ED Magedson – Founder
santander USAInternet United States of America
Unbelievable company, just read some of the other reports. if anyone has a class action lawsuit brewing for these scumbags, let me know, I'd love to take an active part in it. Purchase a vehicle for 16,300 in June of 2008. Late ONE time in 2009, caught it up, paid the late fee, moved on.
It is now the end of November, 2010 - 30 months after the 60 month loan was initiated.. guess how much the payoff on the loan is - 15,133... WTF?
I've tried contacting them several times... their rep's are the rudest people I've ever had to deal with... This has to be the worst experience I've ever had with a finance company, and that includes the nightmare I had to deal with regarding a capital one credit card (which thankfully is now closed, paid off and gone)
If you are a glutten for punishment, like to be abused, want to pay forever on a car loan, or just don't really care what sh**ty the company is that you're doing business with, go ahead and get a loan from them. If you have scruples and like companies you do business with to have them as well - don't go anywhere NEAR this company. Santander, Drive - and I'm sure they go by several other names as well. Do your research and make sure that any lending institution you deal with has ABSOLUTLELY NO dealings with this company.
One other post mentions that HSBC sells loans to them, so I've closed all of my accounts with that bank as well. I will research every other financial institution I do business with to ensure they DO NOT have any dealing with this loan-shark of a business.
This report was posted on Ripoff Report on 11/26/2010 11:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/santander-USA/internet/santander-USA-Drive-Servicing-Complete-Rip-Off-Run-as-fast-as-you-can-away-from-this-com-665583. 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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