Complaint Review: Security National Automotive Acceptance Corporation - SNAAC
- Security National Automotive Acceptance Corporation - SNAAC
6951 Cintas Blvd
- Phone: 800-995-0591
- Category: Car Financing
Security National Automotive Acceptance Corporation (SNAAC) THIS IS THE BIGGEST RIP OFF FINANCE COMPANY WHEN IT COME TO MILITARY. Mason Ohio
*UPDATE EX-employee responds: Tips To Avoid Them
*UPDATE EX-employee responds: YOU CAN STOP YOUR ALLOTMENT!!
*UPDATE EX-employee responds: JIM, YOU ARE MISSING THE POINT.
*Consumer Comment: Now Somebody's Out To Get The Military
*UPDATE EX-employee responds: SNAAC'S REBUTTAL TO THIS SOLDIER IS MORE CORPORATE BULL AND HERE'S WHY:
*REBUTTAL Owner of company: military scammed by snaac
*UPDATE Employee: SNAAC Rebuttal
Also because they are usually far from home for the first time. They charge the customer ridiculously high interest rates/fees, and leave it up to the dealerships to take the blame for their unfair business tactics. The dealership can buy the rate down online, and the customer ends up paying more for the car. I.E. If they have a 17% interest rate and the sales price is $12,000 (already way too high), then they can make the interest rate 7.99%, and the sell the car for $13,000, and the dealership still only gets a check for book value.
Hmmmmm. The customer is oblivious to this, because most of the customers they target are between the ages of 18-21 years old, have never been away from home, and have no knowledge of what they are doing. We are talking about active duty military personnel that are just getting started with their careers defending this country.
Active duty military personnel that sometimes have absolutely no credit, and start their credit history with Security National Automotive Acceptance Corporation in the wrong way. SNAAC is quick, painless, and almost always requires no money down, therefore appealing to young enlisted personnel that sometimes only make between 900-1100 dollars a month before taxes. SNAAC is a straight rip off to our men and women in the armed services. BEWARE!
This report was posted on Ripoff Report on 08/21/2007 01:11 PM and is a permanent record located here: http://www.ripoffreport.com/reports/security-national-automotive-acceptance-corporation-snaac/mason-ohio-45040/security-national-automotive-acceptance-corporation-snaac-this-is-the-biggest-rip-off-fi-269160. 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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