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Eldorado Auto Sales Inc.

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Eldorado Auto Sales Inc. Reviews (1)

Review: At the time of me purchasing a car from this business, I was told the loan for the car will $8,000.00 and I would make payments of $250.00 per month for two years. The cost of the car was $6,000.00 and $2,000.00 for a 2 year bumper to bumper warranty. I recently called the finance company to set up automatic payments from my pay check until the end of the two years, which was supposed to be in 8/2016, I was informed that my payoff date was in 01/2019 and the loan amount is for $15,000.00. This was a shock to me due to the car being worth $4,000.00. I would have never agreed to repay $15,000.00 for a $4,000.00 car. I am looking for help in resolving this issue as well as shed light on this shady car dealership and finance company. beDesired Settlement: I want the dealership to standby the amount that was quoted on their website and number of months the carnote was to be paid.

Business

Response:

In response to your letter and [redacted] statements. He purchased the vehicle for a total of : 1) 7500.00 selling price. His claim of 6000.00 selling price is too low and incorrect. 2) 1430.00 2 year/24,000 mi. warranty. His claim of warranty price is too high and also wrong. 3) 792.54 tax 4) 362.00 DMV plates and registration fees The total being 10.084.54 [redacted] did put 2000.00 as a down payment, leaving him a balance of 8084.54 with a maximum of 54 months to pay the loan off as stated on his signed contract. If he were to pay 250.00 per month for 2 years as he stated, it would only total 6000.00 and would not include any interest accrued on the loan.When added to his down payment of 2000.00, this would only equal 8000.00 and not the agreed to balance of 10,084.54. We take great pains to explain the terms of every finance contract, with all customers, including monthly payment, term, and balance due to bank. Also the amount of 15.000 that [redacted] refrences, is based on the assumption that he takes the full term of 54 months to pay off the loan in 2019 and not the 2016 he says. As always, we explain to our customers, that they can save money, by pre-paying the loan if possible. We can provide hard copies of everything that [redacted] has signed and would be glad to help in anyway possible, to put this matter to rest. Thank You Vincent D[redacted]

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Description: AUTO DEALERS-USED CARS

Address: 1191 Utica Avenue, Brooklyn, New York, United States, 11203

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