Preston C.
Dishonesty and Bad Business Practices from Kia
So, when I purchased by car from the Kia dealership, the finance manager told me that the $19K I would be financing would be at 6% interest, even though the advertised rate on their site is .9 to 2.9% and I was leaving a down payment of $11K. I balked. Well, they got it down to 4.5% and the finance manager said Kia corporate set the rates and it was out of his hands. I signed the papers even though I still wasn't happy with the %. The finance manager failed to charge my credit card before I left so legally/technically I could have said I already paid the down payment and all I would have had to do was show the signed papers. However, I'm not that kind of person. I did phone Kia Corporate Finance the very next day and spoke to 4 different Finance Supervisors at various times in the morning and they all told me the same story: The dealership sets the tiers and the interest rate on car loans. I phoned the dealership and the Finance Manager told me that whoever I was speaking with was wrong. Well, I went back and forth for a while between Corporate Finance and the Dealership, not getting a straight, verifiable answer from either party. I threatened to return the car. The finance manager again said it was Kia preventing them from lowering the rate. He finally got all of my credit scores from 3 reporting agencies (782) for all of them and was able to talk Kia into lowering the rate to 3.25% (weirdly on his report, it shows my credit score as 702 from TransUnion. I have no idea where he was getting his info). I still don't know who was being untruthful but I'll never buy another Kia product. If this is the way the company treats their customers, I would advise you to avoid them as well.