JD Byrider - CNAC Ripoff, We paid $12,000 for a $3,500 car. Please don't let this happen to you. Bedford Ohio

In the fall of 2002, about a year before we were married, my husband purchased a 1997 Ford Escort from JD Byrider of Bedford, Ohio. At the time, he knew he wasn't getting a bargain, but he accepted the terms of the offer because he was desperate and needed a car.

Today, I am taking a check for $2,500 to the JD Byrider office so we can finally pay off the loan. We have been paying CNAC $136 every two weeks since that time. When my husband purchased the car, it had a blue book value of around $3,500 - $4,000.

The purchase price was $6,995. I just added up all the money we've spent on this vehicle over the past 3+ years (just on payments, mind you, this figure does NOT include repairs) in addition to the $2,500 I will pay them today, the total comes to more than $12,000. Twelve thousand dollars for a car that was worth less than $4,000 to begin with and is worth about $1,500 now.

Please, everyone. I hope that at least one person reading this will take my advice. Stay away from this company. You have other options. Save your pennies and buy a $500 car from a local auction. Even if that car breaks down in two months, at least you'll know it was paid for. Don't let yourself get ripped off the way we did.

Katy
Cleveland Heights, Ohio
U.S.A.