essexcredit charges $459 loan fee
For those of you who have financed with essex (or other companies), did u pay a closing/processing fee? Just got approved for a loan today at 4.59/10 yrs (it's the American way :) for a 2013 torque 30...
Forum Discussion
Ah I see. You're were assuming equal monthly payments.
"This fee, if expressed as interest on your loan, would be 4.75%!!!!!"
That is the quote that confused me. I think the quote would have been better if it said "This fee, if expressed as interest on your loan, would add about .3 percentage points to the loan percentage rate." That may not be worth 5 exclamation points. :)
"This fee, if expressed as interest on your loan, would be 4.75%!!!!!"
That is the quote that confused me. I think the quote would have been better if it said "This fee, if expressed as interest on your loan, would add about .3 percentage points to the loan percentage rate." That may not be worth 5 exclamation points. :)
