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Voluntary termination issue - please help

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  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    =rizla= wrote: »
    I must be getting old and trusted by the banks, 17% seems a lot to me?
    Indeed. It's borderline usury. But that doesn't mean it's way out of whack with what a sub-prime finance place would charge.
  • Cornucopia
    Cornucopia Posts: 16,472 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Isn't it £3000 over 60 months with £1000 interest?

    Therefore about 12%.

    About 5 or 6 years ago, I asked a car dealer what the APR was for the finance he was proposing, and he replied (without any visible sign of irony, shame or humour) "29.9%".
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