Turn on NBC now if you can. They're talking about how car dealears screw the consumer by jacking up rates after the consumer signs, adding fee's, forging sigs, etc... Lute Riley Honda in Dallas was just on there.

 

well be aware and don't buy from them good lookin

 

i just watched that thing. Boring but it was kindof an obvious thing that was already happening at every dealership.

 

If you guys paid careful attention you would have seen in a little commerical clip during the show of a guy peeling out and drive away in a black S2000 while the car dealer says "Get it outta here"!! I thought that was hysterical!!

 

[QUOTE]Originally posted by Mister2
If you guys paid careful attention you would have seen in a little commerical clip during the show of a guy peeling out and drive away in a black S2000 while the car dealer says "Get it outta here"!!

 

Just keep in mind that there are honest dealers out there that realize that those things are ILLEGAL and I am proud to say that I work for one of them.
Neal

 

funny the same thing happended to me my dealership - we agreed on a price - my credit is awesome - into the finance office and the guy offers me 8.25% (higher than any one of my Cedit cards) - WTF?? i wanted the car and he said that was the best intrest rate he could offer and he called 4 banks - I was pissed BUT again i wanted my S

signed everything and went right to my credit union - got a new loan at 4.9 the next day

 

WOW... was THAT timely! I'll be quoting that Monday morning when I go back into Pat Milliken Ford with my Lawyer!!

I bought a 01 Explorer for the Winter, and they quoted me 4.9%. He took all of my information, and I even said "hey, if you need me to grab a cosigner to ensure I get the good rate... it will not be a problem" (5 years out of college, and still payin for how I missed a couple credit card payments over the years!)... and he stated "alright, we'll let you know"!

My salesman was a very nice guy, and actually sold a couple cars to my financee's family in the past. He had called me the next day and said "Don't worry about a co-signer, everything is fine... we got you approved on your own!"... I'm thinking "HELL YEAH!! "
...I go into the dealership that night, spend about 10 minutes flying through paperwork, signing everything... because the dealer was about to close... and drive home.

Wednesday... I got my bill. Instead of $318 a month...

...$421 a month at 14.9%

WHAT THE F'k!!???


...so they are apparently working with the head of Ford credit to fix "the problem"... that I should have seen "before I signed everything"...

B.S... bait and ing switch... shady'est move in the book!

 

[QUOTE]Originally posted by joeking1978
WOW...

 

What we always do, is have the financing ready thru another bank. If the dealer can beat the interest then it's theirs if not, then we already have a blank check from our bank with a good interest rate.
And guess what always happen? The dealer always beats the financing by just a little. (By "dealer", I mean their associated banks.)