I bought a car through drive financial back in Oct 0, I have nothad any problems with them so far besides the fact that I am paying 25%APR. This place and the car dealership work together to RIP us off. I didnt have good credit so i took what i could get, even if my interest rate was high.
I went to the first car dealership and they offered me one car. So we took it, next day I went to the dealers website and the car was listed for 2,100 less. When i took it to the dealer and asked why he said drive charges them a "bank fee" and they have to charge it to us but when I asked him to show me this on paper he couldn't so i returned the car and got my money back.
Then went to the next dealer told them what happened, they said that was illegal and they would take care of us. Yea Right! They gave us a higher interest rate, asked for more money down, and over charged us 2,700 like i wouldnt notice. This time i spent 3 months arguing with them and sent a letter to the attorney general before sending it i dropped them off a copy. They called me the next day and so what can we do to make you happy, anything. Anyways I settled with them instead of sending the letter and they have been making my car payments for me for 3 months.in exchange I can not take legal action against them, i figured that was alot quicker then any civil suit. Obviously what Drive and these dealerships are doing is illegal and needed to be stopped. So if you are about to buy a car always view their internet prices you would be amazed they give you a price based on your credit, gender and age.
Why should people with bad credit who obviously need cars other wise wouldnt pay an interest rate of 25% which im sure most of us are doing have to pay an outrageous interest rate and price of a car. Drive is suppose to help us rebuild are credit who can do that while making a $500.00 car note?
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