Mastercars USA ,Masters Motor Sport, Masters Inc., East Coast Funding Group Inc., East Coast Leasing, Auto Gallery Imports Inc. Luxury Autos Of Great Neck NYS Banking Fraud, Contract Fraud, Illegal Repossesion of vehicles without bank order, Unscrupulous Business Ethics, Warranty Fraud. Unethical Finance tactics. THEY HAVE DONE IT ALL!! Great Neck, New York

I am writing this message to aware buyer's of a particular case and the history of this dealership so that customers are  knowledgeable of the company's business ethics.
 
First off, I am not a customer, nor am I a legal agent.  I do however work for the state, and my wife is a city employee.  Our names are not necessary as we are not involved in any business with Mastercars USA, or East Coast Leasing LLC/East Coast Funding Group Inc. A very good colleague of mine has recently purchased a vehicle from Mastercars USA (MASTERS INC.) and we are trying to build a very strong case, more civil than any criminal.  We would appreciate any legal statement, proof or advice, but we are seeking more the help of the state and NYS Banking commission more than just consumer advice .
 
Our friend has purchased his vehicle from Mastercars USA approximately 3 or 4 months ago today. The vehicle was offered at a low price, but sold at a high price (common dealer practice).  This is not my issue.  The vehicle was financed or shall I say leased by a leasing company named East Coast Leasing LLC/East Coast Funding Group. For obvious reasons as I shall state why later on, Mastercars USA has not offered an explanation as to why the vehicle was sold at such a much higher price without justification.
 
Our little investigation had started just when my friend felt suspicious and asked me for my help.  We decided to dig further into
the story after finding so many complaints by rip-off report and various dealer rating websites, as well as the Better Business Bureau
 
The following entities are affiliated with eachother and owned by the same 2 people but titled under multiple other names for business and corporate reasons.
MASTERCARS USA INC, 275 Northern Blvd, Great Neck, NY 11021,
MASTERS INC 275 Northern Blvd, Great Neck, NY 11021,
EAST COAST LEASING LLC 275 Northern Blvd, Great Neck, NY 11021,
EAST COAST FUNDING GROUP INC 277 Northern Blvd, Great Neck, NY 11021
AUTO GALLERY IMPORTS 500 Old Country Rd, Westbury, NY 11590
PRIZM ADMINISTRATIVE SOLUTIONS (based out of state)
Mastercars and Auto Gallery Imports are both Automobile dealerships, East Coast Leasing & Funding Group Is their in-house
finance company that services their loans and leases. Prizm administrative solutions is their warranty company. (It Is unclear but
we suspect that their is some ownership between the two companies, their is a speculation but we are uncertain)
 
The dealerships annual revenue is enough to Monopolize the Automotive industry in NY, by taking over the sales, finance and service section of the industry.
 
The story gets deeper...
 
As Mastercars USA has been in business for quite sometime now, East Coast Leasing has been a company of theirs for several years but not as long as the dealership has been in business. East Coast Leasing was changed to East Coast Funding Group after legal issues the company had with their selling practices.  East Coast Funding Group is now solely owned by Mastercars but Operated by Mr. Michael J. Danzi. East Coast Funding Group owns multiple reposession companies and has the right to purchase loans from other banks after a default. Their finance structure allows them to charge a money factor instead of an interest rate or APR.  A Money factor has no real limit in NYS. It can incur an interest rate of over 24.99% which is the Maximum allowed. The contract that we particularly are interested in has an APR of almost 31%. We will find out more about this practice as our investigations go on. (this information was given to us by a few attorneys that had cases against the dealership regarding the same issue)
 
Michael Danzi is the mastermind who owned and operated "The Captus Group".  The Captus Group was a used car leasing company that had sold their entire leasing portfolio and declared bankruptcy 3 years later to wipe out all debt and released their liability for a portfolio that had a value far less than it's new owners thought it would be. His father was in the autmotive industry as well, leaving a very small trail and being black listed from GNYADA, and other dealer associations permanently. He has not been able to touch a dealership application since.
 
The actual Owners of Mastercars USA, and Masters INC (same address). were convicted with charges of real estate fraud and speculation in 1998 For crimes going all the way back to 1986.  Mr. Kamran Shahkohi & a Mr. Ramin Baratian, both of Great Neck plead guilty to these charges and their cases are on the web for all to see. (See google)
 
We sent some volunteers undercover to walk into Mastercars to see if they can verify some information.  To our shock one of our
investigators had accidentally overheard a group of sales people, possibly even the sales manager talking about their commission plan. The calculation of the company's commission structure has left the sales people with no choice but to over charge customers in excess of Thousands of Dollars so that they can recieve a small percentage of any back or front end commission.  This will drive customers to angriness right away. It is not necessarily the fault of the employees but a greedy company.

We wanted to offer this information for all consumers to use when shopping for a vehicle because money is not earned as easily as it used to be. We will investigate further with the help of others, and an update with the Attorney's office and phone numbers of all Agents that we are working with to build this case and we would greatly appreciate any feedback from previous and current customers. We are not doing this for free, but are willing to offer our help.  Our names will be given out to all those with accurate cases as we are not doing this for just fun.

We hope to resolve this matter and to keep Consumers safe. Thank you for listening.