Appalling Lexus Dealer Experience
03-20-15, 02:32 PM
#31
Lexus Champion
Thread Starter
I agree that Lexus is #1 for customer satisfaction and service, that's why I'm shocked by the behavior of this dealer and sharing it with you all. I had a better experience when I was getting the first GS at this dealer with different salesman, and treated better by other dealers. That's why I still drive a Lexus and intend to get another one, just not from Lexus of Riverside.
03-20-15, 02:33 PM
#32
Lexus Test Driver
Since your father will be making the payments (for business reasons you say) why doesn't your father just buy the car in his company's name and let you drive it? That appears to be what is happening. I see no reason for your father to involve you with being a co-signer. You are not needed for any purpose that I see. Further, I cannot imagine your father's company's tax accountant wanting your name associated with a vehicle used in your father's business, or you as a co-signer on the paperwork. What purpose would that serve? What do you bring to the table in this matter - other than being given permission to drive the car? I'm confused...
The car is leased so I can switch it out after a few years and won't have to worry about after warranty stuff. Also, they included me as a co-signer not only because I'm the main driver, but it also helps buildup my credit even more (more is always better 
). I've been co-signer with many cars already with no additional problems or confusion.
). I've been co-signer with many cars already with no additional problems or confusion.
03-20-15, 02:33 PM
#33
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03-20-15, 02:35 PM
#34
Lexus Champion
Thread Starter
03-20-15, 02:36 PM
#35
Lexus Test Driver
03-20-15, 02:42 PM
#37
Lexus Test Driver
I had my dad co-signed it for me cause my credit score isn't that great, nowhere near top tier 
but his is. All the payments come from my bank account straight to TFS.
but his is. All the payments come from my bank account straight to TFS.
03-20-15, 02:42 PM
#38
Lexus Test Driver
03-20-15, 02:45 PM
#39
Lexus Test Driver
That is the way it is supposed to work. He is covering for you 'in case' you fail to make payment, but you are making the payments. In his case - he's not making payments. It's all scrambled up and bizarre...and makes zero sense.
03-20-15, 02:49 PM
#41
Lexus Champion
Thread Starter
As I already said, the previous cars that we've leased, it wasn't a problem and everything went smoothly. Nothing changed except the dealer's attitude.
But the co-signing thing is far from the point of the post. As a returning customer, I do not deserve to be treated like that.
But the co-signing thing is far from the point of the post. As a returning customer, I do not deserve to be treated like that.
Last edited by dchar; 03-20-15 at 02:53 PM.
03-20-15, 02:53 PM
#42
Lexus Test Driver
It does help to build credit indeed, yes the first few month after the loan credit score goes down a few points, but in 4-5 month it goes back up and once the loan is finished the score does improve significantly. There is nothing weird about the situation, except him being treated like a second class citizen at the dealership.
03-20-15, 03:00 PM
#43
Lexus Test Driver
I don't see it being a big deal having two people with good credit purchasing the vehicle for whatever reasons they might have.
It does help to build credit indeed, yes the first few month after the loan credit score goes down a few points, but in 4-5 month it goes back up and once the loan is finished the score does improve significantly. There is nothing weird about the situation, except him being treated like a second class citizen at the dealership.
03-20-15, 03:02 PM
#44
It does help to build credit indeed, yes the first few month after the loan credit score goes down a few points, but in 4-5 month it goes back up and once the loan is finished the score does improve significantly. There is nothing weird about the situation, except him being treated like a second class citizen at the dealership.
A co-signed loan will still show up on your credit report as a debt you owe. If you apply for credit on your own, potential lenders will see and consider that debt when deciding whether to extend you more credit. The debt will also affect your ratio of credit available to credit used, which is a key factor credit bureaus consider when calculating your credit score.It has an effect on your credit score until the loan is paid.
03-20-15, 03:23 PM
#45
Lexus Test Driver
A co-signed loan will still show up on your credit report as a debt you owe. If you apply for credit on your own, potential lenders will see and consider that debt when deciding whether to extend you more credit. The debt will also affect your ratio of credit available to credit used, which is a key factor credit bureaus consider when calculating your credit score.It has an effect on your credit score until the loan is paid.