Quote:
Originally Posted by kccrow
When I sold cars a while back, it was fairly normal for most lenders not to extend credit terms in excess of 48 months on used vehicles over a certain age (IIRC it was 6 years old). Most of them use age tiers, such as 6-12 years old = up to 48 months, 3-6 years old = up to 60 months, and less than 3 years old up to 72 months. I'm guessing that is the issue with the lender and the reason for the terms request denial for 60 months.
As for the back-end additions to the fees, you really have to check your contract. I'm not sure if you had any additional terms to the purchase such as an extended warranty, paint protection, etc. Seems shady if they have a normal set fee and you didn't change/add anything.
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You are correct, crow...but IF administration fee is higher, ease case in small claims court. No need for an attorney.