i want to get a car, i need to know what is the higest rate, a loan can be financed for. one of my friends got a car loan and her rate is 22.5 percent. that sounds very high. and what can she do to get out of it.
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what is the higest rate a loan can be financed for a car in indiana.?
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A person can refinance a car loan just like they can refinance a mortgage. Shop around at banks in your area. 22.5 percent on any loan is, in my opinion, immoral and loan sharking.
Contact the Indiana Consumer Services division to find out what the maximum interest can be on a car loan in your state:
http://www.in.gov/attorneygeneral/consumer/index.html