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> but the auto finance industry is pretty slimy on this too, in different ways This is true that the auto industry (some anyways) will extend the life of your
by aestra 13y ago
> but the auto finance industry is pretty slimy on this too, in different ways
This is true that the auto industry (some anyways) will extend the life of your loan to make the car look cheaper. You can only afford $100 a month? Have a ten year loan! However, I was with a friend when she bought her car and on the finance agreement there was a (possibly legal requirement) box where it said clearly "this is the total amount of interest you will pay over the life of the loan." You had to sign that you got that number and that it was pointed out to you. Regulations in the US make lenders less scummy.