Edmond Hyundai Finance Scam

[1fastgenesis]

After one month tomorrow and more fradulant scams that they could throw at me week after week, the dealer bought back my Genesis today leaving me without my primary car I traded in...and being forced to pay $1100 to cover Edmond Hyundais' claim that there was a trade in deficit I owed.
Edmond Hyundai pulled the spot delivery scam after three weeks, claimed they found new funding with a local credit union at the original low interest rate I was quoted the day I made the purchase but, I needed a person...not to co-borrow or co-sign, or co-title the vehicle...just to serve as a guarantor for the first six months of the loan to make the lender more comfortable that I would not run off with the car.
So...I got my dad to provide some basic info which was to help establish my credibility and we were told everything was fine and the car was funded.

Today... My dad received title, lien, and all paperwork in the mail from Hyundai showing him as sole owner and financially responsible party for a new $40k vehicle that he never agreed to purchase.

I personally went to the dealer four times before any of this occured including one time with my father to ensure that he was not being used as a co-borrower or co-owner....let alone the sole owner of a vehicle.

The story just gets more nauseating from there.

I guess we learned a huge lesson losing down payments, and more money...and our original trade in car by not reading all the car scam articles on the internet. Almost everyone of the 10 scams listed on websites were committed by this dealer. They tried padding invoices, adding extras, trying to get my dad after this occured today to sign the title, take ownership and make us independently go to one of the dealers "Special Lenders" who said that they would finance my wife and I and we would need to purchase the car from my dad who was not the authorized purchaser in the first place!

As the economy stays soft some of these dealers will do anything...legal and illegal!

I miss my Genesis!!!!!

 

[puertorico]

Why you traded it in?

 

[ShoNuff]

After one month tomorrow and more fradulant scams that they could throw at me week after week, the dealer bought back my Genesis today leaving me without my primary car I traded in...and being forced to pay $1100 to cover Edmond Hyundais' claim that there was a trade in deficit I owed.
Edmond Hyundai pulled the spot delivery scam after three weeks, claimed they found new funding with a local credit union at the original low interest rate I was quoted the day I made the purchase but, I needed a person...not to co-borrow or co-sign, or co-title the vehicle...just to serve as a guarantor for the first six months of the loan to make the lender more comfortable that I would not run off with the car.
So...I got my dad to provide some basic info which was to help establish my credibility and we were told everything was fine and the car was funded.

Today... My dad received title, lien, and all paperwork in the mail from Hyundai showing him as sole owner and financially responsible party for a new $40k vehicle that he never agreed to purchase.

I personally went to the dealer four times before any of this occured including one time with my father to ensure that he was not being used as a co-borrower or co-owner....let alone the sole owner of a vehicle.

The story just gets more nauseating from there.

I guess we learned a huge lesson losing down payments, and more money...and our original trade in car by not reading all the car scam articles on the internet. Almost everyone of the 10 scams listed on websites were committed by this dealer. They tried padding invoices, adding extras, trying to get my dad after this occured today to sign the title, take ownership and make us independently go to one of the dealers "Special Lenders" who said that they would finance my wife and I and we would need to purchase the car from my dad who was not the authorized purchaser in the first place!

As the economy stays soft some of these dealers will do anything...legal and illegal!

I miss my Genesis!!!!!

Very sorry to hear about what sounds like a "bait and switch" deal you experienced. What state are you located in? You should contact your state's Attorney General's Office or perhaps your state government's office of consumer affairs and file a complaint under your state's deceptive trade practices act.

 

[Mark_888]

Very sorry to hear about what sounds like a "bait and switch" deal you experienced. What state are you located in? You should contact your state's Attorney General's Office or perhaps your state government's office of consumer affairs and file a complaint under your state's deceptive trade practices act.

Mostly likely all of the stuff he relied on and that turned out to not be true were all verbal statements, and everything was correctly spelled out in all the documents that were signed (which is obvious since the father got the title). According to the Statute of Frauds, all contracts over $500 must be in writing. Always read what you sign, always.

Best bet is to go to the local consumers affair reporter for each TV station (but only do one at a time) and explain the story to them. If one of them likes your story, the dealer will beg for forgiveness and make things right as soon as the TV cameras show up on the property.

 

[ctrcbob]

1. You did not say where Edmond Hyundai is located.

2. A few years ago, I had Longwood LincolnMercury try to cheat me. I was looking at an 02 Continental. We settled on a price so I told the Salesman and Salesmanager that I would cut them a $1000.00 check and would be back on friday with the rest of the money and pick up the car. (it was a tuesday when we did this). Manager insisted I take the car tuesday. Told him I don't want it tuesday, but friday, because I had not yet paid for the car. Manager said, "Thats OK, we will make up a 'Promissory Note' until friday. Sounds ok, so I go to the phone and call my SIP for the money. Get back to the salesmans desk and see he is filling out papers for "Ford Credit". I told him that I hope that is not for me as I'm not signing that. Salesmanager comes over and asks why. I said because it is not a promissory note, but a credit application. He said "well its the same thing". I told him (while pointing to my forhead) "I does not say stupid up here" and that I know the difference between a credit application and a promissory note. He said he would not hold the car for me until friday. "What if someone comes in tonight or tomorrow and wants to buy the car at full price". I then took back my $1000.00 deposit check and told him that I was no longer interested in the car. Went back to the phone and managed to cancel the SIP money. (I felt bad for the salesperson as it was the salesmanager that was a 'jerk'). As I was leaving, they said "when the money comes in friday, come in and you can have the car". I again told them that I was no longer interested in the car. They called me at home that night, and again the next morning and I kept telling them I was no longer interested in the car.

I know what would have happened. I would have gone in on friday, and they would have said, Oh, we are so sorry but the title clerk saw the Ford Credit application and sent it in. Then I would have to pay interest until I could get it straight, plus who knows how long it would take for me to get the title once the state sent it to Ford.

I've purchased two Lincolns since then, at two different dealers, however I have not let my shadow fall on Longwood Lincoln-Mercury property since that time. (One of these other dealers is where I purchased my present 02 Continental and the other is where I purchased the Lincoln I traded on the Genesis)

As you learned, you have to keep your eye on what the dealer is doing.

 

[Mark_888]

1. You did not say where Edmond Hyundai is located.

A quick google search reveals that it is probably Edmond Oklahoma (near Oklahoma City).

 

[moose66]

A quick google search reveals that it is probably Edmond Oklahoma (near Oklahoma City).

You are all over it Mark 888. I checked their website and they have quite an inventory of Genesis sedans. Must be a pretty large dealership. Unless they don't move many cars due to some "interesting" sales practices! I'd like to see how this one turns out!

 

[1fastgenesis]

They did what I heard was called dealer straw scam where they take a pile of documents and create something that will get financed. I just placed complaint with Oklahoma State Attny General and tomorrow will call all the TV stations, especially since with the economy this seems like a very good story.
Thanks for all the comments and sympathy. Looks like we will start shopping in the next weeks for a new genesis from a new dealer... And get financing direct from the credit union rather than through the dealer.

We had a great experience with the other Hyundai dealer in town when we bought our Santa Fe. Though they are further and have a smaller inventory, I guess we will go with them.

 

[zedbyers]

i am sorry i don't get this one at all. this right here is the reason the country is in the mess that we are right now. people out there selling something they shouldn't and people out there buying something they shouldn't. the sellers are greedy and the buyers are willingly ignorant.

BIG ALARM BELLS should have been going off when they said they needed someone else to be a part of this for the first 6 months. who ever heard of such nonsense?

 

[Michael_S]

I'm sorry that happened.

We own a 2007 Honda Odyssey. Our first choice was a 2007 Hyundai Entourage, but the Hyundai dealership played games with the finance application that drove us off.

Why you traded it in?

Because he did not agree to have the loan in his father's name. He traded the car back so his father would not have the loan for the Genesis on his father's own credit.

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[Michael_S]

i am sorry i don't get this one at all. this right here is the reason the country is in the mess that we are right now. people out there selling something they shouldn't and people out there buying something they shouldn't. the sellers are greedy and the buyers are willingly ignorant.

BIG ALARM BELLS should have been going off when they said they needed someone else to be a part of this for the first 6 months. who ever heard of such nonsense?

1fastgenesis didn't state his age. If he's relatively young and he hasn't bought that many cars alone, how would he know he's getting raked over the coals?

The first new car I bought, my father was present with me when I signed the loan at an 8% rate. I didn't find out I had a bad deal for years.

 

[Turanacus]

" They did what I heard was called dealer straw scam where they take a pile of documents and create something that will get financed. I just placed complaint with Oklahoma State Attny General and tomorrow will call all the TV stations, especially since with the economy this seems like a very good story.
Thanks for all the comments and sympathy. Looks like we will start shopping in the next weeks for a new genesis from a new dealer... And get financing direct from the credit union rather than through the dealer.

We had a great experience with the other Hyundai dealer in town when we bought our Santa Fe. Though they are further and have a smaller inventory, I guess we will go with them. "


Dude, I shopped around for months before finally settling on a dealership and deal that I liked. I did the Edmond Hyundai thing twice, with Sabastian Washington, he tacked $3,000 on every deal for "tinted windows, nitrogen filled tires, mudflaps."

I tried to make a deal at Automax OKC South, and Del City, they couldn't get me the numbers I wanted. NOTE: Don't assume all Automax dealerships play on the same team, they actually compete against each other.

Visit Automax Norman, talk to Scott Staley - he is actually a real nice, honest guy. You'll still have to go through the bullshit with the sales mgr but Scott will represent you - I think you'll be happy with the process - I went through it several times before working with these guys. They may not have the exact car you want but they can get it, they had to dealer trade for mine and still got me favorable numbers, which I've always heard is easier if the car is on the lot. Freat not, give it a try. Tell him Chris Turan sent ya. I bought mine 3 weeks ago from him.

 

[zedbyers]

1fastgenesis didn't state his age. If he's relatively young and he hasn't bought that many cars alone, how would he know he's getting raked over the coals?

The first new car I bought, my father was present with me when I signed the loan at an 8% rate. I didn't find out I had a bad deal for years.

you are right there, back in the day we had fathers/uncles/grandfathers that 'taught' you things like this. i guess we don't anymore? sad really....

however, he did state that the title showed up in his father's name. so there was involvement at a significant level here.

i am not here to beat up on 1fastgenesis. i feel bad that he isn't driving one of the best cars out there right now.

i am here to make a statement about the state of affairs in our country. in my opinion it is situations like this, that when multiplied by lots of zeros have a big impact. he bought a car and ate $1000 and got rid of it. probably learned a heck of a lot for that $1000. but you can't do that with a house.....

i bust my ass and do my best to be a good little tax payer. i also look before i leap. i am tired of all the victims out there, that didn't understand what they signed when they bought that house, or that car or that 52" flat screen. because I and my fellow hardworking tax payers are footing this bill now.

when one comes on a forum like this to discuss it after the fact, well it is hard to help at that point. there are quite a few folks on here that would be more than happy to offer advice to first time car buyers or genesis buyers in general. there is a whole thread dedicated to what deals people put together on these cars.

i am just fed up with all the victims out there right now, and since my wife is tired of listening to me yell at the tv, i will vent here in this public forum to let other good citizens of the greatest country in the world know what i think about how we are conducting our business.

and now that we are way OT, i will end.........sorry mods....

 

[Mark_888]

You have to read all the stuff they ask you to sign. Nothing they say verbally about what is in the papers is legally binding.

Every time I have purchased a home or car I always read what I am signing. It really irritates the people at the closing who just want you to sign without reading.

For one house I purchased there was supposed to be a $10K escrow account payable to me after closing by the title company after I proved that I installed at least $10k worth landscaping, sprinkler system, and window coverings on a new house. This allowed me to roll the amount into the mortgage.

When I showed up for closing, the contract was written so that the $10K escrow account went to the builder instead of me. If I signed the all the papers without carefully reading them like everyone else, I would have been out $10K (this was 1988).

 

[Michael_S]

you are right there, back in the day we had fathers/uncles/grandfathers that 'taught' you things like this. i guess we don't anymore? sad really....

My father never even pointed out the problem to me. I don't think he knew. He's very good at math, but I guess he just didn't know what a fair loan APR was.

i bust my ass and do my best to be a good little tax payer. i also look before i leap. i am tired of all the victims out there, that didn't understand what they signed when they bought that house, or that car or that 52" flat screen. because I and my fellow hardworking tax payers are footing this bill now.

While I agree for the most part, I think there are a few things to remember:
1. For every idiot that bought more house than he could afford and is now in foreclosure, there's another idiot who bought more house than he could afford in 2002 or 2003 and sold it for a hefty profit. There are millions of Americans doing just fine right now who made the exact same gamble as the people getting burned today, and were no smarter than the losers.
2. I blame the real estate brokers, the bankers, and the regulators more than the buyers. How often does the average buyer purchase a home, once every ten years? Less? The real estate agents and bankers sell homes every single day. I think that gives them far more experience and practice to use against the buyer.

when one comes on a forum like this to discuss it after the fact, well it is hard to help at that point. there are quite a few folks on here that would be more than happy to offer advice to first time car buyers or genesis buyers in general. there is a whole thread dedicated to what deals people put together on these cars.

i am just fed up with all the victims out there right now, and since my wife is tired of listening to me yell at the tv, i will vent here in this public forum to let other good citizens of the greatest country in the world know what i think about how we are conducting our business.

and now that we are way OT, i will end.........sorry mods....

Good points.

 

[Mark_888]

Caveat Emptor.

 

[Boss Paco]

Visit Automax Norman, talk to Scott Staley - he is actually a real nice, honest guy. You'll still have to go through the bullshit with the sales mgr but Scott will represent you - I think you'll be happy with the process - I went through it several times before working with these guys. They may not have the exact car you want but they can get it, they had to dealer trade for mine and still got me favorable numbers, which I've always heard is easier if the car is on the lot. Freat not, give it a try. Tell him Chris Turan sent ya. I bought mine 3 weeks ago from him.

Haha, I just told Scott about your post. He's very appreciative! Thank you for your business, and don't forget that I'm available, too!