Mitsubishi Motors Fraudulent misrepresentation ripoff Tuscaloosa Alabama

Please tell me how your contract read? It seems to me that it would have been obvious that this was a lease.

Nancy, WA State

If you are familiar with Mitsubishi and there business practices you realize how this contract was presented. Though it reads as a lease the contract was presented otherwise. If Mitisibushi is the type of company that preys on people it surely has done its job well, but still I rise.

I am in the car business in Tuscaloosa, AL. We have fought for a long time against this deal with customers who were in terrible situations and didnt understand what they got themselves into. This was a Mitsubishi promotion - the triple diamond advantage or something like that.

Its not a lease, its a balloon note. Its like a lease in that you have a mileage cap and a residual value. It is written on a regular retail contract with the last payment being huge. But the "benefit" to the customer was that you didnt make a payment for a year. So in month number 13 you had a year old vehicle that is now a used car that you havent paid a dime on. Its a pretty terrible situation to be in. I want to say there was a class action law suit against Mitsubishi for that program but that could be wrong. Chances are that the vehicle isnt worth nearly the $9K you owe in the balloon. So you are probably several thousand dollars upside down and owe a lot. Your only real option is cash in the form of a rebate on a new vehicle to cover it up; or out of pocket to buy your way out of the situation. I know it sucks. I see it all the time.