Car Financing (the "amount financed" is more than the car is worth)

[1sammers1]

The "amount financed" is 5000.00 more than the car is worth. Why is that?

[Disagreeable]

re: Car Financing (the "amount financed" is more than the car is worth)

Look at your financing agreement and sales contract. There are all kinds of additional add ons you may have signed for, in addition to the loan interest at a high rate.

[Friend In Court]

Re: Car Financing (the "amount financed" is more than the car is worth)

The "amount financed" is 5000.00 more than the car is worth. Why is that?

Because you agreed to it. Car prices are negotiable. Additional fees can be stacked on by the dealer. Whether they are justified or not is up to the individual before he signs the contract to finance the vehicle.