Auto Trakk, LLC Consumer Loan Complaint

Vehicle lease Taking out the loan or lease

Auto Trakk, LLC Consumer Loan department,

Vehicle lease Taking out the loan or lease Pennsylvania

I recently " purchased '' a car with a $12000.00 sticker price. Under the guise that this was a financed loan. After all the paperwork was finalized, the final cost of the vehicle became $35000.00 and this was a lease, not financing. So after 5 years of paying for the vehicle, I then would have to return the vehicle and also pay any depreciation cost. Also, if I return before the lease term is up, I 'm still liable for the cost of the vehicle. Or if I return the vehicle and stop paying for it, this would severely damage my credit. The name of the company who does the " financing '' is Autotrakk.

Auto Trakk, LLC customer in Pennsylvania
May 14, 2016

* Source: CFPB Complaint Database

Auto Trakk, LLC response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Auto Trakk, LLCComplaint HistoryComplaints6/20141/201510/20151/20165/201610/201600.250.50.7511.25Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Auto Trakk, LLCTaking out the loan or lease83.3%16.7%Closed with explanationClosed with non-monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageTaking out the loan or lease0.6%6.7%1.1%0.3%2.4%5.5%81.9%1.4%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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