ED Magedson – Founder
John Holt Chevrolet2501 HWY 81 South Chickasha, Oklahoma USA
John Holt Chevrolet lied about terms of loan and vehicle info, did not have glasses and told them I could not read it Chickasha Oklahoma
I went into shop for a vehicle at John Holt Chevrolet after receiving a phone call from them after searching their website.
After looking at 3 different vehicles and deciding on one, they began to work on the financing of the deal. They told me they had received a yes from the bank and could do the deal. I told them I did not have my glasses and could not read any paper work so I ask what the terms would be.
Terms were stated to me as such, 8% at 60 months. Price of vehicle was $23834.00. Amount given for my trade was $6000.00, which $4610.00 was still owed on current loan. I was told carfax check out clean, no problems. I agreed to these terms and sign paperwork. I had to be shown were to sign as I could not make out writing without my glasses.
After a couple week had passed, someone from a body shop was looking at my truck and asked if I knew that it had been wrecked. He showed me where , if you looked closely, you could see the repairs.
After discovering this I returned home, pulled out my paper work and was very upset by what i found. The terms were no where near what I had agreed to. The interest was 18%, the term was 72 months, and they had only given me $3000.00 for my trade, so I had an unpaid balance on the teade roll over to the new purchase.
After dicovering this I decided to purchase a carfax myself. The report clearly states the vehicle had been in an accident and received moderate damage. I would have never purchased the vehicle on this information alone.
I have contacted the sales staff through email and have not received any response.
I went to a larger dealer hoping to avoid any dishonesty. When I stated I could not see the information and asked for specifics, I had no idea I would be completey lied to.
I had also asked how much registration would cost as I might not have the cash on hand to purchase it when it came due. I did this in case I needed it put in as part of the deal. I was never given a specific amount, but was told it would be very little. Well, it is over $800.00 and is now due.
So I now have a vehicle that I can not register at this time that will cost me $13,747.20 more than I agreed to pay.
This report was posted on Ripoff Report on 10/05/2013 07:14 AM and is a permanent record located here: http://www.ripoffreport.com/reports/john-holt-chevrolet/chickasha-oklahoma-73023/john-holt-chevrolet-lied-about-terms-of-loan-and-vehicle-info-did-not-have-glasses-and-t-1089665. 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
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.