Detailed Review of Honda Cars of Bradenton by hondabrdntnSUX
This is a detailed review of Honda Cars of Bradenton in Bradenton FL written by hondabrdntnSUX. To read all reviews of Honda Cars of Bradenton please visit their main page.
[SIZE=2]I was at the dealer last Sunday with a preapproval letter from my lender for 120% up to 12000. The dealer is listed as a preferred vendor with my lender so I am supposed to be able to bring in the pre-approval letter and walk out with the car.
I test drove a 2006 Sonata and loved it....(this is after they lost my driver's license while making a copy of it...big no no)
Negotiated the price to be within the limits of the loan. Left the dealer on Sunday night at closing with the car and a loaner agreement to take it home for the night and return the next day to sign paperwork.
I returned the next day at 7pm to sign the paperwork and leave with the vehicle....Both of which happened. While signing, I was asked by Steve Morris (finance guy) to fill out a credit application because my lender might need it. I thought it was strange, protested alittle, but filled out a portion of the form (no SSN #).
Needless to say..I was contacted by Honda Cars of Bradenton yesterday to explain that my loan was not approved by my lender and that I needed to come up with an additional 1200 or go with another lender of theirs to get approval.
HOW IS THIS POSSIBLE?
I am looking for help from you...I think this might be just another scam by dealers to offset their expenses....get them to leave in the vehicle and then after a week or so, explain that they need to go with this OTHER lender to get approval. All while the dealer has a special arrangement with the lender to get them deals for a "referral fee".
Matt Woods (general manager) basically said he knew they screwed up but didn't think they needed to do anything to correct the issue. Basically said that the vehicle was his and he wanted it back if I wasn't going to pay more or go with his new lender.
[FONT=Arial Black]To me this smells like the classic bait and switch and I wanted to make sure others didn't get taken advantage by it.[/FONT]
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