Usacomplaints.com » Cars & Transport » Complaint / Review: Ford Motor Company - Bankruptcy Blackmail. #269588

Complaint / Review
Ford Motor Company
Bankruptcy Blackmail

I live in a state that requires title transfer of all motor vehicles that come into the state. I have a Mercury Mystique that was included in a bankruptcy 5 years ago in Arizona. Ford refused to take the car back because it was "not worth recovering". When the laws changed in my current state requiring all residents to register their cars in the state, I tried to work out a deal with Ford for my title.

They already took the write-off for the car so anything they can get would be "gravy". I contacted Ford and was told at first they wanted $16,000 to settle the debt. This amount was already written off, they are not entitled to $16,000. The second time I called I taped the conversation.

In this conversation the woman I talked to stated that Ford would be willing to take as little as $1,077 for the car since they had already taken the write-off. I found a buyer but when he called, he was told that Ford would take nothing less than $16,000. There is not a bank in the land that would lend me $16,000 on my signature, nor is there a bank in the land that would lend $16,000 for a car that is not worth more than $2,000.

At the same time, Ford still refuses to take the car back because it is not worth their while to do so, yet they want to blackmail me into paying an exhorbitant amount of money I do not have the ability to come up with if I want my title. The loan was an "upside down" one anyway because not only was I charged for the car I do possess but was also charged full loan value for 2 cars that I previously traded for the one I have. At the same time, Ford was getting paid for the trades by the people who bought them (aka double-dipping).

They have left me no alternative except to dump the car somewhere. My best advice to anyone planning to go through Ford Motor Credit for financing is Don't Do It! They will just rip that person off just like they did me.


Offender: Ford Motor Company

Country: USA   State: Michigan   City: Dearborn
Address: 17101 Rotunda Drive
Phone: 3133231852

Category: Cars & Transport

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