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BB&T Supports Used Car Dealer West Coast Auto Mall
Why won't Bank of America, Capital One Auto Finance, or any other Major Bank write a loan on West Coast Auto Mall? Because they are high risk; however, there is one shining Bank that loves them - Branch Banking and Trust Company.
Who is West Coast Auto Mall and what do they sell?
West Coast Auto Mall Sells Devalued, Damaged Cars on AutoTrader.com, Ebay and Cars.com
HOW? They purchase red light, frame damaged cars cheaply auto auctions and then sell them on their lot. Most people cannot detect this damage, but a good inspection will reveal this defect.
AUTOCHECK? Most CarFax reports do not contain auto auction reports; however, AutoCheck does reveal some (not all) auto auction announcements. According to AutoCheck about 75% of West Coast Auto Mall cars have frame/unibody damage auction announcements.
WHY? Buying frame damaged cars is something not easily noticed to the untrained eye. Then they advertise prices below NADA value, say save thousands, and "full factory warranty". However, if it's too good to be true, then it probably is.
THE CONTRACT: No matter what they say or how they advertise, this is the bottom line on the contract.
NO.1 = All used cars are sold AS-IS, no warranty. You will pay all costs for any repairs needed. The dealer assumes no responsibility for any repairs, regardless of any oral statement about the vehicle.
NO. 2 = All vehicles sold by West Coast Auto Mall are 'AS IS'. If a vehicle comes with the balance of a manufactures warranty, then this is between the buyer and the manufacturer.
NO. 3 = West Coast Auto Mall does their best to inspect all vehicles but we only guarantee a clear title with no brands. We do not guarantee the vehicle has never been in any type of accident.
NO. 4 = All promises, statements, understandings or agreementsâ¦.are expressly waived.
Basically they can tell you ANYTHING, but you sign the contract giving them the authority to LIE TO YOU. What's worse is BRANCH BANKING AND TRUST helps them by funding their loans. Thanks BB&T. You need to do YOUR research for YOUR customers!!!!!!!!