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Submitted 584 days ago...

Iapetus714

Iapetus714

New User (1)

Why is my use car payment so high

I bought a use car and put $4000.00 down and was finance the car was $7.000.00 why is my is my car finance and went back up to $7000.00 or $8000.00 and all i owe was $3000.00 after putting my $4000.00 down

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Answer 1 / 1 - Submitted 584 days ago...

kbky11

kbky11

Brain (12,549)

What was your credit rating ,? and your intrest rate , and add on fees like dock fees, and such, this adds up and you can owe, a huge amount after this is all put on payments, heard a guy the other day , come into my sons dealership , protesting about the same thing , and my son showed him , his credit score, and what it took to get him a loan , it was like 21% intrest, his score was like 568 or some thing, companies that take thoses high intrest loans , lose a lot of loans and have to repo, a lot and pay the repo man , and get a car back , thats been trashed, and car dealers tack on every fee, that you can think of, so i hope ive helped you, and there is profit to ,

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Why is my use car payment so high

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