BILL HEARD CHEVROLET LIED ABOUT INTEREST RATE AND MSRP! UNION CITY Georgia

First of all think before you talk (or write) Seems to me you were slaughtered in your trade ( owed more than it's worth). You may have good credit but i doubt you actually know how to read credit nor understand how it's lent. They probably raised the sales price to hide your negative equity. Which they can do because they all have addendums on thier cars of about $2,995. And i know this because you went thru Wells Fargo. They do large LTV's ( loan to value) with that includes higher rates. I really wish you incompetant customers would do your homework before you start mouthing off. And another thing why would you use a credit card for down payment?? and not even read what your signing?? I bet your a payment buyer too?? And all your credit cards are maxed out?? I give it less than two years you'll file Bankruptcy. My advice to you is pay fast and drive slow.... that'll help your negative equity.

It's no wonder Bill Heard filed for bankruptcy after hearing stuff like this. Did you really get taken for 60K?? Wow I'm sorry for you. The one in Plant City here closed very abruptly. Employees (salespeople and service) went out to lunch one day and when they came back, they said, "Your services are no longer needed. Bye." and kicked everyone out. I also knew a lady who was promised an Onstar upgrade to the vehicle she bought right before they went out of business.

There was a several million-dollar lawsuit filed against this dealership for deceptive sales practices. Chevrolet also would not give them credit for their large inventory of unpopular fuel inefficient SUVs. Just a few other reasons Bill Heard has gone belly up.

While you are probably out of luck since Bill Heard dealerships are now defunct at least others can learn from your problems.

You should have researched how to buy a car and avoid problems before you signed all the paperwork. You can find out these items via the internet at such sites as edmunds and consumer reports etc...

The good news is that all of Bill Heard's dealerships have folded and gone under.
They filed for bankruptcy protection. Bill Heard is also being sued by everyone and their uncles. Mostly the banks he owes a lot of money to.

His liability is listed at between 500 million and 1 billion. His assets are listed between 500 million and 1 billion. Sounds strage but that is what I read. If so then Bill will be broke just paying off his debts. Not to mention settling any lawsuits.

He is done. And customers are again being screwed. You are on the hook for the 60K you allege you owe.

First you should have reviewed the contract before you signed it. As for the additional 10,000, was there a pay off on your trade in? If so how much was it?From the info presented it seems as though you financed your traded vehicle loan in the new loan.

In regards to going over your credit report with you, a dealer or lender does not have to. As for having good credit, there are many factors that are considered when approving a loan and the degree of risk will also have an impact on the interest rate charged. Without reviewing your credit file I could not tell you why you would have a higher APR (I happen to be a manager of a credit department, completely unrelated to any one of the companies mentioned here)Keep in mind that some lenders will have higher APRs and Wells Fargo may be one of them.

If the total cost of the loan will be around 60,000 by the time you pay off the vehicle it would appear that you may have about a 17% apr if you have a 7 year loan based on $35000.

I would suggest you contact a local lender and take out a loan with them at a lower APR and payoff the Wells Fargo loan. If you own a home and have equity you may be able to get a home equity loan though I don't recommend using home equity for something that decreases in value. You can also save finance charges by shortening the term of the loan, or course the payments will be more but you will benefit in the end.

I hope some of this info helps