ESCO MOTORS is a company that scams you out to buying a car, that is not your choice...
GUYS i know this a long report but read it for your reference, this is based on the experience we had with ESCO MOTORS. Even though someone out there has a bad credit and in need of a car, do not get TRAPPED at this kind of company. If you have money for a down payment for a car, find a legitimate dealership who will assist and try to work on your budget and show you cars that you may like, entertain you to the cars that you are wanting to buy and also disclose the prices of the car and the name of the bank/company that is financing you for a car loan.
My mom applied online for an auto loan. She was contacted the day after by ESCO loan. Stating that they are a financing company that has pre-approved her for $23,000, even though her credit was not GOOD. They set her up on an appointment over the phone telling her to come and complete all the required paperwork since her check is ready when she arrives. So she asked me to research about the company and I have found a few information about it and told my mom not to go.
I contacted and ask them of their process when approving someone for credit. I spoke to Drew and he said the it all depends on the credit history. I asked him if we were approved already for a certain amount, can we get the check and go to another dealer of our choice and his response that ESCO has over 600 cars inventory and they should be able to assist me to my choice. I asked him once again and he still did not answer to my question. On the end of our conversation he said if we have an appointment we must go the certain time because they will hold the funds until only that period of time.
So we made a decision not to go to the appointment. But with my mom's curiosity we went there by the next day of our appointment and brought all needing documents, trying it out how true the 23k check is. We arrived in ESCO motors. On their lot there was about 50 cars in the inventory. We were helped by a lady name TARA. She asked us if we had an appointment and we told her that it was for yesterday and she said it was okay.
I filled out an application form also, so they could run my credit and see if my mom's approval is higher than mine or lower. We all filled out the necessary form and we were approach by JOHN (the owner of ESCO motors) explaining how it works with them, stating that they are a financing company and not a car dealership. Since TARA mentioned that they have cars in their lots, so I asked JOHN if they have cars that i wanted and he just responded we will just see what we have.
So we spent about an hour there waiting for the approval of the bank. They ask me for my payroll stubs and bank statements, I provided it to them for photo copy. And when TARA came back with the application, she had a 3 list of cars that we can get which was VW Jetta '06, Ford Taurus, & a Pontiac. When started showing me that list I flared up and asking her why its only those 3 cars, I thought we could choose the cars, knowing that we have 23k as an approval for finance.
JOHN heard and approach our table explaining that with my credit situation that we are limited to the car choices based on the bank that has approve us for financing. I said NO to him, the list is not my choice and I need an SUV. I wouldn't mind putting more down payment. He said okay, how much are you willing to give as down payment, I said I cannot tell you that until I see the car, giving him an example that if you showed me a car that is cheap, I wouldn't say that I would give 10k down. He said to TARA show them the VW Toureg and the Mercedes Benz.
It was raining we went to the lot and saw the 2 cars and I asked how much it is, TARA responded she does not know the price and she have to ask JOHN (in the back of my head, please you are a salesperson and you don't know the price, I bet you ESCO motors determines the price of how much I can down and take advantage since I have bad credit). After the car showing I asked if there is more cars for me to see and she said lets go back to the office. I was really pissed already with their SHADY transaction, so on the walk back to the office I told my husband that I rather go to another car dealership and choose my own car with 50% down payment if they cannot accommodate us on the car that we like.
TARA heard the conversation and I assume that she told JOHN about it, because instead of telling us that they have more to show all he said to us, YOU GUYS ARE TOO PICKY. (Yeah I sounded too picky, but come on even though a person does not have a good credit at this time you just take the car that is offered to you) and I told him that we will just call, he responded do not bother to call because the approve amount is only for today. So I said okay.
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