Cagedbird714
Belleville,#2Author of original report
Tue, February 25, 2014
I reviewed contract. The final figures said the amount of the car was 16,895 they added a nice $2000 surcharge for a service plan that I did not need because the car was still under warranty. Also the financing was 17K and then some.
There is no way in hell that the finance charge even at 17% would be more than the car was worth. Don't you agree?
I sent all this information over to the Attorney General. That is major fraud.
Adolph
Homosassa,#3Consumer Comment
Fri, March 09, 2012
.......would either have been living in a cave or come from another planet.
.
Actually you just played into their hands. There are few instances more stressful than any dealings with a car dealer.
Flynrider
Phoenix,#4Consumer Comment
Thu, March 08, 2012
" I got to work today and I reviewed the contract more carefully. "
The time to review a contract is BEFORE you sign it. After you sign it, you are bound by its terms. That's what a contract is. A binding agreement to do what is on the document you signed.
" I am taking the car back, cancelling the contract, inform Capital One not to release a check to them and take my business somewhere else. "
Good luck. Does your contract contain a clause that says you can "cancel" it when you later discover that you did not agree with the deal that you signed? That would be exceedingly rare to find in any contract. If you also signed a loan agreement, you cannot just tell Capital One not to pay. They also have a signed contract that instructs them to pay.
" There is no way that an exciting experience such as buying your child her first car should turn into a nightmare. "
It will always be a nightmare if you do not protect yourself in the negotiation. What you describe happens at car dealers across the country every day. It's how the industry works.
coast
USA#5Consumer Comment
Thu, March 08, 2012
You should have negotiated a lower price instead of permitting them to add 30%.
How much was financed? It was higher than $12993, right? $12993 financed at 17% (outrageous rate) for 72 months would be about $20800, not $30800. You would have had to agree to finance $19000 to end up paying $30800 under those terms. Now you can give us the real figures.