How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Alex J. Esq. Your Own Question
Alex J. Esq.
Alex J. Esq., Attorney at Law
Category: Legal
Satisfied Customers: 16630
Experience:  Experienced Licensed Attorney
Type Your Legal Question Here...
Alex J. Esq. is online now
A new question is answered every 9 seconds

I have this delimma with a buy here pay here car lot Amigo

Customer Question

My name is***** and i have this delimma with a buy here pay here car lot Amigo Auto Sales. I've payed several extra payments towards the truck I'm purchasing . The delimma is is that the finance department isn't giving me any credit for the payments I've payed in advance but instead they've applied the extra payments as if there regular monthly payments. AS a result the more i pay the more they're taking in interest.
JA: What state is this in? And how old is the truck?
Customer: Georgia and its a 2006 model
JA: Has anything been filed or reported?
Customer: No
JA: Anything else you want the lawyer to know before I connect you?
Customer: Thats it.
Submitted: 8 months ago.
Category: Legal
Expert:  Alex J. Esq. replied 8 months ago.

Hello. My name is Alex.
Thank you for your question.
I will be happy to provide you with information you are seeking for educational purposes only.

Unfortunately, that is common accounting / billing practice when it comes to the auto financing and even major auto finance companies do apply extra payments toward the future payments and not toward the balance left and unfortunately, unless otherwise stated in the written finance agreement, such practice is not only legal but also very common with auto finance loans.

I wish you the best of luck!

Expert:  Alex J. Esq. replied 8 months ago.

Please let me know if you have any related follow up questions?
If not, please positively rate and accept my answer, so I can be compensated for my work.
Thank you.

Related Legal Questions