Quote:
Originally posted by Griff
They're not big on Jesus but your idea of showing them the interest accrued might work. Maybe I should send someone they don't know the figures, he could paste them in an anonymous e-mail...
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Many people, for whatever reason, are blind to the accrued interest problem. They only see the monthly payment, and if it's a payment they can meet, they think they've got a good deal, regardless of the term of the loan or the interest rate.
Many car salesmen, when they're talking numbers, won't even bring up the price of the car or the interest rate, they'll just ask the buyer what they want the monthly payment to be, and work around that. Sure, those numbers will be on the paperwork, but they're delightfully easy to ignore. It's sad.