The penalty is paying the last month's interest. It could be worse.

 

Even with my 2004 bankruptcy I got a simple interest loan at 7.5% on my SAAB wagon. I did put 2500 down, and payoff is listed on every payment.

 

I uh, am, uh, don't know what to say. Seriously?

Did your parents/schools tech you absolutely nothing about life, and finances? Interest? Money in general?

I mean I have a 6 year old nephew that could have advised you that you were getting bent over.

I have wanted a lot of cars for a long time, but never thought about sacrificing my financial stability or future for them. Go take some classes on personal finance and budgeting. PLEASE!

 

I thought it was a regulation that any money above the payment amount has to be applied to the principle. Is this "bank" in little italy and do the "employees" all have nicknames?