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What the high interest rates that can be charge on an auto loan in Texas ? |
What the high interest rates that can be charge on an auto loan in Texas ? As much as you're gullable enough to pay! Are you getting financed at a dealership? Do you know finance departments MAKE money on financing? The higher the rate they sell you, the more money they make. The ones that do their OWN financing are mere crooks! Get a loan on your own. TX has very complex usury laws that actually protect consumers better than most other states. You'd need to consult with an attorney to get a straight answer. But if you're borrowing from a mainstream lender -- a bank or credit union -- you can be reasonably sure that any rate quoted is legal. |
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