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More Reviews on Germain Toyota
Germain Toyota Complaint - Deceptive Financing
COLUMBUS, OHIO -- The dealer did not present me with all the financing options, particularly financing through Toyota. I could have received a better financing terms and rate through Toyota.
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Posted by Sparticus on 2007-04-04:
Financing is often where they can make their money back for giving you a good deal on the sticker price... If you get an extra point on your loan, that would quickly erase the $1000 they just dropped off the price.
Posted by nancyinflorida on 2007-04-21:
I'm sorry that you feel you didn't get a good deal. I understand what you are going through, since I've been cheated by car dealers in the past.
However, in your case, you weren't very specific about how they were deceptive. Do you know for a fact that you could have qualified for a better rate? With all the information available online, it's really "caveat emptor" (buyer beware) when it comes to shopping for anything these days, especially when there's financing involved.
I went to Germain and the salesman was very nice, but I didn't like the rate from Toyota. I shopped around and got a much better rate through a credit union. The best way to finance is to get the loan before you go shopping or to check out Capital One or other sites for their best rates. I agree that the whole car buying experience stinks, but if your contract shows the price you paid, the rate and the term (how long) and the total interest with sales tax, etc., they weren't deceptive, just trying to make a bigger profit which is what almost every car dealer would do if you didn't do your homework which is unfortunate for consumers.
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