ED Magedson – Founder
Honda financial servicesNationwide USA
Honda financial services Blatant lies, fuzzy contracts, and lots of money....for them. Nationwide
Initially I thought leasing a honda was a great plan. i started with a decent payment and was assured by my salesperson leasing was the way to go. It was so flexible. A year later I returned and looked at a CRV. I was initially shocked by the high payment. I went from paying $350 for a Civic to $650 for a CRV. I told my salesperson I was a little concerned about taking on such a high payment. She brushed it off and said not to worry, if it got to be too much I could just bring it back. I still wasn't 100% convinced so I looked through the contract. I found the tiny print that said early termination could be subject to a penalty of "several" thousand dollars. I asked for clarification and was told that most of the time there was no fee because there were so many options-trade in, buy. Downsize, etcetera.
Another year goes by and my family business starts to struggle so I contact my salesperson telling her I'm open for options but I needed to get something with lower payments. I was willing to turn in my lease and buy from the company. Imagine my shock when they said they could do nothing because there was over $10000 they would have to put in the loan because of the negative equity on the crv. I offered to buy but the payoff was $32700 and the car was now only valued at $24000. I called honda financial services and spoke with several people begging for other options. Finally I asked what I would have to pay to buy out of my lease. The answer $20,000! They would charge me every payment I was initially supposed to pay for the next 3 years. The contract says "several" not $20000! No lease swapping allowed. No options. Nothing they can do. I thought I asked the right questions and read through my contract but I still got duped. :(
This report was posted on Ripoff Report on 08/20/2014 07:13 PM and is a permanent record located here: http://www.ripoffreport.com/reports/honda-financial-services/nationwide/honda-financial-services-blatant-lies-fuzzy-contracts-and-lots-of-moneyfor-them-n-1171214. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.