Jdbyrider in Florence Kentucky charges 24 and 25 per cent interest rates to their customers, the highest percentage allowed by Kentucky law. Their cars are usually a lot higher priced than other repubtle car dealers. If you miss paying your payment on time there is a good chance you will lose your car because there is no such thing as a grace period. One day late and they can take the vehicle.
What the consumer needs to know is to ask right up front what the interest rate is and then get online and look up the kelly blue book or NADA retail price of that vehicle before they buy. What Jdbyrider in Florence Kentucky is doing is not against the law but it is a shame that someone who has had credit problems has to pay a much higher price and interest rate because they have had credit problems in the past. Shop the price and interest rate at other dealers including buy here pay here lots before you buy.
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