- Report: #201224
Complaint Review: JD ByRyder Cnac Financing - Jacksonville Florida
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Author Confirmed
Why?
JD ByRyder Cnac Financing
Cassat Avenue Jacksonville, 32221 Florida, U.S.A.
Phone:
904-338-9996
Web:
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JD ByRyder, Cnac Financing ripoff,,harrass,,over pricing,,took advantage of Jacksonville Florida
ok,,here we go,,jd byryder has been a nightmare from day one, day one being a year ago this month 7/15/06. they not only have harrassed me,,they have harrassed my friends and my realitives.
i have had problems with the van that they were not willing to fix,i had to pay to have them fixed on my own. not long after i bought it the a/c quit working...i had service engine soon light on constantly..developed a real bad vibration in the front end.
none of which they were willing to help fix even when my warranty was still in effect.
i purchased a 97 chevy astro van from jd byryder..after financing the total price coming to just over 13000 dollars. i had a 3 year contract with them...i have been paying on it for a year now and they say i have only paid a little over 1500 close to 2000.
i was paying 172 every 2 weeks for the past year,,that coming to just over 4000 dollars being paid off the van..not to mention the times i paid extra money or double payments.
so i told them that they could have the van back because i couldnt afford to pay on something for a year and only pay off 1500 dollars,, when in reality i had paid off close to 4500.
so they got their van back,,but are now saying that i still owe them almost 10,000 dollars which they will garnish my wages for the next 2 years to get from me.
is this right?? can they do this??? i mean after all they do have their vehicle back,, that they are gonna turn around and sell and rip someone else off with
Stephen
jacksonville, Florida
U.S.A.
i have had problems with the van that they were not willing to fix,i had to pay to have them fixed on my own. not long after i bought it the a/c quit working...i had service engine soon light on constantly..developed a real bad vibration in the front end.
none of which they were willing to help fix even when my warranty was still in effect.
i purchased a 97 chevy astro van from jd byryder..after financing the total price coming to just over 13000 dollars. i had a 3 year contract with them...i have been paying on it for a year now and they say i have only paid a little over 1500 close to 2000.
i was paying 172 every 2 weeks for the past year,,that coming to just over 4000 dollars being paid off the van..not to mention the times i paid extra money or double payments.
so i told them that they could have the van back because i couldnt afford to pay on something for a year and only pay off 1500 dollars,, when in reality i had paid off close to 4500.
so they got their van back,,but are now saying that i still owe them almost 10,000 dollars which they will garnish my wages for the next 2 years to get from me.
is this right?? can they do this??? i mean after all they do have their vehicle back,, that they are gonna turn around and sell and rip someone else off with
Stephen
jacksonville, Florida
U.S.A.
2 Updates & Rebuttals
Nikki
Coconut Creek,Florida,
U.S.A.
Look up a loan amortization calculator.
#2Consumer Suggestion
Mon, October 29, 2007
Go online, find a loan amortization calculator (I like Bankrate) and plug in your original loan amount, the length of time and the interest rate. It will give you payments in terms of months, but you will see that you probably only did pay off $1500 - $2000 after making a total of $4000 worth of payments. Welcome to the wonderful world of financing. When they got your car back, they tacked on repo fees, cleanup fees, etc, then probably sold your van again. Or, they sent it to auction to sell it. They then were to subtract the amount they sold it for from what you owed (plus the fees), and you still owe $10,000. Yes, they can still come after you for that balance. Welcome to the wonderful world of repossession. You can't just give a car back without owing the balance. This is true of all auto finance companies.
Steven
Jacksonville,Florida,
U.S.A.
Did they resell the car
#3Consumer Suggestion
Sun, October 28, 2007
If they resold the car. You should be able to find that out. You will probably owe the difference between what they sold it for and the amount you still owed plus any fees they may have thrown in. Judging from the info and considering JD ByRider is probably sub prime you paid a higher interest rate then going thru a traditional lender. No reason why you should pay the whole difference depending on the info I provided above. Check your legal options thru a consumer lending site.
