Hi all, not sure where to post this so if anyone has a better place let me know.
So I recently bought my first car. Its a used 2016 Honda Civic LX with 35,000 miles. It was $13,000 and I put $4,000 down. I got my first statement today and it says I have left to pay off $13,700. My mom says that its because they took my $4,000 entirely in interest for the loan. Is this true?
Is there anything I can do here? I don't think it seems fair to charge more in interest than my downpayment on a loan I haven't even begun making payments to. If I knew my $4,000 was gonna be eaten entirely by interest I would've bought a car off of fucking craigslist.
Thanks for your advice.
Submitted April 30, 2019 at 09:18AM by Meydez http://bit.ly/2Webim7
