- Report: #75641
Complaint Review: Drive Financial Services - Dallas Texas
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Drive Financial Services
www.drivefinancial.com Dallas, Texas, U.S.A.
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Drive Financial Services Ruthless Dallas Texas
*Author of original report: ILLEGAL REPO ..they are wanting to protect the dealer !!
*Consumer Comment: They want your money, not the car. Any car financed by Drive must be horribly overpriced by the dealer in order for him to make a profit.
*Consumer Comment: Repo a vehicle that you ststed already went back to the Dealer?
*Consumer Comment: HOW THEY DO THINGS...
*REBUTTAL Individual responds: Resolution is in the midst.
*REBUTTAL Individual responds: Resolution is in the midst.
We financed a car through Drive in 04-03. The dealer that sold us the car, marked up the price of the car fraudulently saying it was FULLY loaded. Drive called to verify the options and was told that the car was a standard car. But it was never looked into by Drive. They told us that the deal would be "unwound" and the car was going back to the dealer. 2 months of the car going back lead to them calling me telling me that they were going to repo the car because I was behind.
If the car gets repoed, my suit is voided, and they know that. Now Drive is working with the dealer to REPOSESS the car, in order to stop the lawsuit. They have discussed my account with the dealer and had planned to repo the car, give it back to the dealer, and get their money back, while I sit with a repo on my credit and out all the money I had to pay on the car.
Teresa
Crystal Lake, Illinois
U.S.A.
If the car gets repoed, my suit is voided, and they know that. Now Drive is working with the dealer to REPOSESS the car, in order to stop the lawsuit. They have discussed my account with the dealer and had planned to repo the car, give it back to the dealer, and get their money back, while I sit with a repo on my credit and out all the money I had to pay on the car.
Teresa
Crystal Lake, Illinois
U.S.A.
6 Updates & Rebuttals
Teresa
Crystal Lake,Illinois,
U.S.A.
Resolution is in the midst.
#2REBUTTAL Individual responds
Fri, November 12, 2004
Fortunately, I seem to have gotten in touch with the right person at Drive and they are working diligently to resolve my situation. I am satisfied with the outcome thus far. I would suggest that if you make the payments, you are ok. If you are late or in a situation where you cant catch up, ask for an "Extension." Drive does have options when you are behind, but you have to ask. Teresa
Teresa
Crystal Lake,Illinois,
U.S.A.
Resolution is in the midst.
#3REBUTTAL Individual responds
Fri, November 12, 2004
Fortunately, I seem to have gotten in touch with the right person at Drive and they are working diligently to resolve my situation. I am satisfied with the outcome thus far. I would suggest that if you make the payments, you are ok. If you are late or in a situation where you cant catch up, ask for an "Extension." Drive does have options when you are behind, but you have to ask. Teresa
TERESA
CRYSTAL LAKE,Illinois,
U.S.A.
HOW THEY DO THINGS...
#4Consumer Comment
Tue, October 19, 2004
THEY KEPT TELLING ME THAT THE CAR WAS GOING TO GO BACK TO THE DEALERSHIP, BECAUSE OF A FALSE BOOKING SHEET. YET I STILL HAVE THE CAR, HAVE MADE PAYMENTS. THEY WERE TRYING TO PROTECT THE DEALER.
Richard
Houston,Texas,
U.S.A.
Repo a vehicle that you ststed already went back to the Dealer?
#5Consumer Comment
Wed, August 25, 2004
Ststed in your complaint you said "The deal would be unwound and the car would go back to the dealer" and you also stated that "2 months of the car going back to the dealer" they want to repo the car. Just curious how they can repo a vehicle that already went back to the dealer? Did they recind the original agreement and open a new contract on another one?
Mike
Radford,Virginia,
U.S.A.
They want your money, not the car. Any car financed by Drive must be horribly overpriced by the dealer in order for him to make a profit.
#6Consumer Comment
Sun, January 04, 2004
What really happened: Drive cut a deal with the dealer to get some of the money back to compensate for the lower value of the car. By the way, Drive gives the dealer considerably less than the "Amount Financed" that the buyer has agreed to repay, before interest. Any car financed by Drive must be horribly overpriced by the dealer in order for him to make a profit. "Undoing the deal" would have been bad for both Drive and the dealer. Drive depends on dealers to make money. If they refused to deal with certain dealers just because they're dishonest, they wouldn't make much at all. Since you were willing to make payments, you're actually one of Drive's better customers and they want to keep this deal going. Constant threats to repossess the car are apparently their standard operating procedure. They really want your money, not an old car that is actually worth only a small fraction of what you've promised to pay for it.
Teresa
Crystal Lake,Illinois,
U.S.A.
ILLEGAL REPO ..they are wanting to protect the dealer !!
#7Author of original report
Thu, January 01, 2004
My payments are now current on my car, and they are still threatening to repo my car.. All because they are wanting to protect the dealer !!
