Steve
Bradenton,#2Consumer Suggestion
Mon, November 28, 2005
Almost any car dealer thats buy here pay here is a rip off. Thats the only reason they are in business, to finance those who cannot get bank financing. People really need to thoroughly read, and question any financing contract BEFORE signing it. Most people do not do that, and it really amazes me. JD Byrider is just the new name for ugly duckling or one of those that got such a bad reputation they had to close. Good luck!
Ken
Randolph,#3Consumer Comment
Mon, November 28, 2005
I am not entirely clear what you are trying to say here, but I can tell you that as long as you have a balance on a loan, interest continues to accrue. The fact that you are paid ahead doesn't stop interest, it just means that interest is calculated against a lower balance. One other thing, on many loans, even if you overpay on a given month, you still have to make a payment on the next month. Your loan will end sooner, and you will pay less in total interest, but you are still obliged to pay every month. I don't know what your situation with them is.