It seems that they are indeed correct in cancelling the deal since they have a right to recind clause if they cannot get the financing that they originally offer. I may have qualified for the 1.9% financing but the car do not fit the criteria of a Certified Pre-Owned Volkswagon. It sucks but I don't believe that there is anything that I can do at this point. They should have known that the car did not qualify but that's not enough of a blunder [negligence] on their part to warrant any futher action. The lesson learned here is that people generally are pretty stupid and as long as all you need is the ability to grunt [and lie without conscience] to be a used car salesperson, get everything in writing and assume that the person you are dealing with knows jack sh*t about what they are talking about.
Original post: I just bought an 03 Jetta GLS. They gave me the Certified Pre-Owned 1.9% financing but then cancelled the deal the next day saying that the car can't be a CPO car because it is under mileage. They told me that the car must have a minumum of 12000 miles or be in service for 1 year in order to qualify. This car was originally in service in July 03 and had only 6500 miles. Because it can't be called a CPO car they can't offer the CPO financing rate of 1.9%. I called VW of America and they told me to talk to the dealer! Does anyone know if this crock of sh*t is true? The dealership was VW of Nan Nuys, CA.