Ya he wasn’t able to get extended warranty minus seals and gaskets, due to the debt load. 40g truck, 100g loan. The whole system seems so corrupt. He did do the delete. It definitely has been a disaster to deal with. Thank you for your comment. I appreciate it.
Ya he wasn’t able to get extended warranty, due to his debt load. 40g truck, 100g loan. The whole system seems so corrupt. He did do the delete. It definitely Thank you for your comment. I appreciate it.
it was used, he got it at 124,000 Km. He’s 22. His credit was non existent. Went to a dealership and this is the truck they rolled him into. We didn’t even know it was out of province, they registered it before he did. They also didn’t properly disclose an accident, nor did they disclose all the repairs. They got it from Quebec and had papers signed to him before it was even looked at. He received it almost a month after due to repairs (they stated things like sensors, brakes, sway bars, a bunch of steering things, they never once disclosed it came in leaking oil badly, nor did it have the oil cooler changed). This dealership uses financing companies for bad credit, so when everything was said and done, his final loan was for just over 100,000. The truck was originally just over 40,000. The whole system seems somewhat corrupt. Following the engine failure, the truck sat in his yard for almost 6 months, until he was able to buy a new engine (borrowed the money) He’s young, vulnerable and was excited for his new truck and to work on his credit. He should of paid attention to a lot more but unfortunately didn’t ask enough questions, he made ALOT of mistakes in this process. I went to AMVIC (Alberta motor Vehicle Industry Council), the dealership is in trouble for two administration faults , one involves the out of province, the other is steps in paperwork. Unfortunately they just got caught and reprimanded a week prior for the out of province clause, so we are seeing if we can piggy back it with the second administration failure to at least bring some accountability. I went through everything and found a variety of issues in the paperwork, repairs and issues not properly disclosed. Unfortunately there seems to be quite a grey area we are swimming in and proving things without a reasonable doubt is becoming a challenge haha.
From what I understand, those things are not cheap to replace..... On ANY modern diesel. And it is one of the most failed components on modern diesel engines. And labor alone can be ungodly expensive, because most of them are hard to get at, requiring a lot of disassembly and reassembly to complete the job.
I know. That’s the part I don’t understand. How can he only get a vehicle worth that much yet a loan more than double the amount. Due to his credit this was the only company who would work with him. There needs to be more regulations or something on this. As well, the out of province inspection they use, the peace officer with AMVIC said they are a complete joke and a waste of paper, with zero regulation. When I began doing research on the dealership I found he was one of many people with this issue, huge loan and blown engine. Now the truck has a new engine so it’s worth a whole lot more. That’s what got me into this, he got behind on a couple payments because he had no idea what to do with it plus engines were hard to find. So my question to the dealership was “well he should own the engine since he paid cash, shouldn’t he? Truck you can have, engine, no” haha. That’s when I started pulling and going through stuff. It didn’t make sense to me it could just have a catastrophic failure with this low KM. But, now after looking into it seems it was almost destined to happen and probably why it was traded in. Hindsight he should have just let them take the truck with the blown engine and used that money to buy something else and dealt with the loan after. The whole experience has been eye opening and an awful learning lesson for him. I don’t want this to happen to other people , thus the AMVIC report. People going to these places are already pretty vulnerable, desperate and not in good situations, so finance fees like this seem
As hard as it is to accept, no amount of “regulation” will prevent people with little knowledge/experience from making bad decisions.
I appreciate you pointing out the obvious mistakes
. Thanks for your input.
The why the call for more regulation?I appreciate you pointing out the obvious mistakes
Does it not seem like robbery that a financial company can take advantage of people who aren’t able to get loans anywhere else, and give them a loan more than double the value of a vehicle ? He would have never gone this route, if he wasn’t young and lacking credit, but he didn’t have a choice and he absolutely needed a truck, or working is off the table. Plus this was the ONLY vehicle they would approve him for. The chances of people faulting on these loans would be extremely high, leading to these vehicles being repossessed, sold for a much less price then the loan is worth and the person is stuck paying this loan off or destroying their credit even more.
They have faulted on 2 administration clauses with our province , which I’m waiting for an outcome currently with AMVIC. One of the rules they broke, they just got caught on the exact same thing, I found out they did, with another client. A lot wasn’t done properly in this situation.
Yes, he should have skipped it. But unfortunately here we are. And he owns his own company so it sure as **** effected his career, pay , house and vehicle.
Yes, and I believe educating the costumer and exposing the bad dealers is a way better solution with todays instant social media, than chasing what rules they broke.
Ya, that’s my next step. I was just seeing what grounds I had here etc. My google review definitely wasn’t a good one. Next is education on everything that happened and getting it out, so hopefully it stops it from happening again.
From what I have read from some various sources in the "lets learn from our failures" department of stories, DD was there only to help make sure its a real diesel engine, but Olds didn't understand how much more important the head gasket is in an diesel engine, especially a V8. Which lead to all the infamous problems despite what DD was telling them. When they introduced the V6 version, they figured out the head gasket finally but the damage was done.
