Complaint Review: Precision Toyota Of Tucson

Just when you thought car dealers could not come up with a new scam, comes this:

According to a story in the September 8, 2004, edition of the Arizona Daily Star, Arizona Attorney General Terry Goddard has filed a consumer fraud lawsuit against Precision Toyota of Tucson.

During the Summer Olympics, Precision Toyota ran ads offering their cars at one-half the manufacturer's suggested retail price. When customers tried to take advantage of the offer, Precision Toyota said the offer was only good on the residual value of a lease.

As I understood the story, if the car would normally have a residual value of $10,000 at the end of the lease under this offer the residual value would be $5,000.

The Attorney General characterized this offer as a bait-and-switch. Customers were lured into the dealership with the offer of a new car at half price and found that they had to lease the car for three years and then purchase it as a used car.

Larry
Tucson, Arizona
U.S.A.