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| - Scam alert. BUYER BEWARE.
This dealership attempted to pull a yo-yo financing scam on us on 1/3/15. It's very simple, let me explain how it works:
1. They give you an amazing low interest rate (2.99%). You agree and sign the papers. What they don't tell you is ... the deal's not done yet. The loan hasn't been finalized.
2. Honda West calls you after you drive off with your car (days, if not weeks later) that the financing 'fell through' and the new interest rate is higher.
3. You get screwed. Either you agree to pay more or you return the car.
That's the scam, and Honda West does this with approval from the management. The people I worked with: Jimmy in Finance and Shubao in Sales.
Other dirty tricks Honda West tried to pull on us:
Lie #1: Told us the lease buyout price wasn't negotiable. That's a lie. Source: https://help.edmunds.com/entries/26536513-Car-Leasing-Basics
Lie #2: Told us the buyout price was $13500 and then offered us a payment plan of $310 for 60 months. Dude, $310 times 60 equals $18600. That's a $5100 increase and another lie. He told us the $5100 were 'taxes and fees'. Tax is 9%. Where the hell did the other $4000 come from?
Lie #3: When I caught that the loan wasn't approved yet and that he was going to pull the yo-yo scam on my little brother the Finance guy told us: "Oh. All loans aren't approved prior to purchase." What the hell are you talking about? All loans are finalized prior to purchase of ANYTHING whether it's a car, a house, a condo, a boat, a student loan for tuition. All loan terms are finalized before a transaction or else why the hell are we signing papers?
Spreading the word on every social media outlet from Yelp to Dealer Rater about Honda West's dishonest practices. The few hundred dollars they tried to squeeze from my family is going to cost them far more than that. If you're smart, you'll stay away from Honda West. If you're dumb, you'll buy a car from Honda West and end up paying as much for a Honda as a BMW.
All we wanted was a quick, simple, and honest transaction but the people at Honda West have no integrity and no honor. You should have played fair, Honda West.
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