CONSUMER SCAM UNCOVERED PART ONE
Posted by zeakster on March 20, 2010
I have had a long couple of days and me and the wife are still trying to grasp what actually happened. this will be a multi part story as we gain more info and more insight.
a little under a month ago we bought a car from a local dealership not a small one a well known dealership here in town. signed the paper work were happy with the price and the loan. we had originally gone through our bank for the loan and were approved. it turns out we have stellar credit and the dealership was able to offer us an even lower rate we signed the deal that night. a couple of weeks later our bank called back and wanted to know if they could beat the other offer. we said sure. in the course of getting the paperwork together our bank informed us we would have to ask the other bank for a reimbursement for an extra we had purchased. we called the lender bank and to our astonishment the extra wasnt on the promissory note they had received. very curious indeed.
the lender bank sent us a scanned copy of the promissory note they had on file. when we compared the two the extra was on ours but not theirs. the interest rate was higher on ours. the price was higher on theirs. absolutely none of the figures were the same on the two contracts. we were dumbfounded. my wife was on the phone all day with the lender bank but there was nothing they could do without the document we had. we called the dealership to get some answers no response all day. this set off alarm bells. we decided to put off anything untill the next day.