Business ProfileforDynamic Marine and Motorsports LLC

18 days after we purchased our boat my husband gets an email from the Finance Manager, Laura, stating “I did not previously see where the bank wanted to get proof of income. Can you please send over your last pay stub.” We sent that in and are told 25 days after having the boat that the bank is not going to approve the loan with just my husband on it. We have a signed buyers order and sale contract from the boat company dated the day we took home the boat. Now you’re telling us there was never an approved loan and we have to either add a co signer or they have another bank that will consider my husband with just his income. At this time, we asked for the owner to give us a call. Matt (the owner) admitted Laura’s fault and said “people make mistakes” & there was a “simple solution” for us to sign the other loan where our payments would actually be cheaper per month. Yes, our payments may be cheaper but that’s because the interest rate is 1.5% higher and the loan is extended out for an additional 5 years. That adds up to an additional roughly $10k over the 15 year span. I am sorry but that is not a “simple solution.” At this point we let Laura know we wanted to return the boat since our original loan that we have signed paperwork for was never approved. We received an email from their lawyer stating we were “not entitled to unwind the deal at this point” and we have “ignored a simple solution to a problem.” How in the world are we “not entitled to unwind a deal” because of the Finance Manager letting us take home a boat that she never got approval on? How is adding $10k to our loan a “simple solution to a problem.” We would have NEVER signed the contract with the higher interest if we knew this information before we took the boat home. So basically, you’re forcing us into buying a boat with your company. We unwillingly added a cosigner to the loan. Still resulting in a .5% higher interest rate than the original loan since we were being forced into purchasing the boat.