when financing a car can a finance company charge you a fee tht is about the price of the car?

finance company charge 7000.00 to finance car that was priced for sale at 10,000 is there any laws against this.

Public Comments

1. welcome to the harsh reality of compound interest. Now you understand why many people choose to save ahead of time and buy an older used car with cash. yes, its perfectly legal.
2. The figure you are probably looking at is the interest that you will pay over the life of the loan and YES, it is a depressing figure to see exactly how much it really costs to borrow money.