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Report: #1525071

Complaint Review: Loeber Motors DBA Mercedes Benz of Lincolnwood - Lincolnwood Illinois

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  • Reported By: Jo — Huntington United States
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  • Loeber Motors DBA Mercedes Benz of Lincolnwood 4255 W. Touhy Ave. Lincolnwood , Illinois United States

Loeber Motors DBA Mercedes Benz of Lincolnwood Danny Turcinovic, Adam Bachan Attempted to take advantage of senior citizen Lincolnwood Illinois

*Author of original report: Typo

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I have been a Mercedes-Benz customer for over a decade. I have leased three new vehicles in as many years. I have NEVER had a worse experience with a dealer.



Due to a shortage of new vehicles I made the decision to buy-out my lease. I mistakingly thought going to a dealer might make the process easier. 



My lease buy-out from MBFS was around 31K including tax. Adam Bachan and Danny Turcinovic sent me a buyers order for over 35K, which was 5k higher than my buy-out! I pointed this out and no one had a reasonable answer. But they sent me a revised agreement that was still around $800 over my lease buyout. I reluctantly agreed to the increase to just get the buy-out behind me. Then came the financing through MBFS. Danny (the finance manager) claimed that the 9.5% APR they offered me was because I qualified as Tier 2, despite having a 100% payment history across all my accounts. I then asked him for a copy of my MBFS credit approval and he refused to show it to me! I then pressed him, and he finally admitted he added financing points to the APR! If you don’t know, adding points to a loan is sadly legal; but it's also a despicable practice by dealers to make more money on car deals, and as you can see in some case they try to hide it from you.

Between the first purchase contract where they tried to over charge me by 5K over my lease buy-out, and then secretly adding financing points, I told them forget it. These are business practices you would expect from a used car lot, not a Mercedes dealership. 



I would say to anyone reading this, BEWARE! These people (meaning Loeber motors and their agents) do not care about you. They care about making as much money as possible, anyway they can. I feel disgusted even writing this. The old cliche of a "sneaky" used car salesman is alive and well at Loeber Motors.

This report was posted on Ripoff Report on 03/13/2023 09:08 PM and is a permanent record located here: https://www.ripoffreport.com/report/loeber-motors-dba-mercedes/illinois-danny-turcinovic-1525071. 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 Author of original report

Typo

AUTHOR: Joseph - (United States)

POSTED: Tuesday, March 14, 2023

 *Loeber tried overcharge me by over 4K, not 5k. This was a typo. Joseph

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