Thrifty Auto Sales
Ripoff Practices Illegal Yo Yo Financing promises a low payment and low interest then 2 weeks later renigs and jacks up interest and length of loan

I was interested in purchasing a vehicle so I test drove a few SUVs at Thrifty Auto Sales and decided on a Chevrolet Tahoe. The payment was right, the interest rate was right, so I drove the truck home that day. I gave them $2000.00 cash for a downpayment, I signed the contract, and I thought I was done.

I got a call from the dealer about 2 weeks later saying the contract I had signed was no good, and that I no longer qualified for the loan on this truck. I needed to go back in and requalify. Somehow, mysteriously, at the same time, the guy who processed my loan disappeared. It seems he had been "transferred out" to another location so I couldn't talk to him to ask him why he told the deal was final and how they were re-nigging on it. I showed them my signed contract. They showed me the fine print. It said they could change anything at any time and the contract would be null and void. Nice.

They asked me for a whole bunch of information. They wanted utility bills, bank statements, proof of residence, proof of child support, proof of divorce, proof of everything ang get this - 6 names of references and their phone numbers and addresses!!! I have over a 700 credit score, I did not understand the problem. They said my interest rate had to be "revised", and that meant over doubling!!! They wanted to raise it to over 15%!!! They wanted to extend my loan another 12 months and were renigging on the one year guarantee of the truck. They were trying to milk me for almost another $10,000 dollars!!! Stay away from Thrifty. I promptly demanded my down payment back, gave them their keys back and got the hell out of there! I went to Tom Bannen Chevrolet and bought a nicer truck at a better price and their word actually held up. They gave me a loan and a good interest rate, and guess what? They didn't call me in 2 weeks trying to screw me over. Thanks Tom Bannen.

Company: Thrifty Auto Sales
Country: USA
State: Tennessee
City: Hermitage
Address: 4040 Lebanon Pk
Phone: 6158898880

  <     >