Drivetime's reply to:
DriveTime - Paying triple without intreset added
I've been looking for an additional car and I don't have the best credit.I saw an add for DriveTime in Nashville, TN and decided to check it out, Figured it wouldn't hurt.
Thinking "Great, I can put that down" the sales man tried to get me outside looking at cars, completely avoiding the "Money" aspect of the deal. I stoped him and started asking money questions. What kind of interest rates, monthly payments, and terms, am i looking at for the cars. He said all that verys.
He kept trying to get me outside in the cars with out even telling me the prices or anything i wanted to know. When he finally back down I asked what the price of the 2003 Dodge Neon (base model)with 90,000 miles was he said that it would be $13,000! The KBB retail is only $5000 on that car. When i asked why he said that it comes with alot of extras a warranty, oil changes, roadside assist, ect.
I asked if they could take all that off he said no they dont do the pricing. Then kept asking if I was ready to look at cars, again completely disregarding my concerns. I dont know about other people but when i'm looking for a big purchase i know my *** and know where I stand with how much i can spend. They dont want you to know anything until after your in the car leaving the lot.
The salesman ended up only answering one of my questions about money "How much is the car" after he hesitated and looked around for a while, and blamed his computer for being slow to pull up the info. They also wouldnt tell me what interest rate i might be looking at. These guys are worse than legit car salesmen. Oh here's a couple of otehr items that might be of interest.
Their added benifits (on their website) say that they include a "anti-theft device for $600. Every car they sell comew with that from the factory.
And the 24/7 roadside assist, your probably already paying for this with your insurance.I'll go to a hole in the wall Buy Here Pay Here before I pay almost triple what a car is worth without adding interest, at least at the hole in the wall dealership the price of the car is close to KBB.
Monetary Loss: $100.