No 18% for me

[Keithh1632]

A car loan of 13,500 dollars equals over 8,900 dollars of interest paid over a 6 year period at 18%. The payment book will out last the car. No thanks.

[kornellred]

What's your point?

[HHM]

Definitely not a good deal.

[jcsawyer]

Try having a car at 22%!!! I swear it will never get paid down unless I throw it in to Bankruptcy! I feel your pain with that one!

[bcohen]

What's your point?

The point which the OP was trying to make before you so rudely interrupted is that when your credit sucks, predatory lenders offer financing on very onerous terms, which often result in defaulting on the loan. Of course, if you file for bankruptcy, depending on what chapter is filed, and how long you owned the car, you can "cram down" the loan or redeem for current value.

[papie]

The point which the OP was trying to make before you so rudely interrupted is that when your credit sucks, predatory lenders offer financing on very onerous terms, which often result in defaulting on the loan. Of course, if you file for bankruptcy, depending on what chapter is filed, and how long you owned the car, you can "cram down" the loan or redeem for current value.

Interrupted what? The OP said nothing else, and still hasn't said anything else.

OP asked some days ago about how to obtain financing for a car while in a Chapter 13, and he was given advice on how to do that. The point is, when you are in active bankruptcy, lending to you is a huge risk, and that means all lenders (predatory and non-predatory) want to cover their ass by means of a very high interest rate.

[jcsawyer]

papie i think what bcohen is trying to say is that you came across a little snarky. We are all here for help and support and that really needs to be remembered. Coming across as snarky or rude isn't necessary.