4 years ago
I came in to try and trade in my truck, and buy so...
I came in to try and trade in my truck, and buy something smaller, knowing I had negative equity in my trade in. I wanted to do the transaction under my business name. I own a delivery company and have 15 different vehicles financed completely in my business name, not personally. I preferred to not do a down payment but let them know I could do a down payment if needed. I knew this might be a difficult transaction because of the negative equity in the trade. The whole crew seemed extremely put off by the fact I wanted a commercial loan and not a personal loan. Immediately after filling out the credit app I was told I could leave and they would call me by the end of the day to let me know if they found financing. I didn t receive a call at the end of the day. For the next three days I called and left messages for Robert (the finance manager) to call me and still have yet to hear back from him. I finally got back ahold of my salesman to ask what was going on and he said I needed a $7,000 down payment. I said ok and asked him for more details on the loan like interest rate, loan term and wanted to verify it was a commercial loan and not a personal loan. He didn t seem to know the answers to my questions and said he would have Robert, the finance guy call me back. I don t know if they don t want to sell a car or if they really don t have a loan for me. I think they figured if they told me I needed a $7,000 down payment that I would go away. I feel like rather than telling me they have no means to finance me they told me the $7,000 down payment excuse when that wasn t really the truth. Otherwise why would it be so difficult to get the loan details from them? The place isn t busy at all. They would have had plenty of time to call me back.
***Response to Steve St. Germain
My original post is above this...his response to my original post is below this.
It is not illegal to get a commercial loan for a vehicle! You are a liar or an ignoramus!!! I want you to remove your public post about me attempting something illegal. It is wrong and slanderous. I have 15 delivery vehicles in my business name, financed commercially! I gave you my business profit and loss statements, and filled out a commercial credit application. If you think it is illegal to purchase a vehicle in a business name why did you provide me with a commercial credit application? My business does 1.8 million in sales annually. I was going to use the vehicle I attempted to purchase from your dealership for deliveries! It would be deceitful for me to purchase it in my personal name if I am using the vehicle for business deliveries, and paying for it with money from the business! Even if you guys thought this was illegal, which it is absolutely not, I was lied to by everyone at your dealership. I was told that I was approved if I had a $7,000 down payment! I do have a $7,000 down payment, but nobody would call me back with details. My entire family has bought vehicles from this dealership for over 30 years. Never again though! I see why everyone at the dealership lies now...it starts at the top with Steve!!!!!!!
2nd response to Steve St. Germaine
Just as I told your salesman Andre and your finance manager Robert, my mom is a member of the LLC. It s a family business. You seriously need to do your homework before you call something illegal. And if you guys had a problem you should have communicated that to me while I was trying to purchase a vehicle from your dealership, and not make up lies to cover your ass after I posted a negative google review.