American Honda Finance Corporation Complaint: Taking out the loan or lease

#1612195 17 Oct 2015

Consumer Loan Vehicle loan

Complaint #1612195 submitted on 10/17/2015 relating to American Honda Finance Corporation. Complaint relates to Consumer Loan Vehicle loan - Taking out the loan or lease .

Complaint was submitted via Web and sent to the company on Saturday 17th October 2015.

Narrative (may be redacted).

American Honda Finance via a Honda Dealer forced me into an auto loan contract at an exorbitant interest rate in XX/XX/2011. American Honda Finance along with the Honda Dealer discriminated against me based on my race, religion, color and national origin. The dealer promised me an interest rate of 5.99 % APR on my loan and took my down payment checks. But when I looked at the contract, the interest rate was 16.99 % APR. I refused to sign the contract and I wanted to back off but the finance manager told me that I can not back off as I have already gave the checks for down payment and if I back off now, I will lose the down payment amount and on top of that they will sue me for additional damages for backing off from the deal. I signed this contract under severe duress from this unscrupulous finance manager who threatened, intimidated and coerced me into signing this contract. He also told me, if I do n't sign this contract, he will call the police and have me arrested for theft. The Finance manager also added add-on products without my consent, even after, I declined the add-on products. I have no idea what did I do to deserve this treatment. I can not find appropriate words to describe the pain, humiliation, grief and suffering, American Honda Finance and the Honda Dealer inflicted on me.

Company American Honda Finance Corporation
Complaint ID 1612195
Date Received 10/17/2015
Product Consumer Loan Vehicle loan
Issue Taking out the loan or lease
State/ZIP Code IL 605XX
Consumer Consent Consent provided
Company Public Response
Company Response To Customer Closed with explanation
Submitted Web 10/17/2015
Result Timely Response: Yes, Consumer Disputed: No
 

Have you dealt with American Honda Finance Corporation?

Leave your comments and feedback below.