Flynrider
Phoeix,#2Consumer Comment
Tue, April 21, 2009
You apparently agreed to this cockamamie deal. Sadly, your friend and grandmother were sucked in as well. The old "you can refinance in 6 months" is a common dealer lie. It shows up here fairly often. The problem with that is that you should know that with a repo and bad credit, there's no way you'd qualify for a refinance in 6 months. Given the ridiculous payments and balance due, it also looks like you didn't pay much attention to the purchase price or the interest rate. Bottom line is that it's not illegal to pay too much for a car. Since the contracts that laid this mess out were signed, it's unlikely that you have any legal recourse.