US Bank, MILES Military Program Rip Off says they will get you a great deal on an auto loan; interest is sky high at 17.95%; hard to trade in for a new car Sierra Vista Arizona

last november i was stationed at Ft. Huachuca, AZ. i was looking to purchase a vehicle so i started my search at Lawley Automotive Dealer in Sierra Vista right outside of Ft. Huchuca. while i couldnt find a good car the dealer was persistant in finding one that would make me buy it. well..it worked. after searching for a little over a month, i returned to the dealer after the salesman had left me a message stating he had a found a car that i was sure to love.

later that day i went down to the dealership, looked at the car, and after reviewing the car and test driving it, i was sure it was the car for me. promising to get me the best monthly payment and interest rate.everything sounded great until i started adding up the amount of money i was actually gonna spend on the car at the end of it. the car was roughly $16-17,000; in actuality i was spending $25,000 on the car when i added the interest to it. 17.95% on a $16,000 loan; absolutely ridiculous. but buy the time i actually had the time to sit down and calculate everything, i had taken the car home.

i didnt want to be stuck in this blackhole forever so i looked into trading it in for another car with a better payment plan and lower interest. no one wanted to pay off the car so that it would be traded in and i dont blame them. a friend of mine also purchased a car through the same program and dealer and experience the same difficulties with money as i had; waiting for our bi-weekly paycheck hoping we'd have money to spare for weekend once our car payment was taken out.

after months of trying to buy a new car, my friend finally found a dealership who would pay off the balance in order for him to lease another one. i dont know exactly what can be done for me being that im currently deployed to Iraq; but i would hope that when i get home that i would be able to get another car..is there anyway you can help me?

Desiree
Peterson AFB, Colorado
U.S.A.