Dealership asks me to sign new contract because bank cannot approve x amount?

Finance representative called me 2 days after purchase saying that i need to sign new car loan contract. Will be a smaller monthly payment, They said that it will be the same APR and same lender but they can only grant me $1000 less than the original deal. Today is the 3rd day after purchase and im set to meet with... show more Finance representative called me 2 days after purchase saying that i need to sign new car loan contract. Will be a smaller monthly payment, They said that it will be the same APR and same lender but they can only grant me $1000 less than the original deal. Today is the 3rd day after purchase and im set to meet with him today. Could he be lying as bait? Will they take the new car? i traded in my old car for $20000, will i have to worry about any of this?
Update: They are dropping the price on the warranty to meet loan amount.
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