Ford Credit Complaint - Lease Buyout Rip Off
PHILADELPHIA, PENNSYLVANIA -- I recently traded a leased Ford Fusion. Ford Credit made the dealer settle the trade with the original dealer which he did for full payoff. Title was transferred to the new dealer and he put the car up for sale on his lot. Two weeks later, I received a bill from Ford Credit for $3,900 for excess miles! The car was NOT dropped off by me and the dealer I traded in with paid FULL payoff.
Ford credit told me too bad. Because the vehicle was paid off by a dealer and not by me, I was "contractually" liable for the miles.
Needless to say, I have no intention of paying them. There is no legitimate reason why they can claim the loss incurred by the excess miles when they DO NOT have possession of the vehicle!
And they wonder why the American auto industry is in trouble?