You know...I'm having second thoughts here.
The more I thought about this, the more I wondered about the timing of it all. The six percent is "mentioned" during the negotiations, you dicker them down to a price you like, the papers have to be signed "right now or the deal goes away"... right so far?
THEN- now that you've committed, they're Terribly Sorry to have to be the bearers of Bad Tidings about the interest rate. And of course that whole interest rate thing is your word against theirs.
It's a lit-tle too pat for my taste. It may well be that you were deliberately and very neatly hornswoggled. (The old bait-and-switch, as they say in the trade). As I said before, you're probably stuck with the "contract" and will have to throw yourselves on their mercy.
BUT
You might come back to the table with an advantage, however small. Here's how:
Your State (Pennsylvania?) Attorney General has a large and very aggressive Consumer Affairs office. If this has happened before, and at the same dealer, there may be a record of it via someone else's complaint. There's also a form online for filing a complaint of your own should you decide to do so.
I'm not suggesting that you take any steps at this point, but do take a look at the A.G.'s site and familiarize yourselves with the ropes. Take that knowledge with you when you renegotiate....you might even download and print the form.
There's no harm in letting slip that you're prepared to both inquire into the business' background and/or to file a complaint. That might be enough grease to start the wheels turning in your favor. ALL businesses live in fear of complaints of this type getting into the system.
Naturally, this is a last resort...it may be that tomorrow they'll be most reasonable and either let you out of the deal with a refund, or get you financing at the originally understood rate.
But if not:
Link to Pennsylvania A.G.'s Consumer Complaints OfficeBest of luck to you...
