- Report: #1371009
Complaint Review: JD Buy Rider - South Holland Illinois
Reported By:
Sunshineynot -
Country Club Hills, Illinois, USA
Submitted:
Updated:
-
Author Not Confirmed
Why?
JD Buy Rider
300 E. 162nd st. South Holland, 60473 Illinois, USA
Web:
www.jdbyrider.om
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
JD Buy Rider Simple. I went here because I assumed it would help with my credit so for one full year I've made on time payments on a car that keeps break down. Some body help this is unfair and they intentionally sold me something that would stop on the road at any moment. South Holland Illinois
On May 2, 2016 I got a car from JD Buy Rider. 1 Year later I haven't missed a payment not even a late date. As of May 2, 2017 I've had the front wheels changes, thermostat replaced, radiator hose, the door on the passenger side stopped working, The battery has went out, and now it needs another $430 bucks worth of repairs. This company is far from helping with my credit if you sell me a car that prevents me from getting to work in order to make money to pay the bill for a car. Hello!! And will then ruin your credit I have left the car with them at the car lot. I can't get to it and I no longer have extra money to dump into a car that is breaking down constantly. They should have just said we don't have a car for you, instead they sold me something that in the long run will destroy my credit further. I use to speak highly of them for like 3 months after I got my car even though it broke down on the road the day after purchase smh. They proved me to be a fool. Do not buy a car from this company. I don't even know what to do at this point to stop my credit from being ruined.
1 Updates & Rebuttals
FloridaNative
Palm Beach Gardens,Florida,
USA
Turning in the car is a "voluntary repossession"
#2Consumer Comment
Thu, June 01, 2017
You can fix your credit through a variety of free resourses on the web without having to go out and buy a vehicle. In fact, purchasing a vehicle is one of the slowest ways to bring up your score. However, turning in the vehicle like you did, rather than paying for it in full is a very fast way to ruin your credit. Now you have a repossession on your credit report. The really bad news is that the lender can come after you for the rest of the money you owe on the loan. Turning in the vehicle does not extinguish the loan at all. You still owe the money. The lender will sell the vehicle at auction for pennnies on the dollar and apply the sale proceeds to your outstanding balance. They will also add all the repossession costs and default penalties to the loan and then come after you for the deficiency balance. If you don't pay, then they can get a judgment against you.
It isn't a good idea to get a vehicle loan for credit repair. You will need to figure out what you can do to pay the balance you owe to the lender so you will be able to purchase a vehicle in the future. Research credit and credit scores on the web. Go to a legitimate website to get your information about what to do to fix your credit.
As to vehicle repairs: it is very likely you purchased your vehicle without a warranty (a/k/a "AS IS"). Repairs have nothing to do with making your payment for the loan. You are responsible for the loan payment to purchase the vehicle even if the car needs repairs. Even if it doesn't run, you have to make the loan payments until the loan is paid off. Those two items, repair expenses and loan payments, are totally different.
Once you buy a vehicle, you are responsible to maintain it at your expense. The only exception is if you have a vehicle warranty and most of those warranties aren't worth anything at all. You would need to read your warranty contract to see what is excluded and what is included. In my opinion the exclusions are numerous making most vehicle warranties worthless, but you have to read it for yourself to know for sure.
