I bought a 2002 Nissan Altima and I financed it. It cost $8495 and I paid $1500 down on it and they added insurance to it for $2000. When I get finished paying all the notes I will be done paid $17000. I believe they made a mistake.
2007-08-02 16:18:14 · 12 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
I have four years for $354/month.
2007-08-02 16:38:12 · update #1
Ok: So you bought a car for
$8,495.
dn pmt: - 1,500 = $$6,995.
you owe. 1)Get Your own
financing for the balance, or
ask your parents to pay it off
and you will pay them +int.
2)$17,000. minus $6,995.=
$10,005. this is the amount they are screwing you for.
Are you going to let them
DO IT???
2007-08-02 17:04:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If this is true, it means you have bad credit and are being financed by a company who takes people with bad credit.
go to a bank or credit union and get the loan there. what is the insurance for? is it in case you total the car and are upside down? you need to understand more about financing.
how many years are you paying? Did you sign the papers?
How long has it been? You can take it back in some states (buyer's remorse). You should try to get better financing. Get a loan - not though that dealer - but usually if your credit is any good you get a much better financing deal even through a dealer. we got 6% through a dealer on a used car.
people with bad credit pay MUCH MORE for credit.
learn to calcualte interest and see if they made a mistake.
2007-08-02 23:28:35 · answer #2 · answered by Sufi 7 · 0⤊ 0⤋
Look at your total amount borrowed, the interest rate and your length of loan. This will determine the amount of interest you pay on your loan.
Please tell me you didn't finance your insurance payment. If you did you'll be paying interest on $2000 for the entire length of your loan and the insurance will expire in 12 months.
The person who made the mistake is the one who doesn't understand the terms of the contract they just signed.
2007-08-02 23:39:20 · answer #3 · answered by mccoyblues 7 · 1⤊ 0⤋
Depends on what kind of interest rate you got and for how long you finance the car.
2007-08-02 23:27:22 · answer #4 · answered by Vince M 7 · 1⤊ 0⤋
It sounds like a lot buts its too late now to worry about it so just forget about it and get on with it.We have all done it at one time or another.Sometimes you pay too much and sometimes you get a bargain.It all evens out in the end.
2007-08-02 23:24:48 · answer #5 · answered by geoffrey s 1 · 0⤊ 1⤋
Interest rates for a six-year-old car are murder if your CS is 840. If your score is low, then you probably got a bargain.
2007-08-02 23:27:58 · answer #6 · answered by gunny 2 · 0⤊ 0⤋
Depends on your interest rate and length of the loan.
Now stop talking ghetto-style and learn - "Does this sound right?"
2007-08-02 23:37:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I think that you made the mistake, not the people who sold you the car.
2007-08-02 23:26:31 · answer #8 · answered by oldsalt 7 · 1⤊ 0⤋
Maybe you should question them about it and have them talk you through it. Also get them to write it down and take it to your lawyer to make sure.
And no, "Do this sound right" doesn't sound right at all.
2007-08-02 23:22:04 · answer #9 · answered by whynotme_ldh 3 · 0⤊ 0⤋
i think those people made a mistake because if u add it all up they dont count about 9000 dollars
2007-08-02 23:21:30 · answer #10 · answered by Royal_Shotz 2 · 0⤊ 0⤋