ED Magedson – Founder
Dobbs Ford of Mount Moriah2515 Mt Moriah Road Memphis, Tennessee USA
Dobbs Ford of Mount Moriah Memphis Ford DealerDobbs Direct Ford DealersAutonation Ford Memphis Unethical Dealership, Frauds and Crooks, Engages in "Fraudulent Concealment" of Interest Rates and Financing Deals, Makes "SIDE DEALS" with Lenders to DRIVE UP RATE Unknown to Customer! SUE THEM! Memphis Tennessee
I purchased a used vehicle from Dobbs Ford at Mount Moriah in Memphis. I had very good credit. Pretty good anyway. My credit score was near 700. The salesman and finance manager "conspired" to work against me and have me put down far more than I should have. The finance manager went back years to find one blemish on my credit report and used that as a "justification" to drive up the interest.
First they told me they had "found a lender" and then after I had signed the initial paperwork, they called me to the back and said the lender couldn't work with me unless I put down extra ( I later found out this was a LIE. The lender informed me they had nothing to do with the down payment). Then they told me my interest rate would be doubled what they had intially told me. [continued below]....
I needed a car.
I later found out that the lender had charged me less than "HALF" on the interest and that Dobbs Ford had pushed up the interest in a "Side Deal" with the lender which was unbeknownst to me.
Dobbs Ford of Mt Moriah Finance manager had LIED.
This was "FRAUDULENT CONCEALMENT" and I get the feeling I am not the only one this has happened to.
If this should happen to you, make sure you SUE THEM as this is against the law!
STAY AWAY FROM DOBBS FORD OF MT MORIAH AND THE WOLFCHASE LOCATION TOO
DOBBS FORD HAS NOTHING BUT SCAMMERS AND CROOKS!
THEY ENGAGE IN SIDE DEALS WITH THE LENDERS TO PUSH UP YOUR RATE FAR HIGHER THAN IT SHOULD BE. THIS EXTRA GOES AS RECIDUAL PAYMENTS TO THEM OVER THE YEARS!
THEY LIE TO THE CUSTOMERS ABOUT THEIR CREDIT WORTHINESS TO GET THESE EXTRA MONEY FROM PEOPLE.
This report was posted on Ripoff Report on 08/22/2013 04:14 PM and is a permanent record located here: http://www.ripoffreport.com/reports/dobbs-ford-of-mount-moriah/memphis-tennessee-38115/dobbs-ford-of-mount-moriah-memphis-ford-dealerdobbs-direct-ford-dealersautonation-ford-me-1078221. 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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