A Northern California first-time car buyer recently shared a cautionary tale on Reddit that has many consumers asking: When does a sweet financing deal turn into a trap?
In the post, the first-time buyer described how an apparently generous car financing deal unraveled once he read the fine print. According to his account, the finance manager at the dealership quoted him a solid out-the-door price for a new vehicle and mentioned a 1.9 percent promotional interest rate, contingent on his credit.
