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Report: #184757

Complaint Review: North Texas Nissan - Corinth Texas

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  • Reported By: Lewisville Texas
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  • North Texas Nissan 5650 S. Stemmons Freeway Corinth, Texas U.S.A.

North Texas Nissan Scammed me into a Lease for double the cost of the vehicle RIPOFF Corinth Texas

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I went to a North Texas Nissan, and was looking to buy a car, and had a salesman tell me about this new program that Nissan is offering. He made it sound like a purchase plan and it was what every one is doing but in all reality it was just a lease.

They told me with $6000.00 down and my wifes car for trade in that they could get me financed for 579.00 per monthn with 2%intrest. They never once mentioned lease. Well after 5 hour wait I finally got the contract, had 3 guys standing over me telling me to disregard these numbers they were just using these figures to get me approved and that there verbal agreement stood.

they said that it was unlimited miles and after the 48 months I could keep it for a small $150.00 fee. So they convinced me to sign and after signing everything, I get home with the vehicle and start reading all the fine print and find all these extra charges that shouldnt be there. Also a 12,000 mile limit per year. Another number that they told me was irellevent. "the miles are unlimited". They told me that the service contract which was mandatory was only $15.00 per month, but on the contract it states that the service and maintance contract listed as being $2600.00 over 4 years.

They also claim that they had me sign my wifes name on the title transfer for the trade even though I remember nothing about it. I think they forged it. She is the primary owner of the trade. Im just a co signer. My wife doesnt want to do this deal and refuses to sign. I went to another dealership (-------)and they looked over my contract and explained how I was being ripped off. It was clear to me then what was happening. I was being scammed and being charged almost double for the vehicle and I dont own it.

The other dealer showed me what they could do for me on the same vehicle with the same finance company(Nissan Motor Credit) and I was shocked. I then stated to them that my wifes car which was in her name, was what I was going to trade, but she never signed anything releasing the title to the dealership. Bankston said that I was told that if she didnt agree then the contract was void.

So I took the truck back to the dealer and gave it back to them and told them why and they said they would sue if i didnt bring her car in. They said they didnt even need her signature. Also when I took the vehicle back to NTN the next day after signing and told them I couldnt do it. I handed them the keys and said here it is. i then left with my wife they then returned the truck from there buisiness to my home while I was gone. I came home and there it was sitting in my driveway. I havent drove it but only the 2 hours after signing the contract and thats it. Me and my wife are pregnate with twins and this is the last thing we can afford to happen right now.

Chris
Lewisville, Texas
U.S.A.
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This report was posted on Ripoff Report on 04/03/2006 07:29 PM and is a permanent record located here: https://www.ripoffreport.com/reports/north-texas-nissan/corinth-texas-76210/north-texas-nissan-scammed-me-into-a-lease-for-double-the-cost-of-the-vehicle-ripoff-corin-184757. 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 Suggestion

Dont listen to a competitor

AUTHOR: Tim - (U.S.A.)

POSTED: Thursday, May 31, 2007

Its hard for any dealership to say your not getting ripped off because they want your business. Im not sure of the lease terms but I have seen some deals where you have a small residual at the end to finish out the lease and you own it.

If you wanted to purchase the vehicle and they got you into a lease, as long as you are not returning it at the end of the lease, you can drive unlimited miles. Most dealerships allow unlimited miles if you trade it in on a new vehicle or purchase it for the residual amount.

If Nissan was offering a lease for 60 months with a residual of $150 as a buyout at the end of the lease, then it was a great deal. You pay the low interest rate of a lease for the same 60 months that you would on a purchase and pay the $150 residual and the vehicle is then yours. Just like a purchase. And as long as you do pay the residual, then the milage doesnt matter.

Many people fear leases because they do not fully understand how they work. Do some research and you may find that they can be a better deal, especially if you are going to trade it in. If you dont keep a vehicle more than 4 years, a lease could be your best bet so you dont go into the next deal upside down.

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