I had obtain finacing form "Roadloans" with a purchase amount and vehicle milage limit. The loan was approved and ready for vehicle delivery. The dealer however played games for nearly 4 hours, insisting I use their financing abilities...Why? because of loan origination kick backs and the more lienent sales restrictions. The loan from Roadloans helps to protect consumers by not allowing for rediculous value mark-up of vehicles, they must meet the Blue Book and NADA actual retail value...it has to be what the car is worth and is valued at. The dealers then try adding doc fee's which by the was are "bacon' for saller and not a actual cost of car buying but a profit center for dealers where they sell the car below retail invoice and add the fee in to cover the lost. The salesman continued to give us the run around , stating they were waiting on finacing response from the "Roadloans" , when we got fed up we called the company infront of the salesman only to find they had not been in contact with Roadloans at all.
The salesman looked flabergasted. After handing the phone to the salesman he then hung up and told us we needed more money down if they were going to sell at Blue Book. The loan only required $300 and now the wanted to know about a trade, for the $9,9999 2005 Chevy with 77,800 miles Blue Book it yourself). when we said no, then we were asked for $800 in cash. The salesman said I am in the business of making a profit. I interjected saiing: " And selling car's too right?'.
The bottom line is beware when going in with your own loan often the salesman will steer you to the finance department telling you they can beat the percentage rate. What they really intend, is to get a larger loan amount that elleviate the lost pocket revenie that they can get from a bigger saleand unsuspecting unprepared shopper and in which they can add deal prep fee's Document fee's and other handling fee's plus get the kick back from the loan originator. Wish there was more honesty in the business of selling to the public a "Big" commitment finacially. Don't give up because one shyster of bad morals. Funny thing the next day GM issued a recall on the vehicles model year, how about that.
Brighton Ford Reviews
I had obtain finacing form "Roadloans" with a purchase amount and vehicle milage limit. The loan was approved and ready for vehicle delivery. The dealer however played games for nearly 4 hours, insisting I use their financing abilities...Why? because of loan origination kick backs and the more lienent sales restrictions. The loan from Roadloans helps to protect consumers by not allowing for rediculous value mark-up of vehicles, they must meet the Blue Book and NADA actual retail value...it has to be what the car is worth and is valued at. The dealers then try adding doc fee's which by the was are "bacon' for saller and not a actual cost of car buying but a profit center for dealers where they sell the car below retail invoice and add the fee in to cover the lost. The salesman continued to give us the run around , stating they were waiting on finacing response from the "Roadloans" , when we got fed up we called the company infront of the salesman only to find they had not been in contact with Roadloans at all.
The salesman looked flabergasted. After handing the phone to the salesman he then hung up and told us we needed more money down if they were going to sell at Blue Book. The loan only required $300 and now the wanted to know about a trade, for the $9,9999 2005 Chevy with 77,800 miles Blue Book it yourself). when we said no, then we were asked for $800 in cash. The salesman said I am in the business of making a profit. I interjected saiing: " And selling car's too right?'.
The bottom line is beware when going in with your own loan often the salesman will steer you to the finance department telling you they can beat the percentage rate. What they really intend, is to get a larger loan amount that elleviate the lost pocket revenie that they can get from a bigger saleand unsuspecting unprepared shopper and in which they can add deal prep fee's Document fee's and other handling fee's plus get the kick back from the loan originator. Wish there was more honesty in the business of selling to the public a "Big" commitment finacially. Don't give up because one shyster of bad morals. Funny thing the next day GM issued a recall on the vehicles model year, how about that.