SUBMITTED: Friday, September 01, 2006
POSTED: Friday, September 01, 2006
I'm sorry folks, I understand your frustration if you thought your vehicles were nearing payoff and then found out you had a remaining balance, but I can't stop failing to understand how you could claim you were unaware of the terms of your financing. These were CONTRACTUAL terms and were spelled out in whatever purchase agreement/note that YOU signed. Was it a bad deal? Probably, but the bottom line is if you don't READ something before signing, and I mean EVERY word, then who is really to blame here?
And please, before you start firing back, I have no affilliation with any auto manufacturer, dealership, or anyone else connected with this issue. I do happen to be a banker though, and ofer this advice as simply an educational tool for yourselves or others for future dealings.
Banker John