My husband & I bought a car through a dealer in MA. I know our credit is not good, but to charge us almost 100% interest on a $17,000.00 for a 2012 car.
Our financial papers on the purchase of the car states that we are paying 21%. We figured out that by the end of our loan we will have paid GM Financial over $31,000.00. When we call for a pay off we are told the amount is over $18,000.00. Even though we have paid on this for a year.
We still have 5 more years to go till this loan is paid off.