Drive Time DT credit, Ugly Duckling sold me a piece of crap car! Columbia, South Carolina
I purchased a car 2 months ago from DT and it's been nothing but trouble! My bff purchased one too and same with her. They claim to fix it but seem to be working with auto repair shops to do absolutely nothing! 4 times in 2 months this car has been in the shop and the pay off is 13k so no 1 will trade that crap!
1 Updates & Rebuttals
MovingForward
Palm Beach Gardens,Florida,
USA
How are you going to trade it? It is way upside down
#2Consumer Comment
Sun, January 27, 2013
Based on your post, the vehicle is way upside down. If you trade it for another, the amount of negative equity doesn't just go away. It is added to the next vehicle loan unless you have the cash to pay off the negative amount. Certainly its worth checking the value of your vehicle and the payoff balance so you know the actual figures.
If you don't have the money to pay it off, and you decide to just give the car back, then it will go on your credit report as a repo. Once you have signed the car note, you are stuck with it until pay off or successful trade. By successful trade, I mean one that isn't going to bury you in payments that are too high for your budget. I don't work for any dealership. The information above is how vehicle loans work. Of course, you can always get out of the vehicle note by paying it off.
One last thing: it might be cheaper and better for you to take the car to another more experienced mechanic to see if he can get it in better shape for you. Good luck with getting this problem worked out.