I had gone to DriveTime to co-sign for my brother. He had recently filed bankruptcy and was in need of a vehicle. DriveTime specializes in ripping off people with less than perfect credit. My brother picked out a 2006 Kia Spectra with 57000 miles on it. The car was priced at $12, 900. When I went the local Kia dealership website, I discovered that a brand new 2009 Kia Spectra would be $700 cheaper! My brother decided not to get the car.
Three weeks later they called us back. The car had been reduced! The salesperson showed him a paper that had the exact biweekly payment amount and the APR on it. My brother felt comfortable with payment and moved forward with the process.
When he sat down to sign the paperwork, the numbers had changed all of a sudden! When I asked the Finance Manager about it, he stated that there was a glitch in the system and that after signing all of the paperwork with the incorrect amounts on it, he would receive an updated coupon booklet in the mail that would reflect the terms that he was originally quoted! After the scam artist saw that he could not convince us to sign a legally binding contract that did not reflect what we had agreed to, he got the manager. The manager tried his best to keep the lie going about some type of lie about a computer glitch. I was highly insulted! We talk about predatory lending in housing but government needs to look into this as well. Stay away from Drive Time in any city!