Gmac
Collection calls over balance on car voluntarily returned to dealer

I purchased a car from GM dealer with a trade in. They would not finance the car unless they could balloon the price, saying it was the amount left on the trade in.
After 2 years of payments and never missed one, I decided we couldn't afford the car anymore and voluntary returned it. I had paid $5,000.00 on the
car in two years.

Now I get this letter saying they sold the car for $12,000.00 and I still owe them $12,000.00. The car is only worth $12,000.00 and the Dealership balloon the price to $24,000.00 to get the loan approved from GMAC. Now the phone calls start wanting me to set up payment arrangements on $12,000.00. Who are the kidding?

GMAC has already got $17,000.00 for a $12,000.00 car and still want more. This has got to be the biggest ripoff of the century. I believe I will need a lawyer to settle this dispute.

Company: Gmac
Country: USA
State: Michigan
City: Troy
Address: P.O. Box 7041

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