Report: #1314791

Complaint Review: Drivetime

  • Submitted: Sat, July 02, 2016
  • Updated: Sat, July 02, 2016
  • Reported By: Janina — Prince george Virginia USA
  • Drivetime

    Nationwide
    USA

Drivetime Purchased upside down car. Still owe them $9100 and appraisal value of $1200 Nationwide

*Consumer Comment: Details...

Show customers why they should trust your business over your competitors...

 I bought a car from drivetime Petersburg va branch almost 4 years ago. Planning to trade it in with a another vehicle and had it appraised and it came out that my car is only $1200. My monthly payment is $423 which is a ripoff! I still owe them $9100. I wanna get out of this car loan because it is not worth the money I'm paying. And plus it has 3 open recalls. I should've known better because now I know how shady they are.

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This report was posted on Ripoff Report on 07/02/2016 02:28 PM and is a permanent record located here: http://www.ripoffreport.com/reports/drivetime/nationwide/drivetime-purchased-upside-down-car-still-owe-them-9100-and-appraisal-value-of-1200-n-1314791. 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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#1 Consumer Comment

Details...

AUTHOR: Robert - (USA)

You seemed to leave a few things out.

What were the terms of the loan, that is the Interest rate, the amount of the original loan, the length of the loan.  More importantly how many times have you been late and/or called them to allow you to "defer" or skip a payment?

The answer to these questions will totally explain your current balance.

As for the Recalls, did it have 3 recalls when you purchased it?

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