Let me start by saying that I worked for ugly duckling aka drivetime as a general manager of a recon center in Florida.So I know first hand of the double dealing they do.At the time they had a sales course called duck u.The purpose of this course was to teach sales people how to belittle customers with "less than perfect credit" and get them to take the lesser of the cars the are looking at,then charge top dollar for it.
Lets say they(drivetime) buy a car for 1000.00 at an auction.The first mark up is for the hauling from the auction to the recon center.700.00 regardless of the true cost,then the reconditiong of the car.900.00 regardless fo true cost,then they tack on another 600.00 for title search and paper work.now that 1000.00 car is 3200.00then they tack on another 2000.00 for profit markup. Now the car is up to 5200.00 before it ever leaves the recon center for the lot.Now lets talk about finance charges of 29% interest and other charges, after a 5 year loan you can expect to pay more than $10,000.00 for a car they purchased for $1,000.00.
Now my story.the buyer bought my van for 2000.00 after markups and finance charges and a couple of late fees I paid almost 15,000.00 for a 2000.00 van.Oh well right?
well I paid the van off,on my credit report it says paid in full,in good standing.The van died the other day,so I decided it was time to send her to the great highway in the sky.(junkyard)I could not find the title,so I went to get a new one and I was told ugly duckling has a lien against the van for unpaid fees.I contacted drivetime to resolve the problem.I owe a 29.00 late fee.cool right?
NO!They charged late fees on the late fees and now they say I owe almost 400.00 more for a van they made 10,000.00 profit off of me that needs to go to the junkyard.In Florida you can not take a car to the junkyard without a title.They said they will not give me a break and if I want the title I need to pay the late fees on the late fees.Hmmmmmm..... Bad people for sure!!!Please be carefull with whom you do buisness with and check out all the complaints people have against them in all the states that they do buisness in.Good luck !
Review about: Drivetime Loan.