Larry Miler Ford Ripoff "financing fell through must have higher interest rate" scam Caldwell Idaho
Hello,
My name is Mike, I am a 100% disabled veteran. In February I purchased a new vehicle from Larry Miller Ford in Caldwell.
I now think that the Jeff Kelly (credit department) is trying to run the "financing fell through" scam on me. The particulars are as follows. On February 9, 2004 I spoke with Bob Faulhaber (salesman) and explained that I had tarnished credit and wanted to purchase a new car.
I gave him the terms I was able to afford. He called me the next morning and told me that I was approved to purchase a 2004 Ford Escape with $1000 down and at an interest rate of 12.99%. I drove to Caldwell that day and signed a "Simple Interest Motor Vehicle Contract and Security Agreement" with terms of 12.99% clearly stated on the contract, and drove the new 2004 Escape home to Elko.
I have since sold my old vehicle. At the dealership I was verbally assured that I was approved (as stated at 12.99%). I drove back to Elko the following morning with my new car.
Now, nearly a month later the finace man, Jeff Kelley has called me back saying that they were unable to get my vehicle approved at that rate of 12.99% and it was going to have to be an additional forty dollars a month.
I am now a little irrate about the matter, and after reseaching on the internet I came
across an address:
This explains a scam often pulled on people in my situation (poor credit history). I have read my contract over, my father (two BS degrees - one in Business Management with several Business Law classes under his belt) has read it over, and no where does it say it is "valid upon financing," or "subject to financing."
I am curious if there have been other complaints made to you about this dealer running this type of scam. I would rather give the car back with the 2000 miles I have put on it and get my down payment back than to be forced into a scam. I feel taken advantage of and lied to, and just really bad right now.
If they would of told me from the begining that the interest rate was going to be higher, I probably would not care and probably would have purchased the vehicle. However, it is obvious to me that Larry H. Miller is trying to scam me and take advantage of the fact that I have poor credit and that I am a disabled veteran.
Mike
elko, Nevada
U.S.A.
2 Updates & Rebuttals
Lourdes
Valrico,Florida,
U.S.A.
I would like to respond and explain..... you have signed a "Recision Agreement" which means that you agree to bring the car back
#3Consumer Suggestion
Sun, March 07, 2004
I would like to respond and explain to this and other similar reports on "victims" by car dealerships. If you have signed a "Recision Agreement" which means that you agree to bring the car back if they can not get you financed, also you are not forced to sign the new contract, you willingly signed it for an additional fee and you could have cancelled the entire contract. People should not feel intimidated by sales and finance people in car dealerships. Ask questions and leave the place if you don't feel comfortable. Its your right!!!!
Jim
Orlando,Florida,
U.S.A.
Spot Delivery Scam!
#3Consumer Suggestion
Sat, March 06, 2004
You're exactly right! You've been the victim of the Ole Spot Delivery Scam. What can you now do?
Contact an attorney in your area and ask them if they have handled Spot Delivery Scams. If they don't know what you're talking about, then try another. Also check the internet. Enter "spot delivery scam" in a search engine. Try another "auto fraud". You may find an attorney that way.
Now that you know, spread the word about your experience! I can appreciate the fact that you are a disabled veteran but that does not mean you are entitled to any different treatment than the rest of us! ALL of us should be able to go into ANY car dealership and be treated with respect, honesty and integrity. You have done the first step in alerting the world as to the nature of that dealership!