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  • Click to view davwins's profile
    Posted May 11, 2009 by
    Location
    Albuquerque, New Mexico
    Assignment
    Assignment
    This iReport is part of an assignment:
    Bye, bye, Pontiac

    More from davwins

    Legal Theft

     

    I bought a new car the other day, not because I wanted to have one but because I had to (my other one was almost useless).  I went to dealership who had a sale on vehicles saw one a liked told them amount of money I could afford monthly and before it was all said and done, I had a brand new car.  I shook the hand of the seller, the deal was made I signed the paperwork, and took my new car home.  Two days later I found out Pontiac was shutting its doors and  had just bought one.  Well I get a call from the dealership telling me that  I needed to come back in and resign paperwork as there were conditons to my loan.   In addition to my trade in they wanted money down and interest rate went from 11% to 17% and my monthly payment skyrocketed too.  I couldn't give the car back so I was stuck with the car and the high interest rate.  Now I see in the paper that GMAC wants billions of dollars in stimulus using my tax dollars while at the same time stealing more money from me in the high interest rate of money they get for free.  I say to hell with all of them.  Its time they paid the piper for the all the mismanagement, high interest rates, and overpriced vehicles.  Let the company rot as payment for screwing the American public and all their deceitful ways of business.   Had I known better I would have steered clear of General Motors and went to (Lord help me) Ford.

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