Stivers Ford Stivers Ford Lincoln Fraud Fraud Fraud MONTGOMERY Alabama
It started when a person by the name of Debra called and told me that I was approved for an auto loan, and I asked her if this was actually true, because I have known that I have never had been able to get good credit due to I have never had credit. So I asked her 3 times if this was true, that I was approved for a auto loan up to $25000 so I said I will come down and look at a car. When I came down and I talked to man by the name of Mark, who told me that my credit was not good enough, which was the 2nd lie. They asked me for if I could get a co-signer which I got one with good credit. I told them that I want to be the one that stood on the loan and they could do that that the co-signer will just be the co-signer and nothing else. Well, that was the 3rd lie because bank called to the co-signer and told her that she bought the car, which she never agreed to do. Now today my co-signer called and told is that the bank now want me to return the car back to the dealer which I think it is absolutely no right to do that, that company should fix this, and I will otherwise go to a laywer and sue thsm for bait and switch. I forgot to tell also that the APR was 0% . The car cost 22000 which I counted 611x72 =43000. They just raised the price on the car with 200%. . This is something that the Dealer and the Bank needs to fix. I should NOT be in the middle of all of this. DO NOT BY ANYTHING FROM STIVERS FORD
1 Updates & Rebuttals
Robert
Irvine,California,
USA
Not bait and switch.
#2Consumer Comment
Wed, July 13, 2016
This is nothing more than a dealer talking someone into a deal that no reasonable person would accept. Where if there is any "RipOff" here you let them do it to you, and you really should go after what ever school you went to. Because if this isn't a case of why everyone should be required to take a credit education class, I don't know what is.
First off when you got down there and they said you don't qualify without a co-signer you could have just walked away. But you didn't.
Then when you went to sign the loan documents that you thought were 0% and weren't you could have just walked away. But you didn't.
As for the car, do you really need your first car to be a $22,000 car? If you could honestly afford $611 a month, you should have been putting that aside, in 6 or so months use that as a good sized down payment toward a $10,000-$12,000 car and finance a small amount.
Now, since you stayed and got a co-signer let's go over that. What exactly do you think a co-signer is? Do you think it is just a signature that says you get a car? NO...that is someone who is taking legal responsibility for the loan. Which means that if you fail to make your payments, they will go after the co-signer and any negative credit you get..your co-signer gets. And yes in every state a co-signer is also a co-owner in the vehicle and must be registered with the State as such. Not to mention possible insurance requirements.
So if they truly did tell you to return the car, the person who better be most thankful is the co-signer so they are no longer stuck with what would be your eventual bad debt.
By the way the bank is fixing it. They realized that there is no way you would be able to make the payments, so they are fixing it by requiring you to return the car.