My bad!!! I am an idiot!

[Jason Oliver]

There have to be more details to this...

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[Green_Gladiator]

 

[tommyp]

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.

ah your right I am an idiot.

 

[TommyGp]

ah your right I am an idiot.

happens to everyone at some point. Glad you're ok.

 

[tommyp]

happens to everyone at some point. Glad you're ok.

Thanks rough day today.

 

[CMac]

ah your right I am an idiot.

Hey man.....some silver lining: at least you saw it.

Now, at the end of the day, who cares? In two weeks, everyone in here will be all "tommyp who?"

So....enjoy your Jeep....revel in the sweet deal you got.

Salut!

 

[tommyp]

Hey man.....some silver lining: at least you saw it.

Now, at the end of the day, who cares? In two weeks, everyone in here will be all "tommyp who?"

So....enjoy your Jeep....revel in the sweet deal you got.

Salut!

it Looks like u got a good deal to me

I did get a good deal. There was a bunch of money down so it was much more than financed but still a great deal.

 

[Tar Heel Wrangler]

Yeah, you panicked a bit. Happens to everyone.

One thing a dealer can take advantage of during financing is to have a finance reserve (dealer reserve) without your knowledge. You have to ask questions, maybe take a look at their screen if they'll let you. I know I've been taken advantage of in the past. Recently I got a preapproval with the vendor's preferred lender so I knew my rate without any reserve before going in. I always have a backup plan if needed (my credit union rate). I'm learning.

"Dealers make their commission through what is known as a finance reserve. This is an extra percentage added to your interest rate - usually 1 to 3%.

 

[tommyp]

Yeah, you panicked a bit. Happens to everyone.

One thing a dealer can take advantage of during financing is to have a finance reserve (dealer reserve) without your knowledge. You have to ask questions, maybe take a look at their screen if they'll let you. I know I've been taken advantage of in the past. Recently I got a preapproval with the vendor's preferred lender so I knew my rate without any reserve before going in. I always have a backup plan if needed (my credit union rate). I'm learning.

"Dealers make their commission through what is known as a finance reserve. This is an extra percentage added to your interest rate - usually 1 to 3%.

Yea I usually just finance through my credit union but they were kinda uncompetitive on new stuff.

 

[AZCooWhip]

Oh ...why not.

 

[Caraholic]

I don’t see anything from the op first lines….

 

[tommyp]

I don’t see anything from the op first lines….

I removed it because it was not true.

 

[Jtleng]

I am dumb

You’re not an Idiot, don’t look at the that number, It can lead to depression and anal leakage ?

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