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@Anonymous wrote:
This loan was done through a Consumer Finance Company. It works like a credit card.
New vehicle loan, $13,981.26 financed.
Interest rate 16.99%
Minimum payments $200 monthly.
This person has been making a $200 payment for 2 years. The balance is still over $13,000.
I just broke the bad news to them. Aren't auto dealers great at confusing people.
Message Edited by ilovepizza on 07-21-2007 05:13 PM
@Anonymous wrote:
This loan was done through a Consumer Finance Company. It works like a credit card.
New vehicle loan, $13,981.26 financed.
Interest rate 16.99%
Minimum payments $200 monthly.
This person has been making a $200 payment for 2 years. The balance is still over $13,000.
I just broke the bad news to them. Aren't auto dealers great at confusing people.
Message Edited by ilovepizza on 07-21-2007 05:13 PM