Comments on: Chase Auto Finance Sucks!

By: Sandiahead

Sandiahead — Tue, 23 Dec 2008 04:53:35 +0000

I am a Chase Auto Finance customer and I got to this page by googling “Chase Auto Finance sucks”. I can tell you first hand that even aside from their nonsense in regards to contract law they’re a bunch of morons. Some of the most inept telephone customer service representatives I’ve talked to are from Chase. They’ve also taken it upon themselves more than once to authorize and automatic loan payment without my consent. I’m looking forward to five years from now as I won’t have to deal with their crap anymore. Good luck!

By: Jack McClure

Jack McClure — Fri, 05 Dec 2008 15:17:53 +0000

Great story, and frustrating.
My suggestion: write certified letter to Chase Legal Dept. Worked for me (eventually) some years back. VP of Consumer Satisfaction, or words like that, called me, made offer which I negotiated down.
Suggestion #2: It would be great if you would Blog about how to buy out a lease NOW, that the banks are all in trouble. They’re selling REO at very low prices. Why not lease buyouts?
I’d like to buy a car now leased by older couple from US Bank. They have 16 months to go on 48-month lease. Payments are too high, because they didn’t negotiate a very good deal. They just want out of the lease, with no cash; they listed at LeaseTrader.com.
If they just stopped payments and turned the car in to USB, they’d take a credit rating hit, a little like letting their mortgagor take over their home.
I want to buy the car, and am willing to pay Kelley BlueBook Private Party value — thousands more than TradeIn value shown. Seems like everyone should come out OK.
But, I don’t know how to negotiate with US Bank.
Maybe you can blog and lend your expertise. Maybe you can even set up a service, charge a fee (as LeaseTrader does), or advise LeaseTrader in offering a service for early buyout. I for one would be willing to pay $100 or $200 to LeaseTrader if they offered this now. There have to be others who would want such a service, since taking over existing lease is not attractive at old rates, which fail to recognize much lower car values now.
Could be a business opportunity for you, in your practice. And, you have the fire in your belly already…
–Jack McClure

By: Retired IB'er

Retired IB'er — Thu, 27 Nov 2008 00:37:08 +0000

“Are these crooks on the government bailout giveaway list?”

Ah, yes JP Morgan Chase (though the easier question seems to be who is not getting government money).

By: CEA

CEA — Wed, 26 Nov 2008 20:46:10 +0000

What a charmer Mr. Rosenstiel sounds like! He tried to sub-divide Conyers Farm into 0.25 acre lots for “moderate income housing”, was refused, and took it to court – where he got slapped down. Then Peter Brant bought it and made it into 10-acre lots.

Can you imagine quarter-acre lots there?

“In 1936, Mr. Converse sold the property for $800,000 to the founder of Schenley Distillers, Lewis Rosenstiel, who shocked Greenwich in the early 70′s by attempting to downzone the property from four acres to quarter-acre lots. When he sued the town for rejecting his scheme to build hundreds of moderate-cost housing units, state courts struck down his plan as an overwhelming burden on municipal resources.

Peter Brant, a polo enthusiast and owner of Bato Company and Riviere du Loup Newsprint Ltd. in Greenwich, bought the property for $18 million in 1980.

For the past 20 years, he has lived at White Birch Farm, a 200-acre spread facing Conyers Farm on North Street, with a polo field and training track. Last spring he was convicted in Federal Court in Bridgeport of charging $1.5 million worth of personal items to business accounts and was sentenced to three months in the Federal Correctional Institute in Danbury, starting Sept. 17.

He was also fined $200,000 and required to perform 500 hours of community service. Mr. Brant has an unlisted phone number and Joan Caldwell, his property manager, said he could not be located for an interview. “

By: CEA

CEA — Wed, 26 Nov 2008 20:38:32 +0000

http://www.ct.gov/ag/cwp/browse.asp?a=2224