• Report:  #107570

Complaint Review: Precision Toyota Of Tucson - Tucson Arizona

Reported By:
- Tucson, Arizona,

Precision Toyota Of Tucson
700 West Wetmore Road Tucson, 85705 Arizona, U.S.A.
Tell us has your experience with this business or person been good? What's this?
Just when you thought car dealers could not come up with a new scam, comes this:

According to a story in the September 8, 2004, edition of the Arizona Daily Star, Arizona Attorney General Terry Goddard has filed a consumer fraud lawsuit against Precision Toyota of Tucson.

During the Summer Olympics, Precision Toyota ran ads offering their cars at one-half the manufacturer's suggested retail price. When customers tried to take advantage of the offer, Precision Toyota said the offer was only good on the residual value of a lease.

As I understood the story, if the car would normally have a residual value of $10,000 at the end of the lease under this offer the residual value would be $5,000.

The Attorney General characterized this offer as a bait-and-switch. Customers were lured into the dealership with the offer of a new car at half price and found that they had to lease the car for three years and then purchase it as a used car.


Tucson, Arizona

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