TOYOTA NORTH HOLLYWOOD RIP-OFF , MISLEADING, FALSE INFORMATION , UNFAIR BUSINESS PRATICES, Internet

Good afternoon,

My apologies for the delay in response.  This Report just came to my attention recently and has been difficult to research without a customer name or VIN, etc.  Nevertheless, we did research deals from that time period that were transacted with the salesperson in question.  We found one file that we initially thought was a match, but the recorded financials do not match your description in this report.

We would love for you to reach out to us to discuss this matter further and, hopefully, get on the same page. 

The guidelines for Rebuttals on this website are a bit confusing.  Prior instructions stated that we could ask the consumer to contact us, but the rules above state "DO NOT sign your name, or include any e-mail addresses in the report." 

So if you would please call the Internet Dept at 818-508-2967 and ask for the Internet Director at extension 417, I will be happy to help with this matter.  Thank you!

You spoke about the interest rate and you made the calculations for the total purchase price; however, you didn't take into account the interest paid out of each one of your monthly payments. You applied the entire $258.96 monthly payment to the principal balance of your loan.  That is not the way it works. To get an accurate idea of how your payments are applied, first contact your lender and have them send you the amortization schedule they are using for your actual loan and have them send you the payments you have made on the loan so far. Then go to bankrate (dot) com and locate the auto finance calculator. You can estimate your amortization by putting in the dates and terms of your loan. Compare the two amortization schedules to see if you are on track. 

To save money, you can accellerate the payoff by making additional payments to your outstanding principal balance. Or, go refinance now with a credit union for a much better loan.

Also, it does look like you were ripped off on that very expensive warranty plan. See if you can cancel it now with the dealership. Find out how much they will credit toward your principal payment. Hopefully they will pro-rate it and apply the balance to your loan so you have much less to pay off.  Next time, don't fall for the very expensive warranty plan that the finance guy pushes. They usually are a rip off. Good luck.  

I am sorry but I am going to call you on this. The warranty is a rippoff. But it was (by law) on the documents you signed. 10% was fairly reasonable for dealer arranged financing on a used car with so little down. While I understand your frustration, nothing illegal here. No grounds for lawsuit or police intervention.