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Looking at new car. Fraud commited by dealer on our credit app. [View All]

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Holly_Hobby Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-26-10 08:42 PM
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Looking at new car. Fraud commited by dealer on our credit app.
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Went in to drive a $15K car. Was steered to drive a $31K car, with half the gas mileage as $15K car. Refused to drive the expensive car.

Loved the cheaper car, steered in to talk to the business agent. He asked about our income, we told him. When it came time to sign the credit app, he had inflated our income by 20%. I reminded him that was fraud, he said he wanted to get us the best interest rate. I reminded him that's how the mortgage business blew up. He just shrugged his shoulders. We left. BTW, the only debt we have is another car payment, our home is paid off. Our credit score is 740. This dealership sells cars made by one of the car companies that was bailed out.

Ally Bank will be getting a call from me tomorrow to let them know that the ***** dealership here is defrauding them. BTW, Ally Bank is formerly GMAC, which I didn't know.
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