• Report: #860769

Complaint Review: Five Point Capital

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  • Submitted: Wed, March 28, 2012
  • Updated: Fri, March 30, 2012

  • Reported By: Brandon Jacobian — Buena Park California United States of America
Five Point Capital
10525 Vista Sorrento Pkwy, San Diego, california 92121 Internet United States of America

Five Point Capital Don't Believe this company for a second - extrememly deceptive marketing practice Internet

*Author of original report: Beware, read their contracts very carefully before signing anything...ask many questions

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Beware!  Warning!  All business owners, human beings, dogs, cats...If you are breathing any air and alive BEWARE OF THIS COMPANY!!!  This is the most crooked company in America.  I own over 50 commercial vehicles with one of the largest transportation company in California and got tricked into using the company who calls themselves a bank.  I don't know how anyone who works for this company even sleeps at night knowing how big of crooks the owners must be.  Sent me a $100K pre-approved credit line to go find a vehicle and make a deal on it.  Made the deal for a $100K vehicle and paid them $160K dollars in payments over 5 years at a 19% interest rate.  Five years later they tell me I was just "renting" the vehicle from them and I need to buy it from them after the appraise it or they'll auto renew me.   Stay away these guys are the biggest thieves and crooks in business.  I now see on page 3 of their small print contact where they paid some expensive lawyers to write up these ripp off agreements..  These guys should be shut down.  I can't explain what it's like to feel like someone is legally ripping you off and they know it!!!

This report was posted on Ripoff Report on 03/28/2012 09:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Five-Point-Capital/internet/Five-Point-Capital-Dont-Believe-this-company-for-a-second-extrememly-deceptive-market-860769. 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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#1 Author of original report

Beware, read their contracts very carefully before signing anything...ask many questions

AUTHOR: Brandon Jacobian - (United States of America)

Make sure you are not just renting the equipment.  Make sure you know what type of deal you are getting into before signing any agreement with any bank or leasing company. That's all I can say.
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