ED Magedson – Founder
Max Cars520 S Dixie Highway Hollywood , Florida USA
Max Cars I feel as though he got me for 3 or 4 thousand dollars Hollywood Florida
I went to this gentleman to purchase a vehicle, He prompted me to come in. Once I got there i saw the vehicle my partner had wanted to purchase for me. We both do not have good credit due to school loans and basically life. Max said he could help us they work with many different agancies. He employee took our information and advised us they do not look into that information that we were being asked to supply such as referneces and things like that. After getting all the needed information Max's secretary Vanessa comes out and asked if we willing to pay more then 300 a month for the vehicle because our credit the bank would need more of a monthly payment. I said No it's a 9000,00 car with taxes and some other fees 300 was all I could do. Max comes out then says he found a place willing to finance but the payments would be 371.00 for 54 months. my heart fell into my chest and I keep asking him why for 54 months at 371.00. I said is this the cost with the interest of the loans and your dealership fees. He said yes. So I said ok again thinking not so good credit. he told me the car had never had any work done. It only had 86,000 miles.
I agreed we signed the paper and the whole time I and my partner are asking him for the paper that shows the cost. He said he didn't have them yet but he would have them monday but he was sure that that bank would get them to him by monday. We drove the car home. On Monday 8/16/2014 my partner goes to pick up the bill of sale that indicated we gave him a 2000.00 down payment. When she got it she called me right away. She said your not gonna believe this but it looks like he charged 12,000 for the car. I had her bring the paper work to my job. Mind you this a 2008 Ford Mustang. He didn't give me a car fax and i had to get it on my own this car had an overhauled transmission in may and had an accident on it two years ago the bottom and fender had to be replaced. I asked him these questions as well he and his salesmen said nope car was clean no accidents no major work had been done.
Paper number one states
interest for this car at 24.95 annual percentage rate is 8083.68
The amount the car was financed for was 12000.00
Total payment that would have been made after we are done pay would be 22083.68
I gave him a 2000.00 down payment bring the cost of this car down to 20083.68
The inital transaction was made on saturday 8/16/2014- I got the paperwork on monday 8/18/2014
I went back in on tuesday 8/19/2014 he states that 3000.00, was added to the price for arbitration fees which he did not indicate wheen I asked what was the total we would be paying for the car on a whole. so the paper states that the car was financed for 12,000.00 plus predelivery which was 1129.00 plus tax which was 790.08 plus documant fees which was 42.00 bringing the to 14,000.00 and we paid 2000.00 which still leaves a balance of 12,000.00. Another paper states the cash selling price is 14,786.00 with 887.00 sales tax, T & L 49.00, cash down 2,000.00 unpaid balance 13.722.00 the estimated amount financed was 13.722.00. The MSRP according to NADA is 22,250.00 the inovice price is 9700.00 and the retail value is 12,475.00. He told me to ignore those last sets of figures because they meant nothing. The contract never indicated that abritation fees are 2900.00 dollars. I told him I didn't believe him. I did not believe that arbitration fees are almost 3000.00.
Keep in mind he told me afterwards I would have to pay for tags and registration. I asked him would he be willing to take the car back he said technically he did not have to because i took it off the lot and if he did he would take from my down payment for have the car for 2 days. On his website it states there is a money back gaurenteed 100 percent. His websites also states every car comes with a warranty, no warranty included of course. This dude is about high way robbery. I do understand there is a risk with people who have bad credit but I would think that the bank would set that number and let you know that no where on this contract nor on his website or any where did it state that these fees are related to purchasing a USED car. I hope they do not respond. I will not be stuck paying 20,000 for a 6 year old car that has had an overhauled transmission!
This report was posted on Ripoff Report on 08/23/2014 10:11 AM and is a permanent record located here: http://www.ripoffreport.com/r/Max-Cars/Hollywood-Florida-33020/Max-Cars-I-feel-as-though-he-got-me-for-3-or-4-thousand-dollars-Hollywood-Florida-1171801. 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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