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Posted on 07/31/2025 6:09:31 AM PDT by DUMBGRUNT
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Not with the recent car we purchased, we paid it off within two months.
Something is not adding up
Global probably approved the deal with stips, conditions that the customer probably didn’t provide
The fact that the dealer repo’d the car themselves tells me someone at the dealer dropped the ball by letter her drive off without securing the loan, approval
Global is a subprime lender meaning crappy credit
A smart dealer always has backup approvals or worst case, in-house finance so something is missing from story
—” Look at the lot inventories”
So tell us about the car you want and the price you are willing to pay.
And why do you NEED this vehicle?
Perhaps you should consider something you can afford and stop complaining.
The article didn’t say she was or wasn’t qualified, it said they didn’t have enough info to make final approval. I don’t know what the time period was between the finding of ‘not enough info to approve the lone” and the repossession or who said what or called whom before the car was taken.
I bought a car just recently where the loan people said there was a discrepancy in their info or else they couldn’t approve the loan. It was a mistake in the spelling and some mismatched address issue. Easily taken care of due to good communications and the loan went thru.
that’s quite a name M and F auto sales. Sounds like their business practices match their initials...
just saying LOL!
LOLLLLLLLLLL!!!!!!!
My wife bought a car (without my input) and the car company called us 3 weeks later. They gave her a new contract $600 cheaper to get the loan through. I am sure they so over charged her, the loan company said no to the original loan.
Timeliness of payments have nothing to do with this incident. This a a scam/hustle some car dealers engage in to extort more money (higher interest rates) from buyers/borrowers.
They come back weeks after the loan approval and sale of the car and say new/more credit history has been found and demand the buyer agree to rework the loan terms (think loan shark rates) or the car will be repossessed and down payment forfeited.
Credit info sufficient for car loans is obtainable by the dealer in a matter of minutes. "New" information does not come up weeks later. Complete scam. Also, any loan agreement for a car that has some fine print saying that the loan can be abrogated later on that premise is preplanned for the ripoff.
Screw with the wrong Bitch and your life can become a bitch!
They run a lot of 10 second radio spots. It is a jingle...
We let our prices do the talking
M and F Auto Sales
Annoying AF...
If you read the article you would know it wasn’t an issue of car payments.
Your take on it is definitely possible. It’s hard to judge without seeing the paperwork and knowing what was communicated when and by whom. I’m sure car dealers play games sometimes. Since repo’ing costs the dealer money, trouble, and probably devalues the vehicle, I can’t think of a rational motive for them NOT to try to cure this situation first. There is always incompetence. We’ll probably never know the outcome, which sorta sucks.
Doing a quick web search it appears the lending company is a subprime lender.
—”We’ll probably never know the outcome, which sorta sucks.”
OH NOES!
On that item, I do hope you are wrong.
I wanna know!
I see the story has been picked up by others...
That said, toast always lands wrong side down.
I think we may learn more about the outcome. This gal is not a lawyer but she clearly has good legal representation. I suspect her lawyer has a plan, it may be revenge or an opportunity to make some money. This lawyer may have a bone tp pick with the lawyer representing the Kia company. Or the lawyer knows of many people who have been screwed over by that dealership. Depending on consumer laws the lawyer may be able to represent a few of those disgruntled customers for damages or even triple damages.
Years ago I had an issue with a dealer’s repair department and I was wrongly charged. I went to my lawyer who told me exactly what to do. He dictated to me what to print on a piece of paper and told me to make an appointment and take it to the lawyer of the car dealership. The lawyer thought I had come to pay the bill. He came out and I handed him the paper. That lawyer realized he had just been served some kind of legal notice. LOL. That lawyer went bezerk, storming around, slamming doors. When I went back and told my lawyer he laughed and laughed. Apparently he had a long history with the guy and just got a one up on him.
My last used car purchase was paid in full via bank transfer.
Is she a lawyer? She thinks like one.
I agree. Why hand her the keys without a secured loan?
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