We are very sorry that your experience with our company may not have been what you expected, however we cannot control how IDA and your other bank operates. However we must make it clear that after “X” amount of time, which is 18-24 months, you will be able to trade out of your vehicle in favor of another at a reduced interest rate.
This is only possible if you make all of your payments on time – with more than just your car. You must maintain good standings with any other credit you may have in order for your score to improve.
We are also very upfront about the fact that you will be paying more than the actual value of the car, it is an unfortunate result of the credit situation most of our customers are faced with and there is no getting around it. For this reason our dealership works with our customers to provide them with the opportunity to trade out of their vehicle with us later on once they will be able to get a reduced interest rate to save them money over the long haul.
We are sorry that you are not happy with your situation but we have done whatever we can to make the best of it for you.