I may have misspoken, the car was purchased for 13k, hardly driven (so no real mileage or condition change) and the car bluebooks at 7k. It was obviously a poor purchase decision, but I’m shocked that she was able to get a 13k loan on a car worth only 7k.
Thanks, I think. I was thrown off by the value of the loan. Seems odd / predatory to grant a loan for almost double the price of a vehicle.
Also seems odd to owe 6k in debt after having a car for 90 days and missing a payment?
I recently hired a nanny and she is having financial trouble. She purchased a car in February ‘19, made her first payment and missed the second. The car was repossessed last week. She was originally told that it would be $1400 to get the car back, which, I was willing to help her with now that...