financeAuto Loan
#RI-69f84848·5 months ago·
1
“I bought a truck with a high-interest loan.”
What Actually Happened
I bought a truck with a 15.24% interest rate and now have a huge payment. I'm confused by how much interest has accrued and why my loan balance is still so high.
What I wish I knew
"I wish I understood how quickly interest accrues on a large, high-interest loan."
Advice to Someone Facing This Now
If I could tell you one thing
"Don't let excitement over a nice vehicle lead you to sign for a loan you can't afford."
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
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finance Category
373
finance decisions logged. Avg regret 4.5/10 across the category.
Same Outcome Band
25%
of finance decisions land in the severe band the same as this one.
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