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AMERICREDIT FINANCIAL SERV / AUTO LOAN DETAILS

1 Aurora, CO, United States Review updated:

MY FIANCE WENT AND JUST PURCHASED A USED 2006 CHEVY TRAILBLAZER FROM SUSS AUTO, AND OF COURSE THE LOAN GETS APPROVED THROUGH AMERICREDIT FINANCIAL. THEY GLADLY TAKE OUR $3, 000.00 CASH DOWN PAYMENT, ALL PAPERWORK IS SIGNED, WE LEAVE WITH THE CAR, WE GET THE EMISSIONS TESTING DONE, ECT. WE HAVE HAD THE CAR IN OUR POSSESION FOR 9 DAYS NOW. BUT THEY HAD US APPROVED AND READY TO GO PRIOR TO US HAVING THE DOWN PYMT, SO WE DID NOT HAVE POSSESION OF CAR DURING THAT TIME. (ABOUT A WEEK)
MY FIANCE GETS A CALL FROM THE BANK ASKING A BUNCH OF QUESTIONS ABOUT THE TRUCK JUST YESTERDAY. WHEN HE ASKED ABOUT THE QUESTIONS HE WAS TOLD THAT IT WAS JUST TO VERIFY THAT THE BANK SOLD US WHAT THEY SAID THEY SOLD US.
THEY THEN ASKED ABOUT THE PRIMARY DRIVER OF THE AUTO. DUE TO HAVING 2 KIDS, OBVIOUSLY HE TOLD THEM MYSELF SO HE DROVE THE OLDER VEHICLE I DROVE THE NEWER MORE RELIABLE ONE.
WE SUDDENLY GET A CALL TODAY FROM THE DEALERSHIP SAYING THAT BECAUSE HE SAID I WAS THE PRIMARY DRIVER THEY WERE REVOKING THE LOAN BECAUSE IT WAS APPROVED ON THE ASSUMPTION THAT HE WAS THE PRIMARY DRIVER ?!?!?!
SOMETHING IS SCREAMING TO ME THAT THIS ISN'T RIGHT. I SHOULD BE ABLE TO BUY A CAR IN MY NAME, AND LET MY LICENSED DAUGHTER, OR MOTHER, OR SISTER, OR BROTHER DRIVE IT IF I WANT WITHOUT A BANK REVOKING A LOAN. WE MAKE A CALL TO THEM AND GET TOLD THAT THEY ARE ALLOWED TO REVOKE THE LOAN LEGALLY FOR ANY REASON THEY WANT TO, AND THAT IT'S BETWEEN OURSELVES AND THE DEALERSHIP NOW ON IF THEY CAN FIND US OTHER FINANCING, OR IF WE JUST HAVE TO RETURN THE CAR TO THEM.

SO I'M TRYING TO HUNT DOWN INFORMATION ON THE LEGALITIES OF THIS AND CAN'T FIND IT ANYWHERE. SO IF ANYONE CAN OFFER UP SOME ADVISE, IT WOULD BE MUCH APPRECIATED.

Pe
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Comments

  • Ag
      23rd of Feb, 2011
    0 Votes

    i had the same thing happen to me and i work for the dealer where it was financed through. i contacted my attorney and we are sueing americredit for breach of contract. you should contact an attorney!

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