JD BYRIDER - CNAC THEY OVERCHARGE FOR VEHICLES INDIANAPOLIS Indiana
About 6mos. ago I purchased a vehicle from JD BYRIDER. I was indeed in a hurry to get in a vehicle b/c I needed transportation to and from work. It was a few months after that, that I realized that I was overcharged for a 2000 grand am with over 100,000 miles on it. they were asking for a little over 11,000 dollars for it and with total interest I will end up paying over $16,000 for a car thats not even worth half of what they are asking. Not only that, i had to take my car in 3 times for problems that keep coming up with the car. JD BYRIDER IS A RIP OFF!
Ecsimmons1204
Indianapolis, Indiana
U.S.A.
2 Updates & Rebuttals
Erik
Port Orange,Florida,
U.S.A.
...and also
#3Consumer Comment
Fri, October 19, 2007
if you would have researched the consumer reports on used Grand Ams, you would have known better than to purchase one. Although they get decent gas mileage for their size, they have a tendency to fall apart and cost more in repairs than the car is actually worth... but hey at least you're covered by J.D. Byrider's 18 month warranty (which, by the way, probably doesn't cover half the length of time on your contract)
Erik
Port Orange,Florida,
U.S.A.
About J.D. Byrider/CNAC...
#3Consumer Comment
Fri, October 19, 2007
J.D. Byrider in parternship with CNAC is designed for consumers with poor or no credit. While your car might not even be worth half of what you are paying, chances are that J.D. Byrider/CNAC is one of the only dealerships in your area that will finance and give you a loan no matter how bad your credit score is. It is not the dealership that put the ridiculous price on your grand am, you most likely received a long-term loan with a downright silly interest rate. The long term contract is meant to repair your credit in the long run.... the silly interest rate comes from bad/no credit. This was all explained to you somewhere in the 345784578 pages of contract you signed when you purchased the vehicle. You were not forced to buy the car. You could have figured out the grand total by multiplying the # of months and the monthly payments before inking your name on the contracts. This means you weren't really ripped off, because you should have known what you were signing before you signed it....