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Auto Lease RipOff
I leased a vehicle (2000 Mercedes SLK 230) from Fleetway Leasing in 12/2007. A few months later, I began experiencing severe back and leg pain and was diagnosed with sciatic nerve damage due to a herniated disc. I was no longer able to comfortably drive the vehicle. I contacted Fleetway, explained the situation and asked if I could swap the vehicle for another car that was driveable with my condition, ideally an SUV. Of course, Fleetway did not care. They said the vehicle was worth only $5, 300 and I would have to pay them $6, 000 to get out of the lease. I would then have to pay them another $4, 000 (approx.) to get into another lease for an SUV. Edmunds.com valued the car at $11, 200 dealer retail and $9, 800 third-party retail. Again, Fleetway did not care. The rep at Fleetway told me that I could try to sell the car myself. I then asked for a payoff amount. Fleetway said it was $12, 300 and that the interest rate they charged under my lease was 16%. (The interest is not in the lease - not required by law!). I contacted an expert on auto leasing who did the calculations based on my lease terms and found that I was in fact charged an interest rate of 25%! and the payoff amount should be $10, 100. I found a website that shows you how lease payments are calculated and using their formulas, I got the same amount - about $10, 000. The bottom line: Fleetway is attempting to extort an extra $2, 000 out of me to buyout the lease. Fleetway charged an outrageous interest rate and lied about it when confronted! NEVER DO BUSINESS WITH FLEETWAY LEASING!
The complaint has been investigated and resolved to the customer’s satisfaction.
Is Fleetway Leasing Company legit?
Fleetway Leasing Company earns 100% level of Trustworthiness
Perfect Trust Endorsement: Fleetway Leasing Company achives 100% ligitmacy per Complaints Board. Highly recommended, yet always stay vigilant.
We found clear and detailed contact information for Fleetway Leasing Company. The company provides a physical address, phone number, and 2 emails, as well as social media account. This demonstrates a commitment to customer service and transparency, which is a positive sign for building trust with customers.
Fleetway Leasing Company resolved 100% of 1 negative reviews, its exceptional achievement and a clear indication of the company's unwavering commitment to customer satisfaction. It would suggest that the company has invested heavily in customer service resources, training, and infrastructure, as well as developed an effective complaint resolution process that prioritizes customer concerns.
A long registered date for fleetwayleasing.com can be seen as a positive aspect for Fleetway Leasing Company as it indicates a commitment to maintaining the website and its domain name for a long period of time. It also suggests that the company is organized and has taken steps to secure its online presence.
The age of Fleetway Leasing Company's domain suggests that they have had sufficient time to establish a reputation as a reliable source of information and services. This can provide reassurance to potential customers seeking quality products or services.
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Fleetwayleasing.com has been deemed safe to visit, as it is protected by a cloud-based cybersecurity solution that uses the Domain Name System (DNS) to help protect networks from online threats.
We looked up Fleetway Leasing Company and found that the website is receiving a high amount of traffic. This could be a sign of a popular and trustworthy website, but it is still important to exercise caution and verify the legitimacy of the site before sharing any personal or financial information
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Fleetwayleasing.com regularly updates its policies to reflect changes in laws, regulations. These policies are easy to find and understand, and they are written in plain language that is accessible to all customers. This helps customers understand what they are agreeing to and what to expect from Fleetway Leasing Company.
However ComplaintsBoard has detected that:
- We conducted a search on social media and found several negative reviews related to Fleetway Leasing Company. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.
Overview of Fleetway Leasing Company complaint handling
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Fleetway Leasing Company contacts
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Fleetway Leasing Company phone numbers+1 (610) 664-6800+1 (610) 664-6800Click up if you have successfully reached Fleetway Leasing Company by calling +1 (610) 664-6800 phone number 0 0 users reported that they have successfully reached Fleetway Leasing Company by calling +1 (610) 664-6800 phone number Click up if you have UNsuccessfully reached Fleetway Leasing Company by calling +1 (610) 664-6800 phone number 0 0 users reported that they have UNsuccessfully reached Fleetway Leasing Company by calling +1 (610) 664-6800 phone number
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Fleetway Leasing Company emailseric.stamps@fleetwayleasing.com100%Confidence score: 100%Support
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Fleetway Leasing Company address336 West St. Rd, Feasterville Trevose, Pennsylvania, 19053, United States
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I bought a good looking Audi 1999 with them, because it came with a new engine and a new (rebuilt) transmission, both with guarantee.
After 2 months, the transmission broke down and informing them of this mishap, they told me to address myself to the company, that issued the guarantee. This company had meantime filed for bankrupcy.
You might thing, that Fleetway wouldt step in now... But, no !
I had to pay $4250 for a new, rebuilt transmission and the Audi 1999 is costing me now $12000..
Before ordering the rebuilt transmission, I went to some other nearby dealership, trying to trade in my car and they offered me $1000:", as a good neighbor" they told me..
So if you buy a pre owned car, better look good at the guarantees-in general- and especikally with Fleetway Leasing!
Edward van Hulst, Phoenixville.
Warning! Crooks! Liars! Scam Artist! Do Not Buy at Fleetway! Warning!
Unfortunately the above complaints are more than likely true! It's places like this that give small dealerships a BAD name. They woo you than they SCREW you! I was screwed by these people just like the guy true blood above. I had a merceedes lease and was screwed just like that. Took the car while I was asleep and sold it right out from under me! Doesn't sound legal? Well, it is if you don't read their screw the customer leases they give out. Read everything carefully. Do not go by your "relationship" with these people! That is their m-o. ..make you feel like part of the fleetway family and then BAM they get you with the total stab you in the back action! Check the Better Business Bureau! These guys have had bad reviews dating waaaay back!
Fleetway Leasing screwed me three times! They are a bunch of scumb bag liars just looking to scam you in the end for your money! They reossed my car one month before the lease was up. While I only owed them one payment, they were covered and able to do this because after looking at the lease agreement, it said they could repossess without reason and sell your car! That is exactly what they did! Amazing! They knew the car lease was coming to an end and agreed to sell to me for about three grand at the end, but figured they could get more selling it in an auction and therefore...SCREW ME OVER...and land a [censor]ING repossession on my credit! This happened twice! I was a FOOL! Do NOT trust these people!