• Report: #345771

Complaint Review: Security National Automobile Acceptance Cooperation

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  • Submitted: Mon, June 30, 2008
  • Updated: Tue, October 07, 2008

  • Reported By:Abilene Texas
Security National Automobile Acceptance Cooperation
www.SNAAC.com Nationwide U.S.A.

Security National Automobile Acceptance Cooperation Security National will eat you alive. Witchata Falls Holmes Motors Texas

*UPDATE Employee: SNAAC Rebuttal

*UPDATE Employee: SNAAC Rebuttal

*UPDATE Employee: SNAAC Rebuttal

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its a 2004 dodge dakota 3.7 liter V6 club cab automatic with 76,000 miles on it AT THE TIME now it has 116,500 miles, it is financed through SNAAC

i am paying 392.20 a month with a 9.9% interest rate, and to pay it off is 23,000 dollars!! Yes i know i screwed up and i want to get out from under it without taking a bath.

the reason why i bought the vehicle is because i needed a truck. I didnt know what i was getting myself into, I just got out of basic training and was sent to sheppard afb in witchata falls for technical training, the truck was in great shape, no leaks whatsoever, except for the odometer reading 76,000 miles, everything is manual as far as windows and locks, its a very basic truck.

according to kelly blue book, it is only worth about 6,500 which means i am paying almost 4 times the amount of the vehicle, it is beginning to have transmission problems, according to dodge the 2004 model has aluminum gears which tend to shear due to the shear strength of the metal.

the truck is eating me alive as far as bills go. I cannot refinance it through anyone because i am to far upside down with it. as of right now i owe 17,000 dollar in order to pay it off.

if anyone could give me some pointers on how to resolve this please feel free to email me.

as for military personel just starting out, DO NOT buy from automotive business's right off base go somewhere you are comfortable and you know the history about the place of choice. i cannot express this enough. do yourself a favor and stay away from those kind of places, they will eat you alive!

And do not deal with snaac, go through your bank.

Flyboy86
Abilene, Texas
U.S.A.

This report was posted on Ripoff Report on 06/30/2008 08:10 AM and is a permanent record located here: http://www.ripoffreport.com/r/Security-National-Automobile-Acceptance-Cooperation/nationwide/Security-National-Automobile-Acceptance-Cooperation-Security-National-will-eat-you-alive-345771. 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 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee

SNAAC Rebuttal

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

Security National is one of the most respected auto finance companies in the industry. We regret any situation in which one of our customers is unsatisfied with their car buying and financing experience. Many of the challenging experiences our customers may complain about relate to the selling auto dealership, which we can not resolve. Please note that many inaccuracies may exist in the comments made on this site. This site does not confirm the accuracy of any of the information posted. Likewise, anyone, including Security National competitors may post fictitious complaints. We encourage our customers to visit http://www.snaac.com/ripoffreport.aspx to utilize our dispute resolution process or to better understand our role in their credit transactions.
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#2 UPDATE Employee

SNAAC Rebuttal

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

Security National is one of the most respected auto finance companies in the industry. We regret any situation in which one of our customers is unsatisfied with their car buying and financing experience. Many of the challenging experiences our customers may complain about relate to the selling auto dealership, which we can not resolve. Please note that many inaccuracies may exist in the comments made on this site. This site does not confirm the accuracy of any of the information posted. Likewise, anyone, including Security National competitors may post fictitious complaints. We encourage our customers to visit http://www.snaac.com/ripoffreport.aspx to utilize our dispute resolution process or to better understand our role in their credit transactions.
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#3 UPDATE Employee

SNAAC Rebuttal

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

Security National is one of the most respected auto finance companies in the industry. We regret any situation in which one of our customers is unsatisfied with their car buying and financing experience. Many of the challenging experiences our customers may complain about relate to the selling auto dealership, which we can not resolve. Please note that many inaccuracies may exist in the comments made on this site. This site does not confirm the accuracy of any of the information posted. Likewise, anyone, including Security National competitors may post fictitious complaints. We encourage our customers to visit http://www.snaac.com/ripoffreport.aspx to utilize our dispute resolution process or to better understand our role in their credit transactions.
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