I had recently purchased a car with Honda of Hollywood for the first time. My sales person, Mo, had pushed me on a 2009 Honda Civic LX.
He had done the usual car dealership procedure and went back and forth to his boss and waited for an approval from my bank, Chase. Mo, then offered for me to pay a monthly of $500. I told him that I had little finances and couldn't afford such a high payment. He then went from $500 to $375 for 60 month after I had put $8500 down at a sticker price of $17,995, although I was aware of how pricey my deal was, I agreed. At an urgency, Mo had rushed me over to my bank to take out the cash and while I was in transaction, Mo had spoken to my father telling him the agreement of $375 for $60 months. Mike, the finance person, and Mo had not gone over any details with me and just told me where to sign.
Two weeks later, Santander Consumer USA Inc had called me to reconfirm the information that they had from me and mentioned that I had a $380 a month payment, at a 72 month time frame (I had verbally agreed with Mo for a $375 at 60 month). I then went to the dealership to try to correct this and after one rude staff member after another trying everything in their power to avoid having me speak to a manager, I finally reached my sales person, Mo. He called me back and told me that I can just refinance in a few months, but again left out details and failed to mention that refinancing it in just a matter of months will only drop the price $10-20.
I took matters into my own hands and went to the dealership personally; they had me wait an hour when all they were doing in the manager's office was having coffee and laughing (knowing I was there waiting). So, I finally knocked on the door and demanded to speak to manager, Charles/Charlie. He explained the contract further and told me that whoever was involved should have at least explained my contract and all the details, that he will speak to everyone involved and can see what he can do, although it may be too late in terms of the $5 dollar difference and 60 not 72 month policy that I originally agreed to. I did not understand how it would be too late since I have not even made my first payment towards and how it was only less than a month since I've had the car. Charles told me that he would reach me by Monday, but I had no call back.
I then finally got a hold of him and he pretty much said that there was nothing he can do at this point unless I got a co-signer which is out of the question and for me to just refinance in a few months. When Charles had asked Mo of the conversation between my father and him, he had simply lied to his manager and said he didn't remember.
I had expressed with the manager, Charles, and everyone at Honda of Hollywood that I feel like I had been taken advantage of to have to pay a total of $35,883.76 for a $17,995 used Honda LX. They had shared no details and information about the contract and just simply ordered me to sign in a very rushed and pushy manner. My experience with following up with the matter was even worse. They were horrible to get in touch with and didn't tend to my matters in a timely manner and had just straight lied about our agreements. They knew my financial situation as well as me being a first time buyer, new driver in this situation which they took advantage of.
