Wells Fargo Auto Finance
Auto loan payment is 51 percent interest each month, statement shows
- 10-16-2008
- 45
I took a lean out on my 2005 F150 truck for 10,600 dollars, interest rate of 13.24 %. My payment is $237.12 a month for 5 years. My latest statement from Wells Fargo shows that Principal payment was 115.30 and Interest payment was 121.82. As you can see I am paying 51% interest per month on my loan. If I continue paying this interest I will have paid in over 7,300 in interest over the life of the loan for a 10,600 dollar loan.
Company: Wells Fargo Auto Finance
Country: USA
State: Arizona
City: Phoenix
Phone: 8005593557