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Report: #107570

Complaint Review: Precision Toyota Of Tucson - Tucson Arizona

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  • Reported By: Tucson Arizona
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  • Precision Toyota Of Tucson 700 West Wetmore Road Tucson, Arizona U.S.A.

Precision Toyota Of Tucson Sued by Arizona Attorney General for Consumer Fraud ripoff Tucson Arizona

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Just when you thought car dealers could not come up with a new scam, comes this:

According to a story in the September 8, 2004, edition of the Arizona Daily Star, Arizona Attorney General Terry Goddard has filed a consumer fraud lawsuit against Precision Toyota of Tucson.

During the Summer Olympics, Precision Toyota ran ads offering their cars at one-half the manufacturer's suggested retail price. When customers tried to take advantage of the offer, Precision Toyota said the offer was only good on the residual value of a lease.

As I understood the story, if the car would normally have a residual value of $10,000 at the end of the lease under this offer the residual value would be $5,000.

The Attorney General characterized this offer as a bait-and-switch. Customers were lured into the dealership with the offer of a new car at half price and found that they had to lease the car for three years and then purchase it as a used car.

Larry
Tucson, Arizona
U.S.A.

This report was posted on Ripoff Report on 09/08/2004 11:29 PM and is a permanent record located here: https://www.ripoffreport.com/reports/precision-toyota-of-tucson/tucson-arizona-85705/precision-toyota-of-tucson-sued-by-arizona-attorney-general-for-consumer-fraud-ripoff-tucs-107570. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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