Complaint Review: Mitsubishi Motors - Tuscaloosa Alabama
- Mitsubishi Motors P.O. Box 7247-0455 Philadelphia Pennsylvania Tuscaloosa, Alabama U.S.A.
- Phone:
- Web:
- Category: Auto Dealers
Mitsubishi Motors Fraudulent misrepresentation ripoff Tuscaloosa Alabama
*Consumer Suggestion: Here are a few things about this situation
*Consumer Suggestion: Here are a few things about this situation
*Consumer Suggestion: Here are a few things about this situation
*Consumer Suggestion: Here are a few things about this situation
*Author of original report: Mitsubishi Motors is the Devil
*Author of original report: Mitsubishi Motors is the Devil
*Author of original report: Mitsubishi Motors is the Devil
*Consumer Comment: Ripoff?
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I purchased a brand new Montero Sport right after graduating college in 2001. I was working and needed a more reliable vehicle. I went to the Mitsubishi dealership to PURCHASE a vehicle. I did not realize that after I made the 65 regular payments of 413 dollars I would be faced with a ballon payment of almost 9,000 dollars.
It is now 2006 and I have been paying into a lease when I believed I was purchasing my vehicle. I didn't realize I had a yearly mileage requirement or any of the other stipulations that make my purchase a lease. I feel like I have been raped. I am now married with a small child and was looking forward to being finished with my payments but now I am faced with this.
James
Tuscaloosa, Alabama
U.S.A.
This report was posted on Ripoff Report on 10/13/2006 07:58 AM and is a permanent record located here: https://www.ripoffreport.com/reports/mitsubishi-motors/tuscaloosa-alabama-35406/mitsubishi-motors-fraudulent-misrepresentation-ripoff-tuscaloosa-alabama-215557. 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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#8 Consumer Suggestion
Here are a few things about this situation
AUTHOR: Yodaddy - (U.S.A.)
SUBMITTED: Wednesday, February 06, 2008
I am in the car business in Tuscaloosa, AL. We have fought for a long time against this deal with customers who were in terrible situations and didnt understand what they got themselves into. This was a Mitsubishi promotion - the triple diamond advantage or something like that.
Its not a lease, its a balloon note. Its like a lease in that you have a mileage cap and a residual value. It is written on a regular retail contract with the last payment being huge. But the "benefit" to the customer was that you didnt make a payment for a year. So in month number 13 you had a year old vehicle that is now a used car that you havent paid a dime on. Its a pretty terrible situation to be in. I want to say there was a class action law suit against Mitsubishi for that program but that could be wrong. Chances are that the vehicle isnt worth nearly the $9K you owe in the balloon. So you are probably several thousand dollars upside down and owe a lot. Your only real option is cash in the form of a rebate on a new vehicle to cover it up; or out of pocket to buy your way out of the situation. I know it sucks. I see it all the time.
#7 Consumer Suggestion
Here are a few things about this situation
AUTHOR: Yodaddy - (U.S.A.)
SUBMITTED: Wednesday, February 06, 2008
I am in the car business in Tuscaloosa, AL. We have fought for a long time against this deal with customers who were in terrible situations and didnt understand what they got themselves into. This was a Mitsubishi promotion - the triple diamond advantage or something like that.
Its not a lease, its a balloon note. Its like a lease in that you have a mileage cap and a residual value. It is written on a regular retail contract with the last payment being huge. But the "benefit" to the customer was that you didnt make a payment for a year. So in month number 13 you had a year old vehicle that is now a used car that you havent paid a dime on. Its a pretty terrible situation to be in. I want to say there was a class action law suit against Mitsubishi for that program but that could be wrong. Chances are that the vehicle isnt worth nearly the $9K you owe in the balloon. So you are probably several thousand dollars upside down and owe a lot. Your only real option is cash in the form of a rebate on a new vehicle to cover it up; or out of pocket to buy your way out of the situation. I know it sucks. I see it all the time.
#6 Consumer Suggestion
Here are a few things about this situation
AUTHOR: Yodaddy - (U.S.A.)
SUBMITTED: Wednesday, February 06, 2008
I am in the car business in Tuscaloosa, AL. We have fought for a long time against this deal with customers who were in terrible situations and didnt understand what they got themselves into. This was a Mitsubishi promotion - the triple diamond advantage or something like that.
Its not a lease, its a balloon note. Its like a lease in that you have a mileage cap and a residual value. It is written on a regular retail contract with the last payment being huge. But the "benefit" to the customer was that you didnt make a payment for a year. So in month number 13 you had a year old vehicle that is now a used car that you havent paid a dime on. Its a pretty terrible situation to be in. I want to say there was a class action law suit against Mitsubishi for that program but that could be wrong. Chances are that the vehicle isnt worth nearly the $9K you owe in the balloon. So you are probably several thousand dollars upside down and owe a lot. Your only real option is cash in the form of a rebate on a new vehicle to cover it up; or out of pocket to buy your way out of the situation. I know it sucks. I see it all the time.
#5 Consumer Suggestion
Here are a few things about this situation
AUTHOR: Yodaddy - (U.S.A.)
SUBMITTED: Wednesday, February 06, 2008
I am in the car business in Tuscaloosa, AL. We have fought for a long time against this deal with customers who were in terrible situations and didnt understand what they got themselves into. This was a Mitsubishi promotion - the triple diamond advantage or something like that.
Its not a lease, its a balloon note. Its like a lease in that you have a mileage cap and a residual value. It is written on a regular retail contract with the last payment being huge. But the "benefit" to the customer was that you didnt make a payment for a year. So in month number 13 you had a year old vehicle that is now a used car that you havent paid a dime on. Its a pretty terrible situation to be in. I want to say there was a class action law suit against Mitsubishi for that program but that could be wrong. Chances are that the vehicle isnt worth nearly the $9K you owe in the balloon. So you are probably several thousand dollars upside down and owe a lot. Your only real option is cash in the form of a rebate on a new vehicle to cover it up; or out of pocket to buy your way out of the situation. I know it sucks. I see it all the time.
#4 Author of original report
Mitsubishi Motors is the Devil
AUTHOR: James - (U.S.A.)
SUBMITTED: Friday, October 13, 2006
If you are familiar with Mitsubishi and there business practices you realize how this contract was presented. Though it reads as a lease the contract was presented otherwise. If Mitisibushi is the type of company that preys on people it surely has done its job well, but still I rise.
#3 Author of original report
Mitsubishi Motors is the Devil
AUTHOR: James - (U.S.A.)
SUBMITTED: Friday, October 13, 2006
If you are familiar with Mitsubishi and there business practices you realize how this contract was presented. Though it reads as a lease the contract was presented otherwise. If Mitisibushi is the type of company that preys on people it surely has done its job well, but still I rise.
#2 Author of original report
Mitsubishi Motors is the Devil
AUTHOR: James - (U.S.A.)
SUBMITTED: Friday, October 13, 2006
If you are familiar with Mitsubishi and there business practices you realize how this contract was presented. Though it reads as a lease the contract was presented otherwise. If Mitisibushi is the type of company that preys on people it surely has done its job well, but still I rise.
#1 Consumer Comment
Ripoff?
AUTHOR: Nancy - (U.S.A.)
SUBMITTED: Friday, October 13, 2006
Please tell me how your contract read? It seems to me that it would have been obvious that this was a lease.
Nancy, WA State
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