A very close friend bought a vehicle from JDB in early 2017.
When she went to JDB last year, she was only 21, inexperienced, had never bought a vehicle, applied for financing, etc.
LONG story short, she got into an accident about a week ago and her car was totaled. It wasn’t until then that she learned her vehicle is valued at around $4,000 yet she still owes around $11,000 on her loan.
She was never educated about or offered GAP insurance at the time of her vehicle purchase so that leaves her $7,000 upside down on this loan and no way out of it.
I am horrified at the deceptive practices, grossly inflated car prices, barely-legal interest rates, and misguidence through omission that JDB is still getting away with. They need to be stopped.
Product or Service Mentioned: Auto Loan.
Reason of review: Problems with payment.