2000 Chevy Cavalier worth book about $4,100 sold to me for $11,000 (almost triple it's value) at 19.99%interest (about 4x the going auto loan rate). Had a wreck and totalled the car. Have paid them about $2,425 cash myself and the insurance paidout $3,692. Total paid so far for a $4,100 vehicle is $6,116.60 carried for 4 months. Have been told several times that the loan is clear and "they can put me in another car and the next payment I would have made will count toward a down payment on another car."? Why would I want to? I'll just continue to drive the ole truck a little bit longer and pay the same amount of money for a brand new vehicle from the dealer.
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