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2005 Dodge Magnum Contract Dispute

Posted on : 06-10-2008 | By : Legal Information | In : Business Law, Contract Law, Other Legal Topics, Terms of Service

1

I just recently bought a 2005 Dodge Magnum for $14,500. The problem is that it was advertised for $8,995. The interest rate is %23. Is this the correct fee for this purchase?

Answers (1)

That is 23% of the value of the loan each month. The final payments probably come out to that number. Couldn’t you find a better rate? I’m assuming that the purchase price was 8,995 plus tags and title. The dispute wouldn’t be with the dealer because they don’t hold the note, they just sold you the truck. Try to find a better interest rate (bank).

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