A story with a warning

[dedalos]

to be honest, having everything as computerized as it is is kinda scary to me. too much info too easily accessible.

I know right?  Not easy to lie about things now and claim the bank tried to screw you by taking a loss 

sometime near the end of this year, i'll be going for either a 2010 or a 2011 mustang......i'm doing everyting in my power though, to manage to have the money to just pay for it.....partly for the very reason of not wanting to have a loan.....not wanting them to be sending all of my info on the intardnets, and also because i think that having cash(or check) on hand will give me a LOT more bargaining power. wish i could afford a boss302, but i know that's not gonna happen........

Bad news.  It will be    Well, it already is anyway lol

[BlueJ1]

Dedalos,

Dosnt really matter to me if you dont believe me. Im not asking any of you for money. I wouldnt either without proof. My command didnt at first until I showed them all the paperwork. To answer a few of your questions.

My loan amount originally was in total about $23,000 before these events. I currently make about $2,200 a month, or $1,100. Thats $26,400 a year without taxes and other wonderful things taken out. My payments per month were about $570 dollars a month. Its a lot of money yes, but I could afford it.

The 90 days you spoke of. If you would re-read my first post you would notice I said that I was 3 months late. Theres the 90 days.

I am seeking assistance from a lawyer. My case is being handled through Navy Legal for now. The Navy is waiting for more sailors and gov. employees to come forward with the same issue and then it will be referred to a civilian lawyer in a class action lawsuit.


I do take some offense to you saying Im just trying to blame someone else for my mistakes. Sir, yes I am 23 years old. I am young. But I know how to be responsible for my own actions. But, like I said I wouldnt believe myself either. My only question to you. Why would I go about putting myself in this situation? Ive owned vehicles before. Been in the military 5 years now and I love it. I dont see any reasonable thought process where I would want to end all of that and basically screw myself for the rest of my life.

[BlueJ1]

Oh yea, toyota is making money off of this. Original loan being about $23,000 dollars with interest included. I now owe them a total of alittle more then $26,000 that I have to pay no matter the outcome of my situation. Instead of receiving 23 grand over multiple years. They are going to get 26 in a lump sum.

[Dichotomy]

'We would like to hear from you. We built Toyota.com to serve you and we value your input. So, please, tell us what you think. '

*coughbscough*

Doin a little research in my spare time Blue. 

[BlueJ1]

'We would like to hear from you. We built Toyota.com to serve you and we value your input. So, please, tell us what you think. '

*coughbscough*

Doin a little research in my spare time Blue. 

Theres a link on their website to one of their ceo's email. I doubt he reads them. But I sent a email to it. I kept my cool and explained my situation and how disapointed I was. That was three days ago and no reply.

[BERN1]

Understood.  However, it is not the loan officer at the dealer making the loan.  It is a bank.  He just submits the paper work to the one that pays the better commissions.  In this case however, it is not one of those banks looking to give out loans at any cost.  It is Toyota credit.  Those companies use match higher requirements before giving out a loan.  Give it a try and you will see how harder it is.  In addition, companies like that are not out to screw anyone.  They are out to make money.  How does what he claims happened make money for Toyota?  How does it for any bank?  I know it is easy to say the big bad bank is out to get him but how on earth would a bank make money out of a repo?

So, no, they are not out to cause any of this.

However, lets say that they are, everything I said still applies.  He got a loan equal to what he makes per year for a car (BS if you ask me.  No way Toyota gave him that).  Then he has no clue that the car is not getting paid (we are not talking about 20$ here that he could miss right?) He does not get any mail or calls (total BS) his moms account gets locked and he knows 7 guys that this happened too, and then he blames the bank for being out to get him?  And BTW, he does not have a secure job.  The military is a hazardous job .

Lets just think through it for a bit.  If all of the above is true, what do you expect the bank to do?  As far as they know they have a guy that has not made any payments and has not contact them in 3 months.  All they can hope for, is to cut their losses. 

The main reason I don;t buy his story is the presentation.  The bank took a loss on this so NO, they were not trying to get him.  He just needs to admit that he made some mistakes.

so he made this all up and told us about it why???

[CAP1]

Oh yea, toyota is making money off of this. Original loan being about $23,000 dollars with interest included. I now owe them a total of alittle more then $26,000 that I have to pay no matter the outcome of my situation. Instead of receiving 23 grand over multiple years. They are going to get 26 in a lump sum.

listen to dicho..........he's a good person to listen to. good guy too. 

[Rolex]

Let me see if I understand this.

Are you saying that:

1. You had an automatic debit for the car loan at your credit union and the money was withdrawn by Toyota Financial three times, on time, for the payments?

2. Toyota Financial did not credit that money to your loan properly?

3. They acknowledged that they withdrew the money for the payments on time, but called in the loan and repossessed the car?

Is that correct?

[Dichotomy]

Thats the way I read it Rolex. 

[Mar]

Wish there was something I could say here. I can at least tell you that I know for a fact that greed kills. And whether Toyota knows it or not, it's already eating them alive.

  BlueJ1

I hope this gets fixed.

[BlueJ1]

All yes Rolex. They received my deposits. But because they were not using the online system anymore it was not accredited to my account. My first question to them after I had found out what happened was if that money could be used toward the late balance and my account would balanced. I was informed no, my loan could no longer be honored because of the repocession. I will be receiving those funds back next week after the turnout on my situation is final.

[Rolex]

Would you like some advice?

[Angus]

BlueJ: Did they then refund what you payed them?
Looking at this from outside, I see this:
1: You have a payment deal.
2: You honor the deal and pay monthly.
3: They receive the money.
4: They change some internal rules on their own, and still take your money.

So in short, you honor the agreement, by completely fulfilling it's term by payment. There is no outstanding debt, since you have paid to the point.
I do not know your court system, but where I live, they would loose at court. It should be in your case too, since you did fulfill the obligations of the contract that you SIGNED. You have the receipts, so hire a confiscator, give him the paperwork, and send him for the car
Better still, go public, talk to the press, and use the sailor mouth subtly. Because if this is their working method in a case that simple, you are not the only one, and the simplicity of the whole thing makes a nice fat slice for the media.
Best of luck, and kick'em hard 

[BlueJ1]

Rolex. I'm always open for advice sir.                                                                                                                            Angus, Navy legal has all of my information you stated above. I do have a case. But because I'm not alone I'm waiting for them to get everyone else's ducks in a row before its taken further. As far as going to the media goes I would love to. That's the only justice I would really like is to warm others on a larger scale. But currently I've been advised by navy lawyers to not take this to the media as of yet. Was informed today that Navy Legal has been in contact with Toyota, and they are working on ironing this situation out.  They say Toyota is going to try and save face with the public and settle this outside of court. Being as I'm in the military I have to listen to what I told. I should have final idea on what is going to happen today.

[dedalos]

Theres a link on their website to one of their ceo's email. I doubt he reads them. But I sent a email to it. I kept my cool and explained my situation and how disapointed I was. That was three days ago and no reply.

The only thing that works is to send registered letters to as many executives as you can find.  Force them to sign for the letter.  That would get them to read them.  Right now some secretary is probably throwing them away.

That been said, I still don;t buy your story.  For 3 months you did not notice that you had an extra 570$ in your account?  What you fail to understand is that you were responsible for those payments you did not make.  Toyota did not design anything to make you not pay.  There is no way they gave you that loan with no co-signer but I ll go along with your story for a bit and say that they did.  You sir, did not pay, right?  The rest of your story has so many holes in it you can only fool the people that want to believe the sad story of the big bad bank vs the honorable sailor (hello Cap).  I dealt with banks in the past for similar reasons.  Forgot to make payment, wife forgot to mail it, etc.  One thing that does NOT happen is the bank talking to someone not on the loan, about the loan.  They would not talk to me about my wife's car cause my name was not on it.  But you had your command talk to them and try to figure it out? 

Good luck to you.  There will always will be people looking for a sad story to listen too.  Next time make the payments and the big bad wolf will not bother you.  Funny is that you have security clearance and we trust you with some good stuff but you cant figure out that your salary basically doubled for 3 months