- Report: #1224802
Complaint Review: tidewater financing - Internet
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tidewater financing
Internet, USA
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tidewater financing repo Virginia beach, Virginia
My filing this report is the truth and nothing but the truth. I purchases a car from Pomoco In hampton Va in last July 2014 and it is a 2011 Mustang and the car was 15,500.00 after i sign paper my loan went from 15,500 to 20,000.00 unbelivable and i was so excited that i really did not notice th extra 5000.00 and i was told my my sales rep she do not make any money well somone did, but my complaint is with them and the financinig company in which i think they are cahoogs with each other and my car has been giving problems since the time of purchase i had nothing but problems with hti mustang each month hti car was in the shop where i had to come out of my pocket to pay which was the car payment and now they are trying to EPO my car and that will never happen and until they try to work with me or until i am able to catch my payments up i will hold to this and when going through the motions with this car i did call TIDEWATER financing and the excecutive man i spoke with told me to voluntary repo it and let it go aganist your credit and he did not care or really want to hear what i had to say so they can take meand i need representation.
1 Updates & Rebuttals
Robert
Irvine,California,
USA
Here is more truth for you
#2Consumer Comment
Sat, April 25, 2015
Since you are so interested in the truth and nothing but the truth, here is more for you...unfortunatly you are not going to like it.
First on the extra $4500, not sure how when you are signing something that you don't notice the amount being $4,500 more. But unfortunatly if you signed the contract without reading what you were actually signing then even if they did rip you off..you let them do it.
Now onto the car. When you purchased your car, unless you have a written warranty you purchased it AS-IS that means that from that moment on ANYTHING that goes wrong with the car is your responsibility. There was nothing in your loan agreement that said that you only had to make your car payments when you could.
So yes if you fail to make your car payments they are 100% within their legal rights to reposess the car. So it isn't a case of you not allowing it to happen...it will happen. They are under no obligation to make any arrangements or payment plans with you. Now, if you are thinking you can hide the car so they can't find it. Realize that the more work you make them do to get the car, the more you actually owe. Because YOU are also responsible for any fees and costs they had to incur to reposess your car. This is one reason the person probably told you to do a volunatary repo, because it cuts down on these costs.
If you think when they repo the car you are done..WRONG. They will sell the car at auction and you are still responsible for the difference. If you fail to pay this difference they can file a suit against you. Where if they get a judgement against you, they may (depending on your state) be able to garnish your wages or just take the money directly out of your bank account.
Before you go off on how bad they are..this is the same thing that ANY financial lender has the right to do when a person does not meet their financial obligations.
