I have the same situation as the others ripped-off by Mitsubishi. I have not only ruined my credit but my co-signer's (my brother) as well. They sold me 2002 Montero Sport with a ticket price of $28,000 for $35,000 that now is valued at $18,000 and by balance owed is $28,000 after 1 1/2 years of payments.
I am forced to "voluntary surrender" the SUV after having exhausted all means of trying to get the car refinanced to lower the car payments and remove the co-signer like they promised me they would do after a year of payments (813.51 per month).
I am forced to "voluntary surrender" the car because of the high monthly payment and will be sued for whatever they do not recover from the auction of the vehicle for which I will have to file bankruptcy.
I have filed a report with the Federal Trade Commission and recommend that anyone affected by this also file a complaint so that they will investigate it (FTC 1-877-382-4357). Modesto Mitsubishi would not even take the car as a trade-in without an additional $7,300 down payment. That was their way of trying to help me after complaining (sell me another car, I don't think so).
I can't even watch a Mitsubishi commercial on TV without being traumatized.
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