- Report: #957178
Report - Rebuttal - Arbitrate
Complaint Review: JD BYRIDER Lansing MI
JD BYRIDER Lansing MI4811 S Cedar St Lansing, Michigan United States of America
JD BYRIDER Lansing MI They told me they will not charge over 20% other companies do but they don't. Found out they are charing me 23% interest. Lansing, Michigan
*Consumer Comment: How this works.
*Consumer Comment: Not fraud
*Consumer Comment: What interest rate is on the contract you signed with them?
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My first payment taken out of my account was $286.00, $78.00 of that was for a down payment on the car, and $36.00 was for added insurance. That was what we agreed on, but a few days later they took the insuance out again. I contacted JD BYRIDER to aks them about it, they said it was a mistake and would put it back in my account. It happen two more times after that, same thing, we will correct it, it won't happen again. The third time I didn't have extra money in my account, put me into over draft.
I was livid, told them I wanted to bring the car back. They told me I could not return the car they made a human error it was NOT A VIOLATION OF THE COTRACT AGREEEMNT. If I did bring the car back they would sell it at a car Auction, I would still be responsible for the balance, and the payments would be $ 172 .00 every two weeks until it was paid off.
They told me before I bought the car they don't charge over 20% interest, other high risk dealerships do. I had someone help me figure out the interest rate it is 22.99 percent or 23%.
I am going to see an Lawyer today that work with Comsumer Fraud and Contract law. I am not sure if anything can be done, but I need to check before I can rest.
Please even if your Credit Score is lower than most, go to a Regular Dealership, they do work with people with less than perfect credit, and the interest rate may be a little higher than the average person, but never over 20 % .
Please don't ever use JD BYRIDER unless you want to pay between 350.00 to 400.00 a month. For a car like mine. kELLY BLUE book said 3,400 dollar J.D. sold it to me for $10,000 plus, and added $5,000 by the end of the loan with the interest. Total price 16,800 dolloars for a car worth 3,400.00
This report was posted on Ripoff Report on 10/19/2012 10:31 AM and is a permanent record located here: http://www.ripoffreport.com/r/JD-BYRIDER-Lansing-MI/Lansing-Michigan-48910/JD-BYRIDER-Lansing-MI-They-told-me-they-will-not-charge-over-20-other-companies-do-but-t-957178. 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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