ED Magedson – Founder
John Holt Chevrolet2501 HWY 81 South Chickasha, Oklahoma USA
John Holt Chevrolet lied about terms of loan and vehicle info, did not have glasses and told them I could not read it Chickasha Oklahoma
I went into shop for a vehicle at John Holt Chevrolet after receiving a phone call from them after searching their website.
After looking at 3 different vehicles and deciding on one, they began to work on the financing of the deal. They told me they had received a yes from the bank and could do the deal. I told them I did not have my glasses and could not read any paper work so I ask what the terms would be.
Terms were stated to me as such, 8% at 60 months. Price of vehicle was $23834.00. Amount given for my trade was $6000.00, which $4610.00 was still owed on current loan. I was told carfax check out clean, no problems. I agreed to these terms and sign paperwork. I had to be shown were to sign as I could not make out writing without my glasses.
After a couple week had passed, someone from a body shop was looking at my truck and asked if I knew that it had been wrecked. He showed me where , if you looked closely, you could see the repairs.
After discovering this I returned home, pulled out my paper work and was very upset by what i found. The terms were no where near what I had agreed to. The interest was 18%, the term was 72 months, and they had only given me $3000.00 for my trade, so I had an unpaid balance on the teade roll over to the new purchase.
After dicovering this I decided to purchase a carfax myself. The report clearly states the vehicle had been in an accident and received moderate damage. I would have never purchased the vehicle on this information alone.
I have contacted the sales staff through email and have not received any response.
I went to a larger dealer hoping to avoid any dishonesty. When I stated I could not see the information and asked for specifics, I had no idea I would be completey lied to.
I had also asked how much registration would cost as I might not have the cash on hand to purchase it when it came due. I did this in case I needed it put in as part of the deal. I was never given a specific amount, but was told it would be very little. Well, it is over $800.00 and is now due.
So I now have a vehicle that I can not register at this time that will cost me $13,747.20 more than I agreed to pay.
This report was posted on Ripoff Report on 10/05/2013 07:14 AM and is a permanent record located here: http://www.ripoffreport.com/r/John-Holt-Chevrolet/Chickasha-Oklahoma-73023/John-Holt-Chevrolet-lied-about-terms-of-loan-and-vehicle-info-did-not-have-glasses-and-t-1089665. 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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