- Report: #92450
Report - Rebuttal - Arbitrate
Complaint Review: Crown Ford Of Fayetteville, N.C. & Ford Motor Credit
Crown Ford Of Fayetteville, N.C. & Ford Motor Credit256 Swain St. P.O. Box 35847 Fayetteville, North Carolina U.S.A.
Ford Motor Credit & Crown Ford Fraudualant Home Of The Get Em And Hand Em Dealership Business Buyers BeWare of illegal Intrest Rates and Poor Practices and LIARS!!! Fayetteville North Carolina
*Author of original report: What they did is illigal and should be voided contract
*Consumer Suggestion: Car Dealer Never "Pay Off" A Vehicle
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The next day they slipped in 22% saying that everything was the same although it turned out latter that it was not becasue they had told us to bring the original paperwork back with us so we had no proof. Very slick of em. 1 year latter we went back to trade the vehical in and they told us we were upside down in it and too bad. The Salesman Lenord Mcgrew had the file and told us "By the way FMC bought it at 11% the dealership more than doubled your rate" saying that 22% was all that we could get bought at although previous paperwork they had us return so there was no proof was 16%.
To make a long story short, we tried everything to resolve this with Crown Ford and FMC. You see, the two are in bed together so to speak esp. since FMC knew what they would buy it at and allowed the dealership to do what they did. How is a person really to know what the buy rate is??
Anyway we had run the figures of the 22% for 48 months at $382.17 month. The actual intrest rate being charged was 22.53% not the 22% as the contract stated and they claimed which is illegal for for a used vehical. When we questioned Crown Ford, Lenord MCgrew said " That is normal practice as long as the customer has payments around what they want, they don't check" this really pissed us off and we told FMC to come get the vehical due to this mess. It took them over 5 months to come and get it after we stopped payments. Then FMC sought a jugment against us and never sent anything certified as required by law and the paperwork they had did not match ours, BUYERS BEWARE of FORD MOTOR CREDIT and CROWN FORD of FAYETTEVILLE.
This is being reported yearly and updated for the next 8 years. Last Report on 4-23-03.
Mr. and Mrs.
North Carolina, North Carolina
This report was posted on Ripoff Report on 05/21/2004 01:17 PM and is a permanent record located here: http://www.ripoffreport.com/r/Crown-Ford-Of-Fayetteville-NC-Ford-Motor-Credit/Fayetteville-North-Carolina-28303-0847/Ford-Motor-Credit-Crown-Ford-Fraudualant-Home-Of-The-Get-Em-And-Hand-Em-Dealership-Busin-92450. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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