This is to inform consumers about a very corrupt group of people just out to make a buck. The way it works is the branch manager has a couple of dealerships they deal with exclusively they find people with questionable credit and do contracts on used cars and turn the tables on these people by charging 16-24% interest and do anything, I mean anything to get the loans approved. They allow the dealers to break the law by allowing things like hold checks, falsified documents, fake pay stubs, and falsified insurance records.
Meanwhile the company makes money by charging the customer an average of almost 500.00 per month on a used car the dealership makes make from the finance company and the manager and the finance guys at the dealership
split the money from the sale. Not to mention they add on things like warranties and GAP policies that are expensive and worthless at the same time.
Beware of Buchanan Jenkins, Champion Chevrolet, Executive Motors, Hopkins motors, Bo Williams. They are all junk dealers.
0 comments