I am 21 years old and with little credit
I went down to the Ford lot and found a 2005 Ford Focus (26,000)for $10,900. When I was talking about the payments, I asked them what is the total price of the car (with fianancing) and he refused to give me it, he would try to tell me how much I am saving from the actual car payment (not interest).
Finally, when I got to the signing of payment and contract, It read (on the computer screen) that I would be paying around 21,000 (the car and interest) and that my interest rate was 19%. I told them that I would have to talk with my dad, and I needed a printout of all the financal information, they said they couldnt print anything out. They just printed the amount of the car and how much I was saving from the Kelly Blue Book value.
When I talk with my friends, they told me this normal, however I found this rediculous amount to pay for a car. Can someone please tell me: should I go back or not.
2007-02-07
13:08:04
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10 answers
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asked by
Anonymous