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Anyone ever work with Echo Park for Used Car Purchase?

Posted on 10/2/20 at 8:24 am
Posted by southside
SW of Monroe
Member since Aug 2018
585 posts
Posted on 10/2/20 at 8:24 am
Looking at getting a used car from Echo Park. Their prices are excellent and they have very low dealer fees. Only thing is that you have to use one of their banks to finance.(capital one, chase,BofA).

I've never heard of them before this, but they seem to be pretty competitive.

Posted by southside
SW of Monroe
Member since Aug 2018
585 posts
Posted on 10/2/20 at 11:52 am to
Well, got a very informative update.

They ran my credit, came back "Excellent", started the finance process over the phone.

I declined their 10 warranty offers.

They called me back an hour later to update me with financing info. Turns out they "sold the vehicle".

I can just about guarantee they didn't sell it, they just didn't want to sell it to me because they knew they wouldn't make any money off me without their warranty BS.
Posted by lsu xman
Member since Oct 2006
15567 posts
Posted on 10/2/20 at 9:11 pm to
Good to know.

Saw they had a good selection with decent prices.
Posted by Leonard
New Orleans
Member since Sep 2014
4254 posts
Posted on 10/2/20 at 11:39 pm to
I got a car from the Echo Park in Houston about a year ago. I had secured financing beforehand, but they asked my rate and ended up beating it, so went with them (refinanced once rates started dropping like a rock this year).

No hassle, in/out after a few hours. I was pretty satisfied.
Posted by nobigdeal69
baton rouge
Member since Nov 2009
2174 posts
Posted on 10/3/20 at 9:39 am to
Bought 2 in Dallas. They make their money off warranties and financing. I declined their warranties, but they are very persistent. Also, I have 800+ credit score and they gave me a 4.9% rate. I refinanced a couple months later with USAA to 3.29%.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13664 posts
Posted on 10/3/20 at 10:10 am to
Visited one, didn’t buy car. Dealership was clean/modern. As said before you have to use their lenders for financing. You can buy in cash, but must be debit/check/cash from your account and not through outside financing. Prices were good before Covid hit. Still better than dealerships but used cars overall aren’t a good deal currently.
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