So, with the 3rd SlingShot, I ended up going with the dealer offered financing because he was offering 3.99% and the CU was offering 5+%. It ended up being Sychrony Bank which is one of the Polaris partners.
Well, I've made 3 payments so far - and had 3 problems. I'm wondering if anyone else deals with Synchrony and what your experience might be.
Sychrony does not issue a payment books nor do they have on-line payment capabilities (like EVERY F'N OTHER COMPANY TODAY!). They send me a payment coupon each month like credit cards do. My payment is due on the 25th of each month:
- June - Sent payment on the 20th, was posted to my account on the 26th, and cleared my bank on the 28th. Got a late fee of $39.99.
- July - Received payment coupon on the 19th (even though it says it was printed on the 12th). Of course I called to complain about the short timing, got the late fee reversed, and sent payment out on the 20th, clearing my bank on the 23rd.
- August - Got payment coupon on the 14th. Showed I owed 3 payments and that I was late! Current balance was almost $400 more than the original loan. Called and found out that they had to remove all my payments to take care of that late fee and then re-apply them all. Everything was cleared and I was on track and only owed 1 payment and that the printed statement/coupon just happened to print while they were doing all this. Sent the check on the 15th.
So, anyone else having problems with Sychrony/Polaris financing?