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Just heard a guy in the shop say "nobody reads the contract, they just hear the monthly number" and it hit hard
He works at a dealer in Mesa and said buyers only ask "what's the payment" while the finance guy stretches the term to 84 months without them even noticing. My own loan is 6 years on a car worth $4,000 less than I owe, and I signed it in the same 20 minutes he described. How many of you walked out without ever adding up the total cost?
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ruby_foster9319d ago
That line about stretching the term to 84 months is exactly what happened to my buddy, he was so focused on the $340 payment he never asked what the car actually cost him. Three years later he's still upside down and stuck.
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