I got a vehicle financed through JD Byryder a little over 3 years ago. I too was told that I could trade in the vehicle for a new one if my payments were on time for a year. All the payments that were made over 1 1/2 years did not bring down the balance.in fact, I owed more than the purchase price. Thank god or the Attorney Generals office. Apparently I wasn't the only one. An investigation was by the State of Iowa for Nebraska and Iowa consumers and the company was closed down.By this time I had secures an auto loan with my credit union. I was told to return the car and put the keys in the drop box—and I did. I called the customer service dept and they tried to get me to keep the vehicle. I notice on my credit report it says account closed and payment in full settled for less. If you are thinking about financing with CNAC-DON'T... Save yourself some money, time and frustration.
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