for many reasons, its one of the highest you can get 19% what can I do to lower that? And once I sign the loan payments (which was financed by the dealership) can I return the vehicle? How many days do I have? I%26#039;m in California.
I just bought a car with a really high interest rate on the loan..?
DAMN!! Why so high?!? I just got out of bankruptcy and financed one 2 weeks later and got 8.5%. I don%26#039;t know about CA, I%26#039;m in FL here we have 3 days to return the vehicle without penalty. Of course I don%26#039;t think that means that they necessarily have to return your trade to you, they just have to give your money back for the one you purchased.
I just bought a car with a really high interest rate on the loan..?
Why would you do that? It seems incredibly high. Call a lawyer and see if you have any rights.
I just bought a car with a really high interest rate on the loan..?
Try this....find out the amount you owe...shop for loans.tell the dealer you%26#039;ve got a bank,creditor that is willing to give you a loan for the remainder of the balance at a much lower rate....if you can%26#039;t afford it that%26#039;s another story
I just bought a car with a really high interest rate on the loan..?
You apparently bought from a %26quot;buy-here-pay-here%26quot; used car dealer who finances his own loans. These dealers charge the highest interest rates allowed by state laws, regardless of your credit score. They will reposses your car if you are even a little late on one payment, and they put the car back on their lot, waiting for the next sucker.
You can%26#039;t take it back. There are no laws that give you the right to cancel an automobile purchase, even in Florida, as one of the other answerers incorrectly stated.
Your best option is to try to get another loan, assuming you have a good credit score, and pay off the %26quot;bad%26quot; loan.
I just bought a car with a really high interest rate on the loan..?
enjoy your new car.
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