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1 year no interest no payments.. need info.

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Old Oct 30, 2002, 02:30 PM
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Post 1 year no interest no payments.. need info.

I bought my OZ Lancer in March and they were running the no interest no payments for a year deal. The dealership I went to told me my payments would start in December. I asked about the "year" and they said it was just till the end of the year.. Mitsu called me about a change of address a few weeks ago and I asked them about my payments and they said I should have gotten the "year".. anyone else run into this?? Anyone here got their car in March or prior when do your payments start?

Thanks guys if the dealership screwed me out of half my time I'm gonna be angry wid dem.. real angry... =)
Old Oct 30, 2002, 02:33 PM
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I only got nine months without payments and a **** load of interest you might wanna see what your total payoff for your car is odds are it will probably be close to 5000 over the total of your car.
Old Oct 30, 2002, 03:03 PM
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Year

Well when you bought your car you signed a contract.
I remember mine said exactly when the first payment was due. Maybe if you have that around check it, it should say.

Dealers will usually gloss over you contract just to get you to sign and take the car that's why you gotta be really careful and take your time to read everything.
Old Oct 30, 2002, 03:05 PM
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hum mine dont start till aug next year i got my car in mid july i get almost 13months thats what the fine pring says do by like the 390th day
Old Oct 30, 2002, 03:50 PM
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i got mine in the middle of april and i wont be making my first official payment til this coming april - - - - ill probably try to refinance as well through my bank or something - - - mitsu rapes you with the interest rate (after the first year) since they let you have it for a year without paying for it . . . . .
Old Oct 30, 2002, 04:17 PM
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Why you guys didn't make some payment? At least wipe some of the principle away.

After the deal, what's you APR? I was wondering how mitsu juggle this.
Old Oct 30, 2002, 05:19 PM
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It should be 1 year or 390 days or the likes, it varied depending on when you signed.
What this should do is allow you to save for a year hopefully about $5k or more and put that down as a down payment and refinance through a bank NEVER use credit as it will be some rediculous amount bordering on usury. Get it through a bank or through lendingtree or something. But you should save a bunch and put it all down so your payments aren't too much.
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