Butler Kia of Indianapolis Anthony Fitzgerald Anthony stated that the APR of the car I was trying to finance would be 17% and right before I signed the paperwork the APR rate magically jumped to 24.7% Indianapolis Indiana

I am in the market for a used vehicle. I also do not have the best credit score which puts me in a situation where I would only be approved for subprime financing rates. I'm well aware of banks offering higher APR rates for people in this segment. Trust me I know it's my fault that I am in this category, but, I have been working hard to increase my score. Having a positive car payment on my credit report would help me bring my so-so credit score up to a good standing, with that mind I am willing to pay a high intrest rate and was expecting to do so.

I found a car at Butler Kia that I could afford and proceeded with application process, after the first day and 5hrs of being in the office I was offerd a rate of 17%, I was not shocked, that rate is something that I budgeted for and would be prepared to handle. But another problem came up, the bank wanted to verify 90 days of employment before they would approve the loan, mind you I have been on my job for 84 days at this point. I agreed to wait out the extra 5 days because I thought, "Hey these are good people they do not want to put me in a car only to call me back 2 days later and want a higher rate or to ask for more money down (yo-yo financing).

I get a call from Anthony Fitzgerald, the sales man today Saturday Dec. 7th telling me that I could go ahead and come in, that the financing will be approved. I happly aggreed and strolled into the dealership. After another test drive and 3 more hours, Mr. Fitzgerald comes back with an array of issues of why I would not be able to take the car home today and that I would have to come back on Tuesday. At this point I am really frustrated, I ask to see the financing papers from the bank "which he quickly flashed in front of me". In the split second I got to see the forms I noticed that rate was not 17% which was he told me on my first visit, but now 24.7%. 

I know that I do not have the best credit, but, by no means is my credit so poor that all I could be approved for was 24.7%.

Am I upset that I was offerd a 24.7% rate? No its my choice to take it or leave it. What I am upset about is that Fitzgerald was very shady in how he was basically trying to slide this intrest rate under the rug hoping I would not notice. If he would have came to me, told me what happend, and showed me that "hey this is the real rate", I still would have not agreed to the loan, but I also wouldn't have felt like they were trying to play me for boo-boo the fool.

Do yourself a favor and stay away form this place, they smile to your face but stab you in the back with a crazy intrest rate, that even the most desperate car buyer should run away from.