GMAC Financing Complaint - GMAC Financing - Don't Do It!!
NORTH TONAWANDA, NEW YORK -- I bought a 2005 Chevy Equinox (JUNK) in December of 2004. Even though it was for 5 years, it has been 4 years and all payments have been made and GMAC sent me a bill for the balloon payment. When I called to refinance the balloon, the customer service representative said "we don't do that", call a dealer, so I did. He said that he couldn't get me a better deal so call GMAC. So I did, 10 times! The first 9, they said that they don't do that. Finally I got someone with a clue. She sent out the paperwork and said my ex-husband (since 2006) had to sign. I explained that he wouldn't (I did ask) and they said "Sorry, if he doesn't sign there's nothing else we can do". SO basically they had my truck repo'd and when I called GMAC they said to call the redemption center and they will work something out with you. I did....guess what....pay everything owed or lose it!!!
Isn't it nice that we are paying for these idiots the screw US over????? Never again will I buy GM or finance with GMAC.