• Report: #115391

Complaint Review: Ole Ben Franklin Motors

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  • Submitted: Sat, October 30, 2004
  • Updated: Thu, August 14, 2008

  • Reported By:knoxville Tennessee
Ole Ben Franklin Motors
Kingston Pike Knoxville, Tennessee U.S.A.

Ole Ben Franklin Motors ripoff Knoxville Tennessee

*UPDATE EX-employee responds: Ole Ben franklin is horrible

*UPDATE EX-employee responds: agree

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I bought a 2002 dodge intrepted from ole ben franklin motors. the car was purchased for my daughter, she is a single mom and doesnt have any credit. she has not had too much trouble with the car itself but when she tried to trade it in for something else she found out that she is "upside down" in the payoff. we have been told we were charged twice the amt the car was worth. so she is stuck with the car at least untill we can pay it down to a amt that can either be used as a trade in or sell it outright. so needless to say i have a hard time believing ole ben franklin has your best interest at heart. i wont even mention the interest rate. one thing is for sure we wont be going to see ben anytime soon.
thanks for listening

Vonda
knoxville, Tennessee
U.S.A.

This report was posted on Ripoff Report on 10/30/2004 04:36 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ole-Ben-Franklin-Motors/Knoxville-Tennessee/Ole-Ben-Franklin-Motors-ripoff-Knoxville-Tennessee-115391. 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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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE EX-employee responds

Ole Ben franklin is horrible

AUTHOR: Jasonfato - (U.S.A.)

I know how they operate and you are not what they car about. The bottom line is what they care about. They most likely where laughing at you and your daughter when you drove away, probably sounded like this " HAHAHAHAH, I just nailed them for 29.9% over 60 months. Man I just made an easy $1,200 in my pocket and $20,000 in the companies"........ READ BEFORE YOU SIGN AND SHOP AROUND!!! There are much better places than OLE "BEAT UP" BENFRANKLIN!!!!!
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#2 UPDATE EX-employee responds

agree

AUTHOR: Exemployee - (U.S.A.)

PLEASE do homework before making a decision. Their is no doubt you paid 2x's the amount it was worth. After working in finance of used car dealership I am convinced there are too few who actully have your best interest at heart. Seriously, they could care less. You prob paid 29% INTEREST , they usually say"you dont have credit what do you expect" when you ask about the high interest.shop around. Dont believe what people tell you. I am pretty sure some one some where could have gotten her a better interest rate. Have you checked your credit report to ensure your daughter has even been reported onto credit to boost her credit score? unless you call them and request it, prob has NOT happened.

As far as late payments affecting your credit score. with them, as long as she was not 30 DAYS it will show as "ontime" even 29 days will show ontime. So please dont hesitate to call. And also request it in writing. I do also believe they were WELL aware this deal would leave your daug. upside down. They are paid to think about these things. Trust me, unless you get a brand new salesman....they knew...
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