- Report: #170337
Report - Rebuttal - Arbitrate
Complaint Review: Fairco Finance - King Motor Company
Fairco Finance - King Motor Company1399 S. Federal Hwy Deerfield Beach, Florida U.S.A.
Fairco Finance - King Motor Company Sold me a used lemon at high interest rate, then farmed loan 13 years later ripoff Deerfield Beach Florida
*Author of original report: Second complaint found on this site
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
Iin 1993, I needed to get to work. I had bad credit, and I went to KMF to seek assistance with the purchase of a used car. They said the only car I could buy was an '86 Hyundai Excel (basically, bend over and grab the ankles). Now, we are all aware of the super high quality of this car. I knew they were trying to burn me, but at 23 and in need of keeping my job, I did what I had to do. The contract called for 28%!
3 months after I purchased it, the "Starship Enterprise" stranded me in the Keys on vacation. The stick locked up. I couldn't get it out of Reverse, though the Tranny was OK. A cheap repair for KMF. I had to pay $200 to get off the islands and I told KMF to go ahead and pick up the car. They called me a week later, and I met with the rep who told me I would have to pay the towing costs. I told KMF to go fly a kite.
The least they could've done was tried to get me in an alternative car. I made my payments while I owned the car. This used junk box could've easily been repaired and resold, which I'm sure was done. Leave it at that. NO ! I get a call from Cornholio Recovery Associates on 01/03/06 to MY BUSINESS LINE demanding $3782.00 ! NEW HYUNDAIS DON'T GO FOR THAT!
This is price gouging, over-the-top interest charges, credit abuse, and unlawful collection practices 13 years later (not to mention possible credit company discrimination, being Hispanic). Statute of Limitations in Florida is 5 years.
Needless to say, DON'T EVER BUY A CAR FROM KING MOTORS FLORIDA, especially a used car.
This report was posted on Ripoff Report on 01/03/2006 09:35 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fairco-Finance-King-Motor-Company/Deerfield-Beach-Florida-33441/Fairco-Finance-King-Motor-Company-Sold-me-a-used-lemon-at-high-interest-rate-then-farme-170337. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.
Advertisers above have met our
strict standards for business conduct.