In a recent viral TikTok video posted by car salesman J Rod, he shared what he described as a "perfect" sales experience with a first-time car buyer. However, the video received a swarm of negative comments from viewers who believed the buyer was taken advantage of.

The TikTok video showcased the buyer's interest in a 2019 Toyota Camry, priced $2,000 below market value. The buyer took his time inspecting the car and eventually declared it to be "the one." J Rod mentioned that the buyer had a credit score of 650 and a monthly income of over $3,000 from Amazon.

What caught the attention of viewers was when J Rod revealed that the buyer came with a down payment of $6,000. While J Rod seemed satisfied with the outcome, commenters voiced their concern over the high interest rate of approximately 14% on the car loan. They argued that such a rate was unreasonable, especially given the significant down payment.

Bankrate's statistics show that individuals with credit scores ranging from 601 to 660 can expect an average interest rate of 13.72% on used car loans. However, critics questioned why J Rod chose to finance the purchase through Santander, a lender that some associated with negative experiences.

Several viewers accused J Rod of not acting in the customer's best interest and suggested that he had taken advantage of the buyer. Others shared their own experiences, highlighting much lower interest rates they had secured on similar purchases. There was also criticism aimed at J Rod for his choice of financing and the potential additional percentage points added by dealerships to maximize profits.

While some pointed out that self-financing or exploring other lending services, such as those offered by auto manufacturers, might yield better rates and incentives, others emphasized the importance of obtaining pre-approval before entering the dealership.

The backlash prompted the Daily Dot to reach out to Santander and Toyota for their perspectives on the situation, as well as J Rod for his response.

The incident raises questions about fair interest rates on used car loans and the role of dealerships in financing. It serves as a reminder for car buyers to carefully consider their options, seek multiple opinions, and thoroughly research the terms and conditions before finalizing any purchasing decisions.