I financed a camaro through SeaWest Financial 18 months ago for the price of $14,000. I only just found out this month that the company had been bought out by a company named CPS. I called the 888 number to see what my balance was after having my car for 18 months I wanted to refinance it.
AFTER 18 MONTHS I OWE $11,700. How is it that i have been paying $410.00 a month for 18 months and still owe $11,700? Lets see: 18 months at $410 a month is $7,380. So $14,000 minus $7,380 is $6,620 NOT $11,700. CPS claims that they do not have the license to refinance my car. I am in the Navy and I am trying to sell this car as it has had numerous problems and I am paying a small fortune for something that is not worth it.
How can I either get rid of or refinance this car???
Can someone help me??
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