Like the salesman's card with multiple names crossed out and penciled in.
This may be a scuzzy dealer who hands out the car keys, then calls back later to change the loan terms.
Creative at the least
If the dealership was smart they would cut a sweetheart deal on the car with her right now and walk away. But they’re not.
There’s no reason that it took a month to get loan information on her. I get that stuff done on less than 5 minutes all the time. Sounds like a set up. But they got a live one this time haha
Why didn’t she just keep up her payments? She sounds like a bum.
Car Dealers...vermin
All you name are belong to us!....................
I’d be surprised if she wins. Start with “Kia” being in there - I’m sure she doesn’t have permissions to use that name and I’m sure it’s trademarked. Her registration will be cancelled and the legitimate business will then register it.
There were several businesses locally which didn’t renew their DBA. Some guys went to the county and registered the names for like $10., then demanded money to relinquish the name or require cessation of the name use. All but one caved and paid the money.
Kia has a history of being low brow and catering to the lower end of the financial market. I was a lender for a local credit union (many years ago)and someone came in to get a loan for close to double the MSRP of the car. They were so upside down on their trade that the dealer rolled into the new deal plus every add on etc.
We normally did not value new cars and wrote loans for them if t(e person qualified but there was no way I was putting my name on that loan.
I’m rooting for her!
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.
Very much the same as how “Sierra Mist” suddenly became “Starry”.
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.
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
Screw with the wrong Bitch and your life can become a bitch!
Is she a lawyer? She thinks like one.