I was given a job opportunity with a local organization which lead me to "Drivetime" to obtain a vehicle "truck" as a job requirement. My decision was the by far worst decision I have ever made. These guy take the best reward for screwing consumers. I felt that I had no choice but to accept the vehicle with high hopes to support my family by obtaining a new job that required me to have a truck. Prior to seeing Drivetime I was debt free of credit cards, car payments and unneccessary debt.
Their interest rates are sky... Sky high for a 677 credit score indivisual. The vehicle is $9800 negative equity which means $9800 over priced. I tried to get rid of this vehicle to keep the hounds off my back, but found that I am $9800 upside down on the loan. I can not get that vehicle traded base on its value. I tried to return the vehicle, but DriveTime Corp said that I am stuck with vehicle. Returning the vehicle after 50 days = bad credit. The vehicle have traction problems and a two pay cycle (bi-weekly) that is require of me to pay. The payment schedule is to stiff and does not allow for exceptions. These guys are out to rip off poor (mainly African Americans) indivisuals.
Dealerships are located tackfully in rural areas that is heavy populated with African Americans. I have entered into a contract with the devil. I feel like my life have been plague with an event that will take 115 payments to end this bad dream. Please someone wake me up from this traumatize event that I can not endure.
A class action suit will be necessary to detour this Corporation actions and business practices.
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