Ford Motor Credit Company Consumer Loan Complaint

Vehicle loan Shopping for a loan or lease

Ford Motor Credit Company Consumer Loan department,

Vehicle loan Shopping for a loan or lease Texas

I purchased a - Ford Mustang GT from - and - Ford. In the closing stages of financing, the loan officer offered me a package that included gap insurance and an extended warranty for $1300.00. I accepted but after financing was done and I reviewed my paperwork it showed that I was charged $1300.00 for an extended warranty and another $700.00 for gap insurance. I told the finance manager what happened and he offered me a warranty program for oil changes for 3 years or - miles which ever came first. He drew up the paperwork and we both signed and I still have my copy. The company that handles warranties for Ford does not have this agreement on file. I 've spoken to the finance manager twice and nothing has changed.

Ford Motor Credit Company customer in Texas
Apr 15, 2016

* Source: CFPB Complaint Database

Ford Motor Credit Company response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Ford Motor Credit CompanyComplaint HistoryComplaints2/20134/20137/20134/20145/20146/20148/20149/201410/201411/201412/20141/20152/20153/20155/20156/20158/20159/20154/20165/201601234Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Ford Motor Credit CompanyShopping for a loan or lease88.0%4.0%4.0%4.0%Closed with explanationClosed with monetary reliefClosed with non-monetary reliefIn progressSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageShopping for a loan or lease1.8%86.5%1.3%7.8%0.2%0.7%1.0%0.6%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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