Drivetime
Bradenton Florida 34202
United States of America
|
|
Drivetime Don't be 30 seconds late, or they'll get your overpriced vehicle Bradenton, Florida
*Consumer Comment: Real reason.
1Author
1Consumer
0Employee/Owner
So when you buy a car at Drivetime, they know you are in a state of marginal, if not horrible credit, so that's the catch. Their prices are twice any value based on NADA, KBB, or Edmunds (they claim that they can value a vehicle because they finance them, but $10k for a $4k car??? Really???)...and it gets better. They claim that they give a 3 day grace period, but realistically that is a lie. They say they try to contact people, but they don't really. At 27.5% interest, you'd think they'd cut some slack...geez!!!
Whatever you do, stay far away from these people, and find another option. There are plenty of other ways to finance a car, and I'd recommend trying all of them before you step foot on a Drivetime lot. Good luck!
Click Here to read other Ripoff Reports on Drivetime
REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Flynrider - Phoenix (USA)
SUBMITTED: Tuesday, February 07, 2012
POSTED: Tuesday, February 07, 2012
" (they claim that they can value a vehicle because they finance them, but $10k for a $4k car??? Really???) "
They're just being nice. They wouldn't want to tell you that the real reason they get twice the market value is that they have tapped into a customer base that is clueless enough to agree to buy a $4K vehicle for $10K. The fact that they can get these folks to agree to pay 27.5% interest on a ridiculously inflated sales price is just gravy for them.
Anybody who does the math can figure out that they could buy a decent used car for cash with just a few of the inflated monthly payments they're making to places like this. Of course, such mental gymnastics are rarely performed by the "gotta have it now" types that frequent such car lots. I cringe when I hear about some poor slob paying higher monthly payments on a 5 yr. old beater than most people pay on a new BMW.
