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Report: #144356

Complaint Review: AZ Asset Managers - US Auto Management - Mesa Arizona

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  • Reported By: Mesa Arizona
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  • AZ Asset Managers - US Auto Management 1115 W. Main Street Mesa, Arizona U.S.A.

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If you are looking to sell a vehicle, and are contacted by AZ Asset Managers (A.K.A. US Auto Management before bankruptcy) stay as far away from this company as you can. They will offer to find a "responsible" person to take over your auto payments.

Just over a year ago, I was engaged to be married, just having assumed a large truck payment, I wanted to sell my vehicle and purchase something cheaper. After a month of no luck on selling the vehicle, I was contacted by a company called US Auto Management. They gave me the spill, and I took it bait, line & sinker. One month later, they filed bankruptcy & changed to AZ Asset Management. Just as everyone else who has dealt with this company, the first 3 months the payments came on time and everything seemed fine. Shortly after, the payments showed up later, and later every month! Now I have to show up to the office every month if I want a payment at all. I am fed up with this Mickey Mouse opperation and now want my vehicle returned.

If anyone has had any luck getting their vehicle returned after turning it over to AZ Asset Managers please let me know!

Bryan
Mesa, Arizona
U.S.A.

This report was posted on Ripoff Report on 05/28/2005 10:44 PM and is a permanent record located here: https://www.ripoffreport.com/reports/az-asset-managers-us-auto-management/mesa-arizona-85201/az-asset-managers-us-auto-management-never-sub-lease-your-vehicle-mesa-arizona-144356. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#3 Consumer Suggestion

I doubt it sure your payments reflect positively

AUTHOR: Armando - (U.S.A.)

POSTED: Thursday, June 23, 2005

Why don't you check your credit report now and make sure your payments reflect positively on it.

I wouldn't be surprised if nothing related to this transaction shows up.

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#2 Consumer Comment

"responsible" person

AUTHOR: Jeremy - (U.S.A.)

POSTED: Thursday, June 23, 2005

I am one of those reponsible people and am very greatful to US Auto Management for helping me to get a quality car at an affordable price. I had cash money and a stable job but no dealer would let me buy a car from them because of some fraud on my social security number.

They would give me a car and let me drive home only to call a few days later stating that the loan was denied.

Then I found US Auto Management - they gave me a reasonable car for a reasonable price and I have been paying every month for four years - now I have just one year left and I will have a nice car to show for my payments and it will reflect positively on my credit report.

The previous owners of my car are also very happy with US Auto Management because they were able to get out from under a heafty debt because I took over the payments. US Auto Management in Mesa provides a valuable service to an underserved segment of society and we are very happy with their services.

-Now in Phoenix and all over the valley with my flashy car thanks to US Auto Management!!

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#1 Consumer Suggestion

Bryan read this, .. ..California know how to kick a*s, Arizona authorities have no backbone.

AUTHOR: Stick - (U.S.A.)

POSTED: Sunday, May 29, 2005

Airzona does not care what so-called auto businesses do to az tax payers. Nor does the local media. TV stations, Newspapers and talk radio stations will never expose scams and scammers in the auto industry because they love the big advertising money they all get from car dealers.

California will kick a*s. Our attorney General's office has no idea what a scam looks like in the auto industry because they never go after car dealers.

Read this Bryan.

SACRAMENTO - A joint investigation by DMV and CHP Investigators has uncovered an illegal motor vehicle subleasing operation by Independent Dream Auto (IDA), a Sacramento-based dealership. Independent Dream Auto advertised a subleasing service extensively in print and radio in Northern California.

Investigators arrested the principal operator of IDA--26-year old Stephan James Evanovich yesterday, and booked him in the Placer County Jail. Bail was set at $125,000. He was charged with eight counts of 571 PC -unlawful subleasing of a vehicle-- and four counts of embezzlement.
(504 PC)

Investigators say the subleasing service was offered to vehicle owners who had negative equity in their cars. IDA would find new purchasers for the vehicles, collect a down payment between $1,000 to $7,000, and then charge monthly payments that exceeded the original registered owner's payments.

Under the agreements, IDA collected the amount of the monthly payments from the new purchasers and was supposed to either hand the money over to the lien holder (financial institution) or forward the money to the registered owners so they could make the payment themselves.

Although IDA generated official looking contracts and paperwork, no title was ever officially transferred through DMV. As is the case with many of these types of schemes, the operator of IDA stopped making payments to the lien holders or registered owners of the vehicles but continued to collect the payments from the new lessees (or "permissive users" as they are known,) which then makes the vehicles embezzled property under California law.

Further information has been developed that the operator of IDA employed "collectors" who would enforce late payment issues and/or repossess the vehicles so they could be subleased to new "permissive users" under similar terms (down payments and high monthly payments).

Investigators have so far identified eight victims, but it is anticipated that the total number of persons who might have been scammed could range into the hundreds. It is also highly probable that other illegal sub-leasing businesses will be identified statewide in the near future as victims come forward during the investigation.

The DMV and CHP urge any person who thinks they might have been victimized by IDA or a similar vehicle subleasing business to call 1 800 TELL CHP or to contact their nearest DMV Investigations Office; for a complete list of DMV Investigations Offices, and a copy of a DMV complaint form (INV172A), visit the DMV web page at: www.dmv.ca.gov.

It's a shame we tax payers can't get this state's employees to get off of their over paid butts and work for us AZ tax payers. The state wants big money out of each and every pay check you take home. How do we get the state to go after scammers? How do we get them to DO THEIR JOBS?

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