Wanna know how a dealership can turn into a loan shark? Here’s how!
We purchased a Ford Tempo from J.D. Byrider in 1999 so I could get to/from work, and then some. For the most part it was a good car, but after a vacation, it pretty much gave up the ghost and started overheating all the time. When we returned, we had a message that we could get into something else since our car was almost paid off.
(before I go on, YES, I probably should have had the car checked independently – my bad)
We picked up a Pontiac minivan in September 2002, and started paying on it. In December, I was let go from my job, and was getting unemployment. The job scene in Denver was not looking good, so as I was doing searches online for jobs, I found one in California. Deciding between a job 1000 miles away, or trying feverishly to find ANY type of job in Denver – we chose to migrate to California.
With the cost of living being higher, and the fact that I took an $8,000/year pay cut on this job (compared to what I was making), I called up the car dealer to see about voluntarily turning it in.
(Note: CNAC – the financial place that J.D. Byrider uses is now C.A.R. finance – same people though)
After talking with the rep, along with her supervisor (both throwing me the “high and mighty” attitude) told me I had only two options after telling me that I did not acquire WRITTEN authorization to take the vehicle out of state (I’ve NEVER heard of this one before), I had only two choices:
1. Continue to send them money
2. Drive it ALL THE WAY BACK TO DENVER – over 1000 miles, and then figure out how to get back on my own.
They claim that they would charge felony theft if I did not do either one, which sounds a little heavy-handed to me. Most dealerships contact a local repo rep to pick it up, but they don’t seem to be interested in this…..just getting their own way.
If you live in Denver, and hear….or see ads from J.D. Byrider – STAY AWAY! They will screw you royally if you don’t give them what they want – and on their terms.