ge capital car loan review

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Average Ratings
Speed Of Loan7.5/10 Based on 2 ratings
Customer service1.1/10 Based on 4 ratings
Value for Money1.6/10
Overall rating1.6/10
14% Recommended3 out of 21 Reviews

Review of GE Capital Car Loan

By LenaG on 7th Oct 2004

LenaG's Ratings
Customer service0/10
Value for money0/10
Overall value0/10
no LenaG's recommendation

Good Points

None

Bad Points

Terrible Customer Service, Slow Administration

General Comments

I sent funds via internet transfer to pay off the balance of my car loan in order to use my car as part exchange for a new one. Every time I called GE Capital Woodchester they claimed not to have received the money. I was counting on a swift transfer, in order to seal the deal on my new car, I did not find GE Capital swift at all. They admitted that the money was 'probably' in their account, but that they couldn't see it on their 'system'. I asked to speak to a manager and was told I couldn't. Very obstructive. I certainly won't be using them EVER again.

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2 Comments on Review by LenaG for GE Capital Car Loan

  1. NM on 30th Jun 2005

    I also recently bought another car wanting to part exchange my existing one, which had a GE capital loan still to pay on it.
    I paid the loan off (taken out of my account the next morning) and even after two weeks I was told that I cannot part exchange my car because the payment has not cleared and it takes 14 working days!!! So, why was it taken out of my account the next day (they did not take their time doing that!)
    Being a GE capital customer for 4years and paying a rip off interest rate of 14.9% apr is absolutely disgusting as they can't settle my account soon as they took the money out of my account. Total time wasters, who are good for NOTHING!!

  2. postmankarl on 22nd Mar 2006

    My car is on a 32.5% apr.
    I wanted to change my car - But they said they would not talk to me and I had to speak to a dealer who would then process the forms.

    But I said you know me and I want to do it Direct but they said No - I asked if I would get a lower apr and they said No it may be higher!!! I have been with them 3yrs and have never missed a payment.



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