My bad!!! I am an idiot!

[tommyp]

I am dumb

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[LOGS]

following...

 

[tommyp]

Yea

 

[Gren71]

did they give you any reason for it?

 

[tommyp]

I need to buy cars more often

 

[LOGS]

Did they explain why the extra charge? I appreciate you sharing this since I was planning on going through Grupton if my local dealer couldn't get close to them and would finance. I'll bring this up when I order.

 

[tommyp]

it was just interest on yhe loan.

 

[Free2roam]

Check out Eliott at SLC valley Jeep. I got 8% off there. Didn't notice any extra charges. Guess I'll have to look now and report back.

 

[Gruffid]

So, did you still get 8% off of invoice? Was the 8% contingent on financing with them?

 

[TommyGp]

If you take your total of payments and subtract the amount financed I'm betting that equals the finance charge. All that is telling you is that you have financed $27,727.5 and if you pay all 60 payments as planned you will wind up paying a total of $29,772.60. The difference is the interest you will have paid over the 60 months. It is not an additional $2k fee.

 

[JP1]

If you take your total of payments and subtract the amount financed I'm betting that equals the finance charge. All that is telling you is that you have financed $27,727.5 and if you pay all 60 payments as planned you will wind up paying a total of $29,772.60. The difference is the interest you will have paid over the 60 months. It is not an additional $2k fee.

I think you're right, it says "TOTAL TIME PRICE" which would be the total out of pocket for duration of the note.

$27,727.50
60 [email protected]%
$29,772.00 60 mos @ $496.00

 

[Jerhemi]

What was said above. That is what you will be paying in interest over the course of your payments.

Finance charges applied to a car loan are the actual charges for the cost of borrowing the money needed to purchase your car. The finance charge that is associated with your car loan is directly contingent upon three variables: loan amount, interest rate, and loan term.

 

[Rozik169]

it Looks like u got a good deal to me

 

[Higher_Ground]

I financed ~28k for 60 months and my monthly payment is $499

I think you are just having that sort of panic moment that happens with any big purchase.

 

[ShrimpHappens]

It's simply the sum total of the interest over the life of the loan. No bamboozling.

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