I'm 62 female, purch. Veh. As is. Bad credit. Finance co. Charge 24% interest. 2003 Ford Focus 112,000mi. Total $8995 blue book says worth $5,000. I did'nt know this interest was so high and total was too much. Live and learn. Finance paid dealer for car, then dealer said I have to pay him $500 for down pymt. $100 mo as I am on Soc. Sec. Disability. Vehicle $300 mo. I paid down to $3000 then vehicle wouldn't pass the vehicle emissions. Repaired 3X not passed. Traded in went to same dealer now 2007 Chrys. Sebring, 117,000 mi. $10,400 Total cost, but with interest 24% I will end up paying $16,000. I see now on internet and TV that same car $7 to $8,000. Dealer drew up phone promissory note for me to sign, I must pay $500 all at once this time or $50 every date late. I took this car a week later, it would not pass vehicle emissions. Note now $332, I really want out of this deal. Finance co asked me what was $500 for, they paid him for the car same day. I've made one payment 3 wks. Early. Dealer looking for the $500 May. Finance co says betw. Him and me. Any advice?
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