This is just a quick question really for people who understand it.
I never really bought anything on finance but my dad dragged me into it. He has bought a car on finance and I feel he has been ripped off.
I can't remember the exact figures.
He is buying a car on hire purchase agreement
Basicly hes buying a 2nd hand ford for 9200 pounds, they are taking his old car as a deposit and part ex.
Overall hes buying the car for around 7200 pounds roughly.
I think the amount of interest hes paying is very steep. I am just wondering how much roughly he should be paying interest wise in terms of a figure or % I just want to see how close it is to the figure he's paying :s
I never really bought anything on finance but my dad dragged me into it. He has bought a car on finance and I feel he has been ripped off.
I can't remember the exact figures.
He is buying a car on hire purchase agreement
Basicly hes buying a 2nd hand ford for 9200 pounds, they are taking his old car as a deposit and part ex.
Overall hes buying the car for around 7200 pounds roughly.
I think the amount of interest hes paying is very steep. I am just wondering how much roughly he should be paying interest wise in terms of a figure or % I just want to see how close it is to the figure he's paying :s
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