Complaint Review: American Honda Finance Corp. - PHILADELPHIA Pennsylvania
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- Author Not Confirmed
- American Honda Finance Corp. PO BOX 7858 PHILADELPHIA, Pennsylvania U.S.A.
- Phone: 800-457-9929
- Web:
- Category: Car Financing
American Honda Finance Corp. RIP OFF DECEPTIVE COMPANY PHILADELPHIA Pennsylvania
*Consumer Comment: How were they wrong? Please clarify.
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In the month of August of 2002 my vehicle was impounded. Not wanting anything to happen to the car I automatically notified Honda Finance of my situation. In doing this Honda saw an opportunity to take action and siezed the vehicle.
To protect my lease agreement with Honda I attempted to make payments in accordance to what was decided between the company and I. These payments were given 30 days to be cured and reinstate the lease.
Immediately I did what was agreed upon and sent my payment in full to the company. But, to my surprise they were returned to me with a letter stating that due to the the repossetion payments were no longer being accepted. At this point it was decided by Honda that nothing could no longer be done in my favor to reinstate my lease and they auctioned off my vehicle.
As of now my leasing rights have been railroaded due to a repossetion on my credit report and I cannot obtain a new vehicle. In conclusion I now that Honda Finance was wrong in what they did and took full advantage.
Andre
Brooklyn, New York
U.S.A.
This report was posted on Ripoff Report on 07/31/2003 02:09 PM and is a permanent record located here: https://www.ripoffreport.com/reports/american-honda-finance-corp/philadelphia-pennsylvania-19101-7858/american-honda-finance-corp-rip-off-deceptive-company-philadelphia-pennsylvania-65054. 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 Comment
How were they wrong? Please clarify.
AUTHOR: Krista - (U.S.A.)
SUBMITTED: Tuesday, September 23, 2003
You had a lease, the lease was impounded and Honda took it back... so far that's what I have from your statement. On a lease, the FINANCE COMPANY OWNS THE VEHICLE. It most likely states in your lease agreement that you will not allow the vehicle to be seized or impounded.
Now, though I get confused... You said "To protect my lease agreement with Honda I attempted to make payments in accordance to what was decided between the company and I. These payments were given 30 days to be cured and reinstate the lease." A cure usually only happens when the account is in collections and they send a "cure" letter for you to pay all amounts currently due.
SO were you behind and then the vehicle was impounded by someone else. OR were you behind and the vehicle was repossessed?
Please clarify.
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