Re: Kia Sucks -- Kia=Krap Imported to America

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Date Posted: 23:45:00 01/16/11 Sun
Author: CF
Subject: Re: Kia Sucks
In reply to: mr xxxxxx 's message, "Kia Sucks" on 20:45:00 11/10/10 Wed

Buying a car outright is always cheaper in the long run. Should have just taken a loan instead.

Plus, your finance is with the dealership and not the KIA company. You got 'shammed' by the dealership, not KIA. There's always bad dealerships, even Toyota/Honda/Fords.

>Complaint Description - Posted 11/2/2010 4:03:21 PM
>
>
>They been applying ridiculous amounts of my over
>payment to interest my payment is 345 a month and I
>pay 300 every 2 wks and my money is being spread out
>on interest however they see fit I've complained to
>them and they assured me this is not true but you can
>see in the history of payments I'm being ripped off
>
>Complaint Summary
>
>
>I�ve been sending extra payments every month to apply
>to principle and it hasn't i've paid 10,000 in 2 yrs
>and only 5,000 has gone to principle
>Resolution Sought
>
>
>I want my account to be credited properly this is a
>sham
>
>Additional Information
>Date Problem First Occurred:
> 11/20/2008
>Product or Service: auto loan
>Model Name or Number: ria
>Date Purchased: 11/8/2008
>Order Number: 20080905805223
>Amount In Dispute: $4,590.00
>
>
>
>
>
>
>
>
> Company's Response
> Company's Initial Response - Posted 11/08/2010
>The type of account Mr. xxxx has is called a 'simple
>interest account.' Only the interest that has accrued
>since the last payment was made is collected from each
>payment. Any extra funds sent in by the customer are
>applied to principal. The customer will see the extra
>amount applied as a reduction in the amount due on
>their next statement. Interest accrued on an account
>is calculated by this formula: Current Principal
>Balance * APR / 365. This calculates the interest per
>diem. That per diem is then multiplied by the number
>of days since the last payment was made. That interest
>is then deducted from the customer�s payment and the
>remaining payment amount is applied to principal. Mr.
>xxxxxx has a 20.05% APR and has made 26 of 60
>scheduled payments. He has paid a total of $10074.00
>on his account. $5145.10 has been applied to
>principal, $4906.07 to interest, $7.83 to late fees
>and $15.00 to NSF fees. If Mr. xxxxx would like a
>printed payment history or would like to discuss his
>account with a supervisor, he can contact one at
>1-800-523-4030, Monday-Friday, 8AM-9PM EST.
>Initial Response Summary
>Only the interest that has accrued since the last
>payment was made is collected from each payment. Any
>extra funds sent in by the customer are applied to
>principal. The cust
>
>
>
> Consumer's Rebuttal
> Rebuttal
>
>Never Ever buy a Kia

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