• Report: #331468

Complaint Review: Security National Automotive Acceptance Corporation

  • Submitted: Thu, May 08, 2008
  • Updated: Tue, October 07, 2008

  • Reported By:Cheyenne Wyoming
Security National Automotive Acceptance Corporation
6951 Cintas Blvd. Mason, Ohio U.S.A.

Security National Automotive Acceptance Corporation Security National Automotive Acceptance Corp.-The biggest car dealership scam Mason Ohio

*UPDATE Employee: SNAAC Rebuttal

*UPDATE Employee: SNAAC Rebuttal

*UPDATE Employee: SNAAC Rebuttal

*UPDATE Employee: SNAAC Rebuttal

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My husband and I bought a car from Cars Inc. in Biloxi, Mississipi, a dealership that used Security National Acceptance Automotive Corp (SNAAC) as their in-house finance company, and our experience with SNAAC has been a complete scam. After hearing from others, such as dealerships, that our car was financed for more than it was worth, we decided to have the contract sent to us to review it.

When we looked at it, we noticed that there $2104 that was added for insurance! We were not aware of this when we signed the contract. We were only told that we would have 12 months of 'free' insurance. Little did we know, the dealership and SNAAC was making a profit by allowing us to pay $0 down. The scam was that the down payment was actually the $2104. NOTE: A car dealership can not sell insurance to car buyers if they are not licensed! And 9 times out of 10, they are not licensed too! The finance amount for a 2001 Mitsubishi Eclipse was $17,255 and the car is only worth maybe $2000, if that. After 2 years of paying on the car, we have just now reached the principle.

For anyone who is thinking of buying a car, especially military members, DO FINANCE ANYTHING THROUGH SECURITY NATIONAL ACCEPTANCE AUTOMOTIVE CORP. They are a prime example of a company that preys on vulnerable people who have poor credit. If you do have a car financed with this company, I advise you to review your contract carefully for any illegal doings.

A friend of my husband's who is also in the military, had his car paid of by SNAAC after OSI (military investigation) investigated his contract and found out that the company said his car was financed for $24,000 pllus when he signed the contract for only $20,000! His car was made to be payed off these scam artists.

Do not make yourself a victim to this company. Beware. They do not care about how much you finance a car through them and if you do not know how to properly negotiate with dealers and finance companies, have someone assist you with purchasing a car. PLEASE.

Natasha101
Cheyenne, Wyoming
U.S.A.

This report was posted on Ripoff Report on 05/08/2008 04:51 PM and is a permanent record located here: http://www.ripoffreport.com/r/Security-National-Automotive-Acceptance-Corporation/Mason-Ohio-45040/Security-National-Automotive-Acceptance-Corporation-Security-National-Automotive-Acceptanc-331468. 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 4Consumer 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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#4 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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