- Report: #454751
Complaint Review: Darling's Ford - Bangor Maine
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Darling's Ford
403 Hogan Rd Bangor, 04401 Maine, U.S.A.
Phone:
207-941-1330
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Darling's Ford No option to finance at end of lease Bangor Maine
At 18, an intelligent witty young lass was I, I entered into a lease for a 2001 Ford Focus. Needless to say, as we all know young people will, I put on some excess mileage on the vehicle by the end of the lease. I was not concerned, afterall, my salesman assured me I would have the option to buy the vehicle at the end of the lease. Because I was 18 and had no established credit, my mother signed the necessary documents as co-signer and was approved.
However, when my mother applied for financing at the end of the lease term, she was not approved. How baffling! Alas we were left with truly no option to buy, unless we could fork over the $7,000 in cash that very day to pay for the "excess mileage" on the vehicle and such and so were forced to pay only for the mileage with no hope to purchase and own the vehicle in the aftermath. What a scam!
Today I am consistently being harassed by Ford Motor Co. or its representatives/ affiliated debt collecting agencies to pay an outrageous amount of money for the excess mileage alone in addition to monthly interest on this overmileage despite that the company sold the car years ago and have already made a profit on my misfortune!
Gordonmg3
Bangor, Maine
U.S.A.
However, when my mother applied for financing at the end of the lease term, she was not approved. How baffling! Alas we were left with truly no option to buy, unless we could fork over the $7,000 in cash that very day to pay for the "excess mileage" on the vehicle and such and so were forced to pay only for the mileage with no hope to purchase and own the vehicle in the aftermath. What a scam!
Today I am consistently being harassed by Ford Motor Co. or its representatives/ affiliated debt collecting agencies to pay an outrageous amount of money for the excess mileage alone in addition to monthly interest on this overmileage despite that the company sold the car years ago and have already made a profit on my misfortune!
Gordonmg3
Bangor, Maine
U.S.A.
6 Updates & Rebuttals
Robert
Irvine,California,
U.S.A.
Well...
#2Consumer Comment
Mon, May 25, 2009
Actually a more appropriate term for you would be "young and nieve" rather than "intellegent witty young lass". For your future dealings with any contract you have to remember one rule. If it is not in writing it does not exist. So unless the assurance was in writing that you could get a loan, you can't rely on that. But I will also say that if you kept your overall credit and income good, the chances of you getting a loan would have been very good. So there are probably other credit/income issues keeping either of you from getting the loan. However, there are several companies that do this and you are not stuck with just Ford Credit. So why didn't your mom(or you) try other banks? By the way the reason Ford Credit is coming after you for the amount is because of the legal agreement you signed when you leased the car that said you would pay for excess milage.
Joe
Fairless Hills,Pennsylvania,
U.S.A.
Unbeleivable
#3Consumer Comment
Mon, May 25, 2009
Let me get this straight, you went 20,000 miles over on the lease, your mother's credit obviously went down the tubes since she signed for the lease and it's the dealers fault. WOW!!!! Some people are unbeleivable!!!!
Cory
San Antonio,Texas,
U.S.A.
Questions?
#4Consumer Comment
Sat, May 23, 2009
How long was the lease? What were the terms of the lease? What was owed on the vehicle at the end of the lease? How many miles over were you? Why was your mother turned down and did she apply for a loan from some other institution other then ford motor credit? Did anything change from the time the two of you first applied v when you or she applied the second time? If they were coming after you for $7,000, you must have put like 20,000 +- miles on the vehicle. They usually charge 35 cents per mile. You could have "bought" extra miles at the beginning of the lease at 5 or 10 cents per mile and saved yourself some money. My dimwit son-in-law went 34,000 miles over on his lease. They put the $12,000 onto his next vehicle. So many vehicle are coming off of lease and have lost so much value that the MFG's arent leasing vehicles anymore. I know ciat isn't anymore.
Cory
San Antonio,Texas,
U.S.A.
Questions?
#5Consumer Comment
Sat, May 23, 2009
How long was the lease? What were the terms of the lease? What was owed on the vehicle at the end of the lease? How many miles over were you? Why was your mother turned down and did she apply for a loan from some other institution other then ford motor credit? Did anything change from the time the two of you first applied v when you or she applied the second time? If they were coming after you for $7,000, you must have put like 20,000 +- miles on the vehicle. They usually charge 35 cents per mile. You could have "bought" extra miles at the beginning of the lease at 5 or 10 cents per mile and saved yourself some money. My dimwit son-in-law went 34,000 miles over on his lease. They put the $12,000 onto his next vehicle. So many vehicle are coming off of lease and have lost so much value that the MFG's arent leasing vehicles anymore. I know ciat isn't anymore.
Cory
San Antonio,Texas,
U.S.A.
Questions?
#6Consumer Comment
Sat, May 23, 2009
How long was the lease? What were the terms of the lease? What was owed on the vehicle at the end of the lease? How many miles over were you? Why was your mother turned down and did she apply for a loan from some other institution other then ford motor credit? Did anything change from the time the two of you first applied v when you or she applied the second time? If they were coming after you for $7,000, you must have put like 20,000 +- miles on the vehicle. They usually charge 35 cents per mile. You could have "bought" extra miles at the beginning of the lease at 5 or 10 cents per mile and saved yourself some money. My dimwit son-in-law went 34,000 miles over on his lease. They put the $12,000 onto his next vehicle. So many vehicle are coming off of lease and have lost so much value that the MFG's arent leasing vehicles anymore. I know ciat isn't anymore.
Cory
San Antonio,Texas,
U.S.A.
Questions?
#7Consumer Comment
Sat, May 23, 2009
How long was the lease? What were the terms of the lease? What was owed on the vehicle at the end of the lease? How many miles over were you? Why was your mother turned down and did she apply for a loan from some other institution other then ford motor credit? Did anything change from the time the two of you first applied v when you or she applied the second time? If they were coming after you for $7,000, you must have put like 20,000 +- miles on the vehicle. They usually charge 35 cents per mile. You could have "bought" extra miles at the beginning of the lease at 5 or 10 cents per mile and saved yourself some money. My dimwit son-in-law went 34,000 miles over on his lease. They put the $12,000 onto his next vehicle. So many vehicle are coming off of lease and have lost so much value that the MFG's arent leasing vehicles anymore. I know ciat isn't anymore.
