Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
In order to keep payments down, car dealers and lenders will extend the term of the loan to 48 or even 96 months, leaving consumers with a car payment far into the life of the car, or, sometimes, long after the car has already been scrapped.