Posted on 07/31/2025 6:09:31 AM PDT by DUMBGRUNT
An Ohio woman who had her car repossessed by the dealership last year even though she was approved for a loan found an unusual means of responding:
McCreary discovered that the registration of the name "Taylor Kia of Lima" had been canceled by the Ohio Secretary of State’s Office after Taylor Cadillac failed to submit a renewal application, according to court documents.
So, she registered Taylor Kia of Lima in her own name.
(Excerpt) Read more at aol.com ...
I’m rooting for her!
I bought a car for cash earlier this year. The dealer wouldn't take a personal check unless I unlocked a credit report. They had all my personal information. During finalizing the purchase I gave them my DL, insurance card and the car I was trading in. They let me take the new car to the bank to get the cashiers check.
It seems odd to me that an OEM dealership selling recent used cars would have a fly by night financing firm
One of the things I learned is, if you finance, you get a better deal, and then simply pay off the loan right away.
If you pay cash, they won’t give you as much of a break on price. They make more money on Financing, than on the car itself. So just go along, and negotiate the best price.
The article says the dealership brought the lender to the table. Lender initially thought she was a viable borrower, but when they did their due diligence, could not find sufficient information to approve the loan.
The unaddressed question is, was this communicated to the borrower on a timely basis, with requests for what was needed to resolve the problem? Whose responsibility was it to contact her — dealership or lender? If contacted, did she respond? She should have known that she did not have a completed loan, and been calling the lender. Did she? Had she given false information in the first place? I’m sensing vexacious grifter here.
my Honda dealership sent me a check for $24.00 because they said they had accidentally over-charged me for a 2024 Honda Accord Hybrid I bought from them ...
Kia is a common dog name.
Very much the same as how “Sierra Mist” suddenly became “Starry”.
I am Freeper, that is not the way of my people.
—”they are ALL screwing you.”
Only if you let them screw you!
It is a two-way market and takes two to make a deal or take a walk.
If you have the hots for a new ride, you are double screwed before you leave your house.
How it should work.
Some friends NEEDED(not wanted) a new car, He is a pro salesman selling heavy iron computers to enterprises with a sales/engineering team. She is a hard-charging corporate executive with a very nice smile.
They did their homework and know the numbers cold.
The husband tells the story...
At the selected dealer, they are down to to the nitty gritty .
The husband says they made their number, but the wife is still working it.
AND KICKING HIS LEG!
The husband lets her work it...
After closing, the husband asked WTF, we had our number, don’t queer the deal!!!
Wife says, “I sensed weakness” and got a couple hundred off and some “free” dealer add-ons.
“If you want to make it in this world, you gotta be tough.”
A local dealership, heck I’ll name them, M&F Auto Sales, did something similar to my sister.
It was a $10K car with about $200 a month payments. She put $1K down. It was financed through a local credit union.
A week after the sale they said they needed an additional $1K in cash and her payments were going to go up $50 a month. She hadn’t lied about anything. She was earning $40K a year and had few expenses. Her credit record wasn’t great, but it was in the mid 600’s. I smelled a rat.
I advised her to tell them to come pick up the car. She also expected a full refund of the $1K she had put down.
Amazingly they came back with an offer upping her payment by $4 a month - they went through a different credit union - and no additional money down.
Scuzballs. If you live in the Albuquerque area, beware of M&F Auto Sales.
A true sign of the impending apocalypse...I find myself agreeing with a Gator...
—”It seems odd to me that an OEM dealership selling recent used cars would have a fly by night financing firm”
Depending on your credit rating, they will “guide” you to their lender of choice.
Guessing they have several to show you.
Also, the “dealer” could be a subcontractor that specializes in subprime borrowers.
All she has to do is make a cupcake and call it “Kia.”
“Kia” cupcakes $2.99.
Done.
—”I am Freeper, that is not the way of my people.”
Bullseye at 100 meters!
Nice shooting.
—” I’m sensing vexacious grifter here.”
Interesting?
I see it the other way, and it can be an expensive line between frivolous and vexatious.
My view is the dealer is trying to squeeze his mark.
I hope they hurry up and settle so we can see the after-action report.
WOW!
Sounds like a preplanned trap, that they run when it might work!
I would like to think it is uncommon?
I found out a soil conservation district was no longer active at secretary of state’s website.
I let then know at a board meeting.
Nonsense...It’s a rigged game just like the casino’s. Look at the lot inventories. They don’t care.
Right, but I would be shocked if someone could register a name that contains someone else's trademarked name.
“One of the things I learned is, if you finance, you get a better deal, and then simply pay off the loan right away.”
Some loans have a pre-payment penalty clause. Has that been your experience? I guess it would behoove the purchaser to read all of the fine print.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.