Lourdes
Valrico,#2Consumer Suggestion
Wed, December 31, 2003
In defense of auto finance companies all over the nation, if you purchase a vehicle for $10,500 at an 18% interest for 60 months, the payments should be approximately $262.00 a month. The total amount financed is about $16,080. Now, if you have made 50 payments at $262 it comes to $13,100. You should owe $2,900, Your contract should detail what other fees were added to your loan ie, forced placed insurance, late payment, disability, warranty, GAP insurance, etc. So I would recommend that you look at your contract again, and see if they have added some other fees to your contract. If you still think that you have been wronged, you should call them and ask them for an explanation. Good luck!!!!