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Buying a Car During the Credit Crunch

343 messages,  Last post on Nov 14, 2008 at 5:59 AM

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What is this discussion about? Car Buying, Car Financing, Car Leasing


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#294 of 343
Re: Buying 2 Cars [kdhspyder] by oldfarmer50
Nov 01, 2008 (5:00 am)
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Replying to: kdhspyder (Oct 30, 2008 3:29 pm)

"...Case in point..."
 
If I was selling anything to that guy, the only thing he would be riding would be the bottom of my boot.
#295 of 343
Re: Buying 2 Cars [kdhspyder] by andre1969
Nov 01, 2008 (5:40 am)
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Replying to: kdhspyder (Oct 30, 2008 3:29 pm)

So what was the outcome of that transaction? I hope they didn't still get $2500 for their trade! Or did the deal just completely fall through?
#296 of 343
Mazda Credit Corporation - Unethical Practices by dfz1
Nov 01, 2008 (9:11 am)
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In September I made my Mazda 5 lease payment. The company mis-posted the amount and processed the check for $90.00 less than what it should have been. I made my October payment.
 
In the last 24 hours I have received four phone calls from very rude individuals who each have given me a different story as to why I was late $90.00. I responded to the first call prior to researching the issue and stated I would send the amount immediately. I was then called three more times after that and was told they did not have an automated system to record the first calls.
 
I asked to speak to a supervisor and was given the name of an individual who does not even exist in the company. I was given a fax number and faxed a copy of the check to that number. When I went to call the person I had faxed it too I was told he did not exist in the company. Eventually after four more calls I found that in fact the fax was received and the issue was being researched.
 
Conclusion undoubtedly the most rude, arrogant and dishonest company I have ever done business with. I personally would not buy any product from Ford Motor company in the future including Ford, Volvo, Jaguar, Lincoln etc. If you do I would strongly recommend not financing through either Ford credit or Mazda.
 
While the financial future of this company in tenuous they have decided to abuse the customer probably as a strategy to maintain a dwindling cash flow. I also will not do business with the dealer Scott Mazda in Allentown PA.
 
I have filed a report with the FTC re the harassment by Ford Motor Company by telephone. The number of calls especially given the amount was excessive. The manner of the call agents varies from passive aggressive to out right hostel. These are cruel nasty people. They seem to find pleasure in harassing their consumers.
#297 of 343
Re: Mazda Credit Corporation - Unethical Practices [dfz1] by fezo
Nov 01, 2008 (10:14 am)
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Replying to: dfz1 (Nov 01, 2008 9:11 am)

Thanks for sharing that. It tells me that Ford customer service has not improved in the last 9 years.
 
I never had a finance issue but dealt with them on mechanical issues (the famous head gasket on the 3.8, melting transmissions and such). They not only did not do anything but were abusive as all get out.
#298 of 343
Re: Buying 2 Cars [andre1969] by kdhspyder
Nov 01, 2008 (10:19 am)
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Replying to: andre1969 (Nov 01, 2008 5:40 am)

They took the trade out of the deal and sold the vehicle to CarMax for $1500-ish I believe. I had to switch them to another lender because the first app that went in had a bogus income on it. Lenders are becoming sticklers for apps and stips that don't jive.
#299 of 343
Re: Buying 2 Cars [kdhspyder] by joel0622
Nov 01, 2008 (10:27 am)
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Replying to: kdhspyder (Nov 01, 2008 10:19 am)

Lenders are becoming sticklers for apps and stips that don't jive.
 
Ya that whole giving correct information is a real bitch some times.
#300 of 343
Re: Buying 2 Cars [joel0622] by fezo
Nov 01, 2008 (10:30 am)
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Replying to: joel0622 (Nov 01, 2008 10:27 am)

Correct information? Picky. Picky. Picky....
#301 of 343
Re: Buying 2 Cars [kdhspyder] by mikefm58
Nov 01, 2008 (12:54 pm)
Reply

Replying to: kdhspyder (Nov 01, 2008 10:19 am)

Lenders are becoming sticklers for apps and stips that don't jive.
 
That might happen for an auto loan, but never for something significant like a mortgage. Wouldn't THAT be stupid!
#302 of 343
my wife just got a letter... by explorerx4
Nov 01, 2008 (2:40 pm)
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good for 40k from fmcc through the end of the year.
she wants an escape hybrid and there aren't any of those to be found around here.
#303 of 343
Re: Mazda Credit Corporation - Unethical Practices [dfz1] by nippononly
Nov 01, 2008 (6:13 pm)
Reply

Replying to: dfz1 (Nov 01, 2008 9:11 am)

One thing you don't ever want to do is cross Mazda Financial. They are without a doubt the meanest, most awful SOBs in the car financing biz today.
 
And I see from your story that they even treat people who have done nothing wrong that way. I have had a few friends who won't make the mistake twice of financing a vehicle through Mazda. It is sort of like the Discover Card of the auto finance world.

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