Moderator
Revelate
Posts: 8,896
Registered: ‎12-30-2011
Re: Roadloans = Confusion

MSpurple wrote:

I see, so this means that if i don't buy a car under 23k then im still paying for a car worth 23k PLUS interest. The interest is more than the car!!! I can't take that route.


Nah, you're approved up to that amount; that doesn't mean you have to spend all of it :smileyhappy:.

 

Figure out your purchase price, then use the link illecs helpfully provided at the 16% APR which Roadloans quoted you, and that's your loan math.

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