Complaint Review: Mitsubishi Motors Credit Of America - Cypress California

Linda now it is my turn. Linda I am a Rip Off Report Consumer Advocate. I know of many car dealers that like to Rip Off car buyers and the auto lenders that do business with the car dealers. If you want to read about how car dealers Rip Off you and the bank in a under the table kind a way, Read this below Rip Off Report. www.badbusinessbureau.com/reports/ripoff131258.htm When you get to this above Rip Off Report look at all of the pic's that are posted. Can you say FRAUD? Read this report and you will have a better idea about auto dealer banking FRAUD! Linda contact your auto lender and ask for a copy of the credit application they got from your car dealer. Sometimes when car dealers do not have the ability to tell the truth, they also bend the real truth when they send your credit application to a lender for approval. Once you get a copy of your credit application that you filed out when you bought your car look for info that is NOT TRUE that is NOT IN your hand writing. The problem we have here is that banks that do auto loans do not have the ability to hire employees that have the ability to spot or stop auto dealer FRAUD! Next I have to tell all of you Rip Off Report readers that you are not informed about AUTO DEALER scams is because the media, Talk Radio, newspapers and local TV stations will not expose car dealer scams because I feel that they do not want to lose BIG advertising money that they get from new car dealers. Linda try my little test and you will see that I am right. Here in Phoenix we have a local Talk Radio station that I have been tuned in for about 12 years. They have a guy named Bruce Jacobs that will not chat live on the air about new car dealer Rip Offs and scams that car dealers use to take advantage of car buyers. Bruce will talk about what ever you want, But when it comes to new car dealers and their scams, THAT's OFF LIMITS! I do not care what state you live in, email bruce Jacobs and ask him if what I say is true! His email address is [email protected] Or if you live in AZ call hime up from 5AM to 8AM at 602-258-5394 and ask why he will not chat about auto dealer Rip Off Reports. Maybe you might want to email the others that work at KFYI and ask them the same question. Email these nice people and ask why the will not chat LIVE on the air about new car dealer Rip Off's and scams. If they email you with a reply, post it on this Rip Off Report. I would love to read what they all have to say as to why they will not help expose car dealer deception! [email protected] [email protected] [email protected] [email protected] Linda put these guys at KFYI to the test. Email them and and then post their reply on your rip Off Report. I would love to read it. I also know of a local KIA dealer that has sent a FRAUDULANT credit app to a bank for approval. I cought them red handed and they now have a law suit to deal with.

One point I disagree with. The salesman was acting as an agent for Mitsubishi. They BOTH profited from the transaction. If their agent was acting in a fradulent manner, they are resposible. By the huge number of people posting on this site and others, that speil about refinancing, it must have been a standard sales pitch. When hundreds say the same thing, I'll bet we could find some documentation attesting to just that somewhere. The salesmen all didn't think it up themselves. It was probably a corporate pitch. That is fraud at a corporate level, with an attempt to deceive. And, look what it has gotten them. Good luck.

That's how you got into this mess. Mitsubishi sold you a car. They told you the payments were going to be $500 a month. They told you the interest rate you'd be paying. I can't see any fraud. Mitsubishi even gave you a year to drive around in their vehicle while you paid nothing. Yes, their vehicles depreciate faster than others. You added to that by making zero payments while the vehicle is losing value every month. What did you expect? The lying, cheating car salesman is the cause of this whole mess. He knew d**n well you wouldn't get a lower rate. He told you whatever he had to in order to make the sale. Now, everybody but him loses. You lose. Mitsubishi loses. I only see one option here. Default on the loan. Give the car back. Whether you pay off the balance after sale or file BK is up to you. Perhaps, on your way to returning the car, you'll see this salesman standing outside. Perhaps, you will misjudge your braking distance as you pull up towards him. Oops, I thought you were 10.9 feet away. It turns out that it was only 5 feet. It's a common mistake. One that anyone could easily make. Sorry about that, sport!

Computer timed out so didn't get to finish. When we go into a business we expect to be treared and dealt with in a fair and honorable way. Mitsubishi treated you and thousands like you in a dishonorable way. The second rebuttal was correct in the way he posted about about how at the end of the first year, you would still owe on the price of a new car price, albeit an overinflated price on a year old car with depreciation. I also don't believe that no interest crap. Instead of getting a 3.9 or 4+% loan, you ended up with a 10.9% interest rate. If I were in your position, Normally I wouldn't, but if I were in your position I'd say screw you. You dealt with me in such an underhanded, dishonest manner, I have more important issues to contend with, my health, come get your vehicle, have a nice day. There is such a thing as throwing good money after bad. If enough people refuse to pay on their Mitsubishi's, their public image will be right up there with Enron. Wasn't Joe Liar their spokesmen? Good luck and God bless you.

Computer timed out so didn't get to finish. When we go into a business we expect to be treared and dealt with in a fair and honorable way. Mitsubishi treated you and thousands like you in a dishonorable way. The second rebuttal was correct in the way he posted about about how at the end of the first year, you would still owe on the price of a new car price, albeit an overinflated price on a year old car with depreciation. I also don't believe that no interest crap. Instead of getting a 3.9 or 4+% loan, you ended up with a 10.9% interest rate. If I were in your position, Normally I wouldn't, but if I were in your position I'd say screw you. You dealt with me in such an underhanded, dishonest manner, I have more important issues to contend with, my health, come get your vehicle, have a nice day. There is such a thing as throwing good money after bad. If enough people refuse to pay on their Mitsubishi's, their public image will be right up there with Enron. Wasn't Joe Liar their spokesmen? Good luck and God bless you.

Computer timed out so didn't get to finish. When we go into a business we expect to be treared and dealt with in a fair and honorable way. Mitsubishi treated you and thousands like you in a dishonorable way. The second rebuttal was correct in the way he posted about about how at the end of the first year, you would still owe on the price of a new car price, albeit an overinflated price on a year old car with depreciation. I also don't believe that no interest crap. Instead of getting a 3.9 or 4+% loan, you ended up with a 10.9% interest rate. If I were in your position, Normally I wouldn't, but if I were in your position I'd say screw you. You dealt with me in such an underhanded, dishonest manner, I have more important issues to contend with, my health, come get your vehicle, have a nice day. There is such a thing as throwing good money after bad. If enough people refuse to pay on their Mitsubishi's, their public image will be right up there with Enron. Wasn't Joe Liar their spokesmen? Good luck and God bless you.

Computer timed out so didn't get to finish. When we go into a business we expect to be treared and dealt with in a fair and honorable way. Mitsubishi treated you and thousands like you in a dishonorable way. The second rebuttal was correct in the way he posted about about how at the end of the first year, you would still owe on the price of a new car price, albeit an overinflated price on a year old car with depreciation. I also don't believe that no interest crap. Instead of getting a 3.9 or 4+% loan, you ended up with a 10.9% interest rate. If I were in your position, Normally I wouldn't, but if I were in your position I'd say screw you. You dealt with me in such an underhanded, dishonest manner, I have more important issues to contend with, my health, come get your vehicle, have a nice day. There is such a thing as throwing good money after bad. If enough people refuse to pay on their Mitsubishi's, their public image will be right up there with Enron. Wasn't Joe Liar their spokesmen? Good luck and God bless you.

I feel badly too that you are having such a tough time. Unfortunately, you made a bad deal by not financing the car through your credit union to begin with, the CU could have told you if it was over priced and given you a lower interest payment. By the time you started paying on the car, it was already a year old - so you were paying a new car price for a year old car which you agreed to do. There is no fraud here. This is a reason to NOT delay your payments. Since you signed a contract the company has every right to enforce it and it sounds like they are going to. This is regardless of your situation and they have no incentive to renegoiate. Sales people will say almost anything and most of it is garbage. If you could legally take them to court on their verbal lies most of the sales people would be in jail. I don't think you will have much luck with the Attorney General. Of course, the dealer will say the finance guy does not work for the Credit Union so how would he know what they would do. Sneaky. I sincerely hope Mitsubishi reviews your case does take some positive, constructive action for you.

I'm sorry to hear about the way things are going for you. You're in the same boat as thousands of others who fell for this 1 year, no interest, no payment scam from Mitsubishi. I didn't think Lancers were that expensive. They seem to be more of a 10 to 12 thousand dollars vehicle at best. Several rules of thumbs that might help people in the future. For every thousand dollars you spend on a vehicle it is going to cost you appoximately $25 dollars. Your vehicle cost you $18,000, so 18x25= $450 per month. No matter what those lying, cheating scumbag cars tell you. Second, as soon as you drive your new car off the lot, it's going to be worth about 25% less than you paid for it. $18,000 x .75= $13,500, as soon as you got home. Some cars are worth more, some cars take a 40% hit the first year. Last year, I bought a $30,000 truck and my payments are $505 for 72 months. Good luck.