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Report: #366052

Complaint Review: David McDavid Honda Of Irving Texas - Irving Texas

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  • Reported By: Irving Texas
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  • David McDavid Honda Of Irving Texas 3700 West Airport Freeway Irving, Texas U.S.A.

David McDavid Honda Of Irving Texas Bought an used car with a lot of extra charge Irving Texas

*Consumer Suggestion: Where is the Ripoff?

*Consumer Comment: Big Mistake

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Buying cars is not an excited task, specially used ones. However, after being a customer of this company for more than 15 years, buying 3 cars from them, and continually used the place for repairs, I felt this was the place to buy another used/new car.

I bought a Honda Civic 2002 about 2 years ago from David McDavid Honda. I went back to the dealership last week to try to exchange the car for a newer version (done this in the past for two cars, very happy). I found out the Honda (which is one of the best retainers of the original price) has now about $6,000 on negative equity.

Why? well, I found out that the car has an extended warranty for $2000 (I guess I can get some of that money back), it also has "insurance" for one month for about $1,200 (I don't have any records in 30 years of driving, so I could get my own insurance for a lot less), and also it was set at a 15% interest (not that I have the perfect credit, but a quick search for a car loan came back with an approved 7.19%, so I was double the interest).

Result? If I sell the car today (in perfect mechanic and body shape, with 63,000), I will owe abot $6000. So, you have not choice to keep it! that is wha I was told by the dealership. He basically said: good luck and come back later, and let me go (hard to believe, I left the dealership without a new car).

Yes, it was my fault for not reading the small print on the contract, but thinking that I was their customer for more than 15 years, I thought I was going to be treated very good. Wrong! think twice next time and read the small print.

Just for curiosity, I went to Toyota of Irving and I got $1600 more money for my Honda on the first try than what David McDavid (original seller and Honda re-seller dealership) was offering to me ($5400 for trade-in, Kelly Blue Book says to expect around $8,000 at least, so I asked them why so low: explanation: Kelly Blue Book is out of date, the numbers are not real).

Conclusions, I will not buy a Honda from David McDavid, I won't even go back to the dealership for repairs on my Honda (even though I had a "extended warranty" for my car, why extended warranty? those cars don't break, not until they have a lot of miles!).

Irving, Texas

This report was posted on Ripoff Report on 08/23/2008 05:47 AM and is a permanent record located here: 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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#2 Consumer Suggestion

Where is the Ripoff?

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

POSTED: Saturday, August 23, 2008

There is no ripoff. You bought a car from a "trusted" dealership and didn't read the contract before you signed it. You paid an exorbitant interest rate and signed for extended warranties and insurance that you didn't need. I'll bet the monthly payment was just fine though. Dealers love payment customers. A friend who is a car salesman in New Orleans tells the buyer honestly that he can have "anything on the lot" for his $400 monthly payment. The dealer will just adjust the length of payment or the interest and he will pay exactly $400 for 36 months or 48 or 60 or???? Next time quit depending on the dealership to honor an old customer. Their policy is "you bought a car yesterday. What did you do for them today?" Some dealerships are fine. I go to one where it takes 5 minutes to buy a car. I just order it, arrange financing myself, and pick up the car when it comes in and give them a check. The delivery takes 10 minutes. Next time read the contract if you are financing a car and next time see your credit union for financing - not the dealer.

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#1 Consumer Comment

Big Mistake

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

POSTED: Saturday, August 23, 2008

People think that because they've bought a couple of vehicles from a car dealer, they've become "good friends". BIG MISTAKE. Car dealers just use this preceived notion as a ruse, to screw you over even worse. "After being a customer of this company for more than 15 years, buying 3 cars from them.....". You'd expect them to treat him better. NOT. Typical car dealer. They saw a chance to screw a customer and took it cause he let his guard down cause he THOUGHT they'd treat him better AFTER 15 years. Sad.

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