I am from Arkansas and I purchased a 2005 Ford 500 with 14,000 miles on it from Jake Sweeney Smart Mart through the 722 Redemption program. I received the information for this from my bankruptcy attorney so I figured it must be a safe place to use to get a vehicle since I was in the bankruptcy process and could not get financing anywhere else.
I went through the same exact process that Jennifer from Kansas City did. Thinking this is great, the vehicle only has 14,000 miles on it, they pulled a vehcile history report and it came back clean this car will last me a long time and they sell below retail value, according to William, so that will make up the difference in the high interest I will have to pay for the first year. According to William the bank that would be financing me would let me refinance at a lower rate with 12 months of on time payments.
My payments are made before they are do, it has been over a year and the bank I am with will tells me they never refinance anyone out of bankruptcy for at least 24 months.
So, angry as I was at that I wanted to get a truck anyway because a truck more so fits my life style then the car so I went to a dealer to trade in the car. The mechanic took the car for a ride and come back to tell me they will only give me $7000 for the car I paid almost $16,000 for a year ago because it had previously been in an accident!
Of course I told that mechanic that the car had never been in an accident I got a vehcile history report when I bought it and it came back clean. Well now that it had been brought to my attention my husband and I have looked at the car and oh yeah almost the entire passanger side of the vehicle and the front bumper have had damage and you can see where they sanded the doors and did a very poor job fixing it. I have over spray above the rear passanger side door from them repainting the car. Just to let everyone know, had we known the vehicle had been in an accident we would have never bought it, especially at retail value!
What I want to know, is how is this dealership getting a CLEAN vehicle history report when these vehicles have been damaged???
I have not had CCC Valuescope run the record on my yet because I just found Jennifers report online yesterday. I believe some kind of fraud is going on here and this company is taking advantage of people that are already down. I now have a car that I am having rear break problems with, they believe due to being in an accident, that I owe so much money for I would have to come up with almost $8,000 just to trade it in and get it off my hands. I am stuck with the interest rate that keeps sending me into even more negetive equity that I was told I would be able to get rid of in 12 months.
If there is anyone that this has happened to and would like to try and do something about it, I give complaint permission to give them my contact information.
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