I believe that the 36,000 for it is on the high side. That would bring about 26,000 in Texas. However, one buys what one wants and most times, if they can afford it, price doesn't play that much of an deal. But I sure would not pay 14.5% interest on that amount.
Banks and loaners, base the rates on risk/reward and it sure sounds like they have little faith in your ability to repay the loan. Versus what the thing would bring IF you failed to honor the note. So they charge more, to cover the down side on the repo.
