After researching the auto I wanted and found at this dealership, I emailed the sales staff what my credit requirements were and hoped to get the application approved before making the hour drive to close the deal. Knowing I had less than perfect credit and giving them the actual score, once I test drove the vehicle and settled on price, they then ran me through for bank financing.
Not only did Mr. Price, the salesman say he knew nothing about interest rates, he assured me that his finance department could get within $20 of my target payment. They did their dancing around in their bankers jackets and finally told me I was turned down by 4 banks and Capital One would take me on at over 20% interest. I told him I would not accept that interest rate nor did I want to deal with Capital One. He said I couldn't get a loan anywhere with my credit much less beat that interest rate. My credit is good, not perfect and I resent being belittled that way, when I told them upfront I didn't want to go through any embarrassment. I left the dealership.
I want everyone to know that as nice as the sales staff appeared to be, they were not honest with me about the financing upfront and as their finance department consisted of a snob in a banker's office, they pretty much wasted my time knowing I didn't qualify, the cost of gas and patience. Now there are points off my credit score for being turned down for credit. What they didn't know was that I could have paid cash for the car, but I wanted to have a loan for at least a year to improve my score.
One reason people aren't buying the too high-priced vehicles is the way they are treated by sales people only interested in using their inhouse financing that is all jacked-up. I don't want any car bad enough to pay out my nose for it. I'll continue to save my money and get real value and it won't be from Nix Auto Center. Not only did they give me a sour experience, I want all my friends and acquaintances to think twice about going there.
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