Complaint Review: Allen Motors Inc - Thousand Oaks California

May I ask you what may seem to be a stupid question? Why on earth would you want to get involved in a car fleece to begin with? Car leasing is car fleecing, no matter how great they make it sound. Oh yes, its a GREAT deal, its even a FANTASTIC deal...for the car dealer! They make more money in a car lease than in a sale and where do you think that extra profit comes from? Partly from official sounding fees and surcharges and the milage limitations. When you turn the car in at the end of the FLEECE period, they will hit you with some kind of a termination fee and then the excess wear and tear charges, like $200 for a little scratch, $600 for a set of tires etc etc. The excess w/t charge clause is an opportunity for them to trump up the bill. Of course, you agreed to pay them in advance when you got into the STUPID arrangement. Always remember, car LEASING is car FLEECING. There is no "sales" contract because you don't "buy" the car!

Robert and to all who read this. I feel that this car dealer put you in a 'spot delivery' or a 'yank'. The auto industry is in a very slow market right now. Car makers have for the past months have been offering 5.9% all the way down to 0% for 60 months on car loans because they know that if they do not offer something enticing to the car buyers, they won't get them to come down to the dealership. If you're not there, they can't do the deal and make a ton of money. They know that potential customers will stay home and save during these tough times. Also, the reality is that they end up locking you into a deal that has high interest rates by lying to you about the true value of your credit. This is what happend to you my friend. Some car dealers will do anything to lock you in to some kind of car deal. Or will make you think that you are going to get what you want at the payment you really can afford. Car dealers do this "spot delivery" or "Yank" if they know for a fact that they are going to have a hard time getting you approved for a car loan. You might say this tactic gives the dealer a way to hold on to you until they WHACK your credit and drive a bunch of banks nuts before they cut the rope and let loose of you. They will make you think you are approved for a good interest rate. Then after you sign all needed documents they will 'shotgun' your credit application to as many lenders as they can to see which bank will finance you. After the dealer finds a bank that will approve you, the dealer will call you up and ask this question. "Hey Mr. or Ms. car buyer the bank that is going to do the loan for you asked to have you sign some additional documents". "When can you come down to finalize your car deal?" This is a well-planned out scam so the deceptive car dealer can take you out of the buying market. They do not want you to do down the street and buy from someone else who is going to do the exact same thing becuase you This car dealer can't hold your feet to the fire in this car deal if they can't get you a loan. You do have a good position as they don't have a binding contract for that car. The first thing an attorney will tell you to do is to give the car back to them. Even if you know they will not give you your down payment or any other money you had to give them for any of their reasons to hold the car or process the deal. The fact that you continue to keep the car implies that the contract or lack there of is binding until they get you financed. The longer you keep the car, the harder it will be for you to look more like the typical victim of this very much used scam by auto sales people. I hope that I have helped you in some way. At least to understand how they scammed you.