They gave me two options - sign the statement and get an additional $7000 off the purchase price or return the car for full purchase price ie cancel the contract before the financing finalized.
That was their game. They knew they could be closed by the state attorney general for this, so they carefully crafted a story. You have the car and are in love with it; you might be willing to take the problem off their hands. $7K? That was CHEAP compared to you going to the attorney general.
They could buy your silence, or--and they know how the game's played--they'll just offer to take the car back. But hey, they don't know if you'll take the car if they don't ask. That's the entire sales game. They specifically and deliberately put you in that position where they could reasonably ask, will you take this car. Then they dangled a $7K carrot.
Now, imagine if they had started the entire sales cycle out this way, from the moment you expressed interest in the car. "The car's been wrecked but repaired; you can have it for an additonal $7K off". That conversation would have ended immediately, and they would have had zero chance of you taking it. But two days later? It's another chance to get in front of you to make an offer.
It's the odds game. They created the rules, they set it up, and they enticed you through it. All for their benefit, all under their game rules. They took advantage of you (or anyone else, it didn't have to be you) in a way that is pure Herb Tarlek car sales.
Me? I would have held out for more. If $7K is on the table right now, how much more could you ask before THEY say "well, we're too far apart, we'll just take the car back from you". I bet you left a TON of money on the table. Because you had the option to walk and take this story to the attorney general--and that's huge leverage. But hey, by that time you had traded your old car in, right? You couldn't just park the Stinger until it all played out. You were *forced* to play it out on the spot, in front of an organization that does this for a living. So the dealer had you over a couple of barrels.
So there you were, on the spot, not knowing what's really happened, playing a game that was invented by the other side, playing by their rules. And you had to make an immediate decision (I'm sure that's how they framed the conversation), without full information.
You were played by some of the finest in the business. Who was this dealer, so we can all know to avoid such skankery?