Recent content by Azm86

No the loan contract is completely different from the installment agreement. The installment agreement has the interest, amount financed and how much interest would be incurred after years of paying the car loan. The loan has the actual sales price of the car with taxes, title and warranty. AT...

The car was $10,000 but agreed to sell it for $9000 with $5000 down that lowered the price to $4000 + Warranty (attached) $1295 + $1600 (taxes, plates, fees ect) = (roughly give or take rounding it up) $7000. The $7000 x.1149 = $804.30 (per year) x 4 years is exactly = $10,217.20 The the monthly...

I didn't see the loan contract because the finance manager used my signature from the loan installment agreement. I never seen the actual price of the car because he never showed it to me. (he hid this from me because it had all the numbers, if I would've seen the numbers then I would've NEVER...

What the finance manager said before and after the agreement is that "as long as the loan is paid off within the first few months of the contract the payoff for the car will be $7,000 rather then $11,500"

I'm located in NY and the "one-rule consent" does apply.

The agreement was that "as long as I payoff the car loan within the first few months of the financed loan, the payoff price would be $7000" but if the loan wasn't paid within that time period the loan would be $11,500 (as it is right now). I signed the agreement after being told this. I recently...