Complaint / Review
Hsbc Auto Finance
RIPOFF Car loan at an extremely alarming high interest rate with NO chance of lowering with excellant payment history

Purchased a used car at a local car dealership, which seen no problem getting a decent interest rate. Had the car for almost a full week before they got me back in to sign the papers, telling me HSBC would only finance me for an alarming 19%. The car I traded was already gone, and was told no other options were available to me.
I also have two credit cards through HSBC, which you would think they could verify my payment history and see that I pay ON TIME, and deserved a better rate than that. Although many calls were placed to the company requesting a better rate, was told the contract would not and could not be negotiated.

I will end up paying twice what the car is worth by the time I pay their ridiculous interest and will have nothing to show for it. I can't even sell the vehicle now for what I owe them and not still owe my! @*! @* to HSBC!

Would not recommend using this company for any reason AT ALL!!!

Beware... Beware... Beware

MJD
Rossville, Georgia
U.S.A.