- Report: #1356724
Complaint Review: Chrome Capital - Salt Lake City Utah
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Chrome Capital
265 East 100 South , Suite 300 Salt Lake City, 84111 Utah, USA
Phone:
800-406-1430
Web:
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Chrome Capital Fore sight financial and Chrome Capital Rip Off changed contract after making all payments for 3 years lost motorcycle and all money i had invested in fixing it up Salt Lake City Utah
Went To American motorcycle trading Co. In Arlington Tx to purchase a motorcycle. They went thru Chrome Capital leaseing program you pay the lease for 3 years at the end of the lease you can trade it in on a newer bike or continue making your same payments for 2 more years and you own the motorcycle. I put $3,000.00 down on motorcycle and planned on doing the purchase at the end of the lease. I invested another 2,500 in easy clutch and chrome and engine upgrades to the motorcycle only to be told one month before last payment was due they no longer offered the purchase option. I would have to turn the bike in or find my own financial services. I never missed or was even late with a payment for 3 years and lost everything i had invested in this motorcycle. They now want to chsrge me $595.00 dollars more for dealership cost to take back the bike. This should be aganist the law as this is a company thst has Ripped off thousands of people for millions of dollars and they still selling motorcycles that we have already paid for. Shame companies can do this to the public and get away with it.
3 Updates & Rebuttals
Pamela
Arlington,Texas,
United States
Read The Contract
#2Consumer Comment
Sun, September 08, 2019
My son is going through something similar with Chrome Capital. After paying for three years and wanting to purchase he is being told that he has to have the remaining balance financed through a third party. That Chrome will not simply apply a purchase agreement and let him pay it off through them. Due to some changes in the past three years and also finding out that most companies will not refinance something that is already held by another company they are saying that there is no option other than to give the bike back.
Of course that is how they make money. Lease something, then lease or sell to someone else, find things so they can charge outrages fees and/or fines, and you have paid in for nothing to show for it. Well, after reading the contract and have them send a copy to us as well, there is NOTHING in the contract about a third party refinance stated.
All it says is that at the end of the lease there is the option to purchase and to give thirty days advanced notice. That leaving the impression to the consumer that it can be paid off through them. I believe it falls under "non-disclosure". Not going to pay for something for three years, maintain it and then just give it back. That's a huge waist of work and money.
Chrome Capital
#3Author of original report
Sat, February 18, 2017
You call they say they have gone out of business but funny part is they call you it's chrome capital. They had the last payment taken from my account by Four sight i called to see who four sight was and why they was taking money out of my account they explained they were chrome capital financial sister company. Ihave filed complaints with Flordia Attorney general office they turned it over to Florida DMV for investigation also filed with Utah State General Attorney office as well as both states BBB. They say they no longer in Business but funny how they still out there stealing money and motorcycles from people all the Harley shops around here have dropped them where i returned my bike they didnt want anything to do with it or Chrome capital said they were Con Artist and aRip off company. This was the dealer they told me to return it too but the dealership knew nothing about it.
Sparrow
Alabama,USA
What does your contract say?
#4Consumer Suggestion
Fri, February 17, 2017
They cannot change the terms of the signed contract. Review it and if needed, call an attorney.
