Legal Question in Consumer Law in Florida

My husband saw an ad for a 94 Infini Q45 for $2995(wholesale), had 136,000 miles on it. We went to check it out, they said they could finance it themselves. I gave them $500 cash & traded my 92 Volvo wagon, they gave me $250 for it. On the contract, my balance after fees & taxes was $3929.61. The payments are steep, $187.34 biweekly, total payments 24. I noticed on my receipt after my 2nd payment that was balance wasn't going down. It went up to $4131.68.The interest rate is 28%. I asked them about this and was told that I accrued daily interest. I've combed through my contract & I didnt see anything about being charged daily interest. I will never be able to pay off this car off! I've brought other cars before and was never charged anything like this. I thought your payments was subtracted from the balance on your contract. I feel I'm being taken for a ride, because I've got bad credit & they are a "buy here, pay here" lot. Is this legal? What can I do?

Asked on 9/25/09, 6:19 pm

Angelo Marino Angelo Marino Jr. PA

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0 attorneys agreed

Hire an attorney who does auto fraud cases and contact the state attorney's office of the consumer protection divison.

see my web site for help www.ConsumerLawyerHelp.com

Good Luck!

Answered on 9/26/09, 9:44 am

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