refinance it.
 

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some people even go as far as making viral worthy posts/content on social media that gets enough attention and that can do some damage to a dealer like this, in a world where social is the growing main source... looking good on social is necessary.
 

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Yelp is a great place to vent and have the world see it, especially comments from a dealership telling a customer that they just want the extra kickbacks.
 
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