Well looks like I was one more screwed by a 16% interest rate from Terry Shaver Pontiac in Highland, Indiana. I am proud to say I was the last, as GM has pull all their vehicle lines from this "former" dealership that is on their last leg, selling used cars now! I do think they will be closing their doors for good very very soon.
GREAT JOB GM! I too was told of a 13% rate on a new car, yes, a bit high, but my credit they said was "Poor", when in fact I had excellent credit with Ford Credit. They placed me with a secondary lender, then come to find out A WEEK LATER from a call by the finance company, the rate was 16%!! WELL!, To late to return the car in that 7 day time frame was'nt it! Then to top it off it went from 60 months to 72 months! And guess what?They made sure I did'nt get a copy of the contract for about a week, using every excuse possible! So to the employee the made a rebuttal.. Are you even still employed by the dealership you tried to hold up for??
This was all done by the sales manager [Kurt Burrow]. Now i'm screwed for 6 years and have a secondary lender on my credit report. But as I said "THANK YOU GM" for taking a stand and removing your complete line.