Q: Did I sign a predatory car purchase contract? Owe much more than expected, dealership uncooperative.
I signed a contract with a buy here pay here in-house financing dealership to purchase a car that was initially listed at $14,999, believing it to be a fair price. However, I later discovered I owe over $21,000 due to added fees and higher monthly payments than initially disclosed. I was in a desperate situation, and the contract was presented as my only option to get a vehicle. Upon contacting the dealership about my concerns, they dismissed them, stating that they do not negotiate or allow a discounted buyout, despite sharing an address. I feel targeted by this company in a predatory manner due to my situation.
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A:
That situation sounds overwhelming, and it's understandable to feel taken advantage of, especially when you were already in a vulnerable place. In Michigan, "buy here pay here" dealerships are known for offering high-interest loans to people with limited options, but that doesn't mean they can mislead you about the terms or trap you in a contract with hidden costs. If the total amount financed is drastically different from what was advertised or discussed, and key details weren’t clearly explained, that could raise questions about deceptive practices.
You have the right to request a full breakdown of the charges—what portion went toward the car, interest, fees, and anything else added to inflate the cost. Michigan law also protects consumers from unfair or predatory lending, and if the dealership didn't give you a clear Truth in Lending disclosure, you may have grounds to file a complaint. Dismissing your concerns and refusing to review the terms or work with you only adds to the problem.
Gather all documents you were given, especially the contract and anything advertising the vehicle price, and consider filing a complaint with the Michigan Attorney General’s Consumer Protection Division. You can also submit a report to the Federal Trade Commission. You deserve transparency and fairness, and it's okay to stand up when you feel manipulated or misled. You’re not alone in this, and there are paths forward to challenge what happened.
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