Get all your news in one place.
100's of premium titles.
One app.
Start reading
Motor1
Motor1
Business
Stacy Fernandez

Man Buys $38,000 Kia. Then He Makes $37,000 In Payments. He Still Owes $28,000 On The Same Car

This man made the worst financial decision of his life when he traded in his old car. He’s now on the hook for tens of thousands of dollars, and despite paying off a healthy chunk of it, the interest just keeps adding up.

He’s sharing his story now in hopes that it doesn't happen to you. Here’s how a $5,000 repair bill landed him in a mountain of debt.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.