Should vehicle dealerships be required by law to plainly disclose all finance information in their showrooms?

Answers:2   |   LastUpdateAt:2012-11-05 04:02:02  

Question
rehani
Asked at 2012-09-03 09:53:02
My husband and I just bought a motorcycle to a dealer . We had the money to pay cash , but I wanted to thicken our thin credit files by taking out a loan and make double payments to get off quickly. The dealer downright lied to us about what kind of loans they offer and CIn tried to take a revolving line of credit with an interest rate of 12 % variable from the manufacturer to tell us that we had been denied a loan fixed rate of 5 , 5 % through a credit union . I pressed the dealer to contact another credit union doing business with and because my husband and I have an account there , the loan was approved on the same terms . I called the credit union and another spoke to the officer who " deny" the loan , said just ask the dealer for proof of income and assets from us to approve the loan was never denied. I'm not anti -business , I feel that there should be advance disclosure. How many people have successfully scammed ?
Answer1cortezAnswered at 2012-10-26 06:35:55
Report to the Better Business Bureau . When I bought my first car , I was " forced " to pay $ 2,000 for an extended warranty . They told me I could not take the car unless I did. It was years later that I realized it was a scam . Car dealers are shaded . MedlinePlus MedlinePlus *** You should always get their own financing on big purchases like this , unless you are giving a very good price .
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