This is a little late, but we took my '05 Frontier in to Midway seeking a smaller vehicle in Febuary 2010. (We purchased my frontier from them, so I felt pretty confident in them) Now, I'm so pissed, we can't trade our current vehicle in for a new one. Why? I put 3,500 down in cash, and they gave me 1,500 for my truck, which left 1,000 left on the loan. Now between the 3,500 and 1,500 it makes 5,000 I put down on the '09 Scion we purchased for 17k. Less the 1,000 left on the truck loan which made our down @ 4k. which should have put the loan @ 13,000 plus interest. While we were in with the finance mgr we were asked if we wanted an extended warranty of which we declined. ( I don't have the loan papers with me), but it came up to about 1,000. After a couple payments, we thought the payments were a little high. So we looked a little closer at our loan papers and there was the extended warranty added on. We had to call the warranty people and have it removed off the loan of which was credited to the loan. Also, we were asked if we wanted Gap insurance, of which was strongly suggested and we did accept that. I feel they kind of knew what they were doing as far as putting us upside down on the loan, as we had more than enough of a down.
Now, I would like to trade my scion in, of which we owe about 12k....hello. I've gone to kbb.com and edmunds.com and the average trade for my scion is about 6-7k which puts us upside down about 5,000 give or take.....about the same we put down on the scion....so where did my down payment go to? My scion loan should only be about 7,000 remaining, but the balance is about 12,000. We can't even refinance because the bank says the loan to value is too high.
We purchased about 3 vehicles from Midway in the past, and it's so frustrating to see what they did to us. We will NEVER go back to them, and if we have friends and acquaintences looking for a vehicle we tell them not to go to Midway.
Midway Nissan Reviews
This is a little late, but we took my '05 Frontier in to Midway seeking a smaller vehicle in Febuary 2010. (We purchased my frontier from them, so I felt pretty confident in them) Now, I'm so pissed, we can't trade our current vehicle in for a new one. Why? I put 3,500 down in cash, and they gave me 1,500 for my truck, which left 1,000 left on the loan. Now between the 3,500 and 1,500 it makes 5,000 I put down on the '09 Scion we purchased for 17k. Less the 1,000 left on the truck loan which made our down @ 4k. which should have put the loan @ 13,000 plus interest. While we were in with the finance mgr we were asked if we wanted an extended warranty of which we declined. ( I don't have the loan papers with me), but it came up to about 1,000. After a couple payments, we thought the payments were a little high. So we looked a little closer at our loan papers and there was the extended warranty added on. We had to call the warranty people and have it removed off the loan of which was credited to the loan. Also, we were asked if we wanted Gap insurance, of which was strongly suggested and we did accept that. I feel they kind of knew what they were doing as far as putting us upside down on the loan, as we had more than enough of a down.
Now, I would like to trade my scion in, of which we owe about 12k....hello. I've gone to kbb.com and edmunds.com and the average trade for my scion is about 6-7k which puts us upside down about 5,000 give or take.....about the same we put down on the scion....so where did my down payment go to? My scion loan should only be about 7,000 remaining, but the balance is about 12,000. We can't even refinance because the bank says the loan to value is too high.
We purchased about 3 vehicles from Midway in the past, and it's so frustrating to see what they did to us. We will NEVER go back to them, and if we have friends and acquaintences looking for a vehicle we tell them not to go to Midway.