Steve
Temecula,#2Consumer Comment
Thu, October 02, 2008
I have great credit and as a result got a great loan package from Honda Finance on two cars at the same time. They have been very professional at all levels. The key here is you have to pay on time regularly and in accordance with the terms of your contract and to do anything else will likely invoke some form of collection action against you. If you don't understand the terms, don't agree to them by signing the contract because then you are obligated..even if you don't understand it. It's not the dealers' or Honda Corp's fault when you don't perform, and it is not the dealers responsibility to determine the customers knowledge level when you go into the store to purchase a vehicle. Know what you are getting into BEFORE you sign, and after you do, pay your dang note on time like you agreed to. Don't blame anyone else for your errors and omissions.
Steve
Temecula,#3Consumer Comment
Thu, October 02, 2008
I have great credit and as a result got a great loan package from Honda Finance on two cars at the same time. They have been very professional at all levels. The key here is you have to pay on time regularly and in accordance with the terms of your contract and to do anything else will likely invoke some form of collection action against you. If you don't understand the terms, don't agree to them by signing the contract because then you are obligated..even if you don't understand it. It's not the dealers' or Honda Corp's fault when you don't perform, and it is not the dealers responsibility to determine the customers knowledge level when you go into the store to purchase a vehicle. Know what you are getting into BEFORE you sign, and after you do, pay your dang note on time like you agreed to. Don't blame anyone else for your errors and omissions.
Steve
Temecula,#4Consumer Comment
Thu, October 02, 2008
I have great credit and as a result got a great loan package from Honda Finance on two cars at the same time. They have been very professional at all levels. The key here is you have to pay on time regularly and in accordance with the terms of your contract and to do anything else will likely invoke some form of collection action against you. If you don't understand the terms, don't agree to them by signing the contract because then you are obligated..even if you don't understand it. It's not the dealers' or Honda Corp's fault when you don't perform, and it is not the dealers responsibility to determine the customers knowledge level when you go into the store to purchase a vehicle. Know what you are getting into BEFORE you sign, and after you do, pay your dang note on time like you agreed to. Don't blame anyone else for your errors and omissions.
Nikki
Coconut Creek,#5Consumer Suggestion
Wed, February 07, 2007
I have a car bought through Honda Finance in April 2003. I have made most payments on time, but have been late about 15 days a few times. They do not call and harass me about being a deadbeat when I'm late, in fact they do not call me at all. When the hurricanes came through here, they were more than happy to grant me a deferral to help out, and when I called on a Friday requesting my payment due date be extended 11 days for the rest of the loan, they immediately granted it. By Monday (the next business day), my online account reflected the new due date I had requested. You said your sister bought a car in March or April, and already by December, they were auctioning it. I can almost see why the manager was giving her a hard time. Did she make any payments? She had to have known she owed money from the statements she received. Did the statements she received warn her of the possibility of reposession? Did she not realize she had to make the payments? I am sorry if the dealership misrepresented the loan to her. It's also a shame because Honda Finance usually does not finance you unless you have somewhat decent credit. For the next 7 years she will be paying a lot more for her cars, and anywhere she goes to buy another will use the repo against her and raise the interest rate. The $2000 was probably to bring her current and pay the fees, but she owed them that anyway. Honda most likely decided they didn't want to risk being in the same boat with her over the next 7 or 8 months and decided to cut their losses now. She had no payment history with them so they decided not to trust her with their property any longer. I have been without money to pay my bills before and I know we get depressed and tend to not look at our bills because we are so upset with our situation. Possibly she could have gotten the notice of reposession from Honda and not looked at it?