Oakwood Acceptance - Vanderbilt
Told Trailer Note Runs 25 Years With 212 Months Still Owed

My husband and I are moving to KY and we put our trailer on the market. In 1999 we purchased a singlewide from Oakwood in Hickory NC.

We found out later that our note had been bought out by Vanderbilt. We have paid over 32,000 on the trailer that the purchase price was 32,000 not including interest. We have found out today that we still owe 212 months at 393.00 a month on this trailer. They are saying that we purchased the trailer on a 25 year note. My husband and I both know that we did not do that. This is for the trailer only. There is no land that goes with the trailer.

We honestly feel like we've been raped. Who in their right mind would pay over 100,000.00 dollars for a 30,000 trailer with no land.

Is there not someone out there that helps the consumer against people that takes advantage of others. There has got to be a law somewhere that protects the consumer. We do not want to let the trailer go back but we in good conscious could not ask someone to take over payments knowing what we do about this company and the way they have manipulated and taken advantage of us. If someone has got any ideas on this and what we could do I would appreciate hearing from you.

Company: Oakwood Acceptance - Vanderbilt
Country: USA
State: North Carolina
City: Greensboro
Address: 7800 McCloud Rd

  <     >