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Verified Reviewer | San Jose, CaliforniaAmerican Honda Finance Corporation - Overcharges
White Plains Honda (WPH), NY 10606 charged our $15000 downpayment unfairly & unlawfully. WPH did NOT "ask" for as required by part 24.
EARLY TERMINATION LIABILITY to "pay us the early termination liability (see below) when we ask for it."). This is the only way we would be informed of such an extreme charge, with no receipt or explanation. Such an unreasonable liability amount to just change the payment method from a Lease basis to an Installment Loan basis before the first payment was made by us. CRAZY.
WPH, IN ADDITION, did not ask to return the Vehicle.
We had no intention of returning the Vehicle. Total financial estimated expense of $40,000.00 plus a new loan of $50,000.00 equals $90,000.00 to buy a $34,850.00 MSRP 2024 HONDA CR-V HYBRID AWD SPORT by two Senior Citizens from HONDA FINANCIAL SERVICES and Alliance Automotive of Westchester, LLC DBA White Plains Honda, 344 CENTRAL AVENUE, WHITE PLAINS NY 10606 (9**) **8 0990.
User's recommendation: Stay away or sign nothing until you see the auto & give no more than the extreme minimum & pay no more on a lease than required - the minimum. Senior Citizens just stay away..You are not a match for WPH MACHINATIONS.
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Verified ReviewerAmerican Honda Finance Corporation - Deceit & insanely loss of $15,000 & added Price of $15,000 plus $10,000.
I have explained twice before, so please review your recent answers to your questions. Unbelievable $15,000 fee to convert to an installment loan basis from a lease basis before the first payment is made.
Either negligent, grossly incompetent, or fraudulent. Customers are to be made aware by Honda ASKING for any liability to end a lease as per contract. If the $15,000 is not returned, then an additional $15,000 plus interest is added to the installment loan.
The attempt to settle the matter is a loan with no down payment and misled that $5,000 would be refunded per the Finance Manager. Sale back to Honda short $5,000 equals a loss of $70,000 plus.
- Change of interest rate and annual persentative rate apr
- Dishonest management
Preferred solution: Full refund
User's recommendation: Be careful or don't go to WHITE PLAINS HONDA.
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Verified ReviewerHonda - Dishonest loss of $15,000 PLUS.
The office of the New York State Attorney General is in the process of mediating the issue at this time.
- No pros
- No pertinent information provided
Preferred solution: Full refund
User's recommendation: Read everything by your lawyer before making any deals.
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Verified Reviewer | White Plains, New YorkAmerican Honda Finance Corporation - Fraud on account or incompetence.
Honda is to ASK for the penalty & receive back the auto. Honda did not ASK even after we asked where our $15,000 down payment was.
Our request answer was mumbled & not honest.
The $15,000 was simply stolen or taken without telling the consumer by Honda asking. The installment loan constructed to $60,000 instead of a $26,000 balance. By adding the $15K loss to a total $75,000 cost for a $26,000 balance plus interest. UNBELIEVABLE!!!
We three are all college graduates & although 78 years old, we are not stupid or insane.
Well even an insane person would not accept such a deal if properly informed of the penalty.
No information was given at all. Must credit back $15,000 plus $300 for maintenance on the lease.
User's recommendation: DON’T sign anything until your lawyer & account review the deal. Or just go somewhere else.
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Verified ReviewerAmerican Honda Finance Corporation - Fraud on account.
UNRESOLVED AND GOVERNMENT COMPLAINT.
UNRESOLVED. COMPLAINTS TO COMPANY AND GOVERNMENT AGENCY.
- Convert 2017 crv from lease to loan no problems
- Negligent to provide lease liability when we as for it
Preferred solution: Full refund
User's recommendation: BE CAREFUL to read & understand before signing anything with HONDA.
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Verified Reviewer | New York, New YorkCraftive - Logo Design Review from New York, New York
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American Honda Finance Corporation is in receipt of the complaint from the consumer. The information provided in the complaint is not sufficient for us to identify the account. Please provide one or more of the following: •Name and address that AHFC would have on file •AHFC Account Number •Vehicle Identification Number