Ripped off by A1 Auto Sales!
Stay away from them! just don't get fooled by these cunning business people at A1 Auto Sales. If you want to have a nice clean auto loan and good credit standing and a peace of mind as well and enjoying every piece of your car, then listen and stay away from them.
They are out there in the market place. on face-book, twitter and even Graigs list and everywhere in the market. They show some really sweet prices which looks, smells, and taste real but it's awful when you actually taste it.It's a trap guys stay away from them.Don't get in this trap.
Listen, if you come across any of their ads, please do not bother calling them or going down to their location. Why? Are they really bad people? No, they are just nice people like you and me. But when it comes down to doing business, and how they approach you and ripping off your money is what making them some of the worst on this planet you don't even want to look at them, but you still need to go down and make your payment.
Almost every car dealer you go to will want to help you and finance your loan whether good or bad credit they are willing to help you get all your money . A1 Auto Sales are doing that too and that's where all the dirty games starts.They don't let you know how they calculate the interest rate but they will show you the numbers and the payment plan would best fit your plan. What they don't tell you is how they use rule of 78 to calculate the principal and interest rate which will create longer payment period and more interest$$$ paid and less payment goes to your balance and you will finally ending up paying more on interest$$$.
This rule of 78 trick had been there since the invention of modern calculator. And this method is used to calculate a rebate of finance charges when a customer pays off a loan early. This rebate is actually a sneaky prepayment penalty. This method is so popular with them that they even used it in their GAP protection plan which come in the sales package agreement. Stay away from this GAP coverage and do not sign on it.This is another sneaky approach they won't tell you. GAP protection is a good thing, but don't fall for their GAP coverage and don't sign it. The sales person might say it is required in Hawaii when your not paying attention and look confused.
It's clearly stated in their GAP waiver that it's optional. But the bottom line is don't sign it, you can get that GAP protection somewhere that is certified will tell you everything you want to know about this GAP insurance and how it will help you down the road. Guys, I am speaking from experience and if you could help me in spreading the word this will help many others who is out there trying to survive and looking to find the right people to help. Please feel free to pitch in your thoughts and you know many good people are ruined because of bad business people like this