Beware, McGrath new car sales is not looking for the best - dalesandn
Beware, McGrath new car sales is not looking for the best financing for you. It seems like they have ulterior motives. We suspected McGrath was up to something when the Hyundai salesman asked us ‘what kind of payment are you looking for?’ I answered that I’m looking for the best interest rate/finance deal and the payment will be what it will be after that. Everyone we talked to at McGrath kept coming back to that question, ‘what kind of payment do you want?’ We’ve bought several new cars in our lives as well investing in real estate and understand very well how financing works. Every new car we’ve purchased was always financed through the manufacturer because, at least in our case, they always had the better deal. We assumed that would be the case with Hyundai too, but McGrath lied to us by saying they weren’t offering any deals and McGrath’s favorite lender, Green State Bank, was the best. Again, we’ve never experienced a situation where the car manufacturer wasn’t offering the better finance deal. We questioned McGrath on this and they confirmed Hyundai didn’t have a better rate, Green State did so, we agreed to finance with Green State Bank. The next day, we went on Hyundai’s website and sure enough they were offering a considerably better finance deal on new cars just as we suspected. We contacted McGrath and asked why did they lied to us. The finance person we worked with the night before said she wasn’t aware of Hyundai having any finance deals. This seemed to us to be another lie. I’ve never heard of a dealership who wasn’t fully in tune with their manufacturer’s finance packages. To hear a dealership, especially one as big as McGrath claim they were unaware of Hyundai’s financing was simply unbelievable. We insisted on them changing the financing from Green State to the Hyundai package immediately, which they did. The other issue we had is that they are very pushy trying to get you to buy the extended warranty. The way they present it is very misleading – almost like you don’t have a choice to turn it down. After we turned it down, she continued to push it. I finally had to firmly tell her that we weren’t interested and to move on. She later came back and tried to sell it to us a third time. Buyer beware. Make sure you do your homework before buying from McGrath and don’t let them strong arm you into something that doesn’t sound right to you. Like the extended warranty, the way they present the information, I can see how easy it would be for those who don’t have much experience dealing with salesman, to ‘fall for it’.
Read More