learncontinuously
New Member
- 1
I live in Illinois. I just purchased a new car at a local toyota dealership. They approved me for 0% financing. My wife and I was very happy. Now, I have to pay around $400 a month which we can barely afford it. In the process of purchasing. We have been told that all we need to do is "go to your insurance company and update your information and your new car." I never be told that I need a full coverage on the new car. I did not know it either. Then, in the next day of purchasing. I went to my insurance company and they told me over 99% of the financing car need to pay for full coverage which is around $210 per month. It is extremely hard for me to handle this based on my financial situation now.
Then I went home double check the contract. It did have this registration. However, the guy in the dealership never went through it with me. If he did, I will no buy the car because I cannot afford it.
What should I do now? Please help and give advise. Thanks!!!
Then I went home double check the contract. It did have this registration. However, the guy in the dealership never went through it with me. If he did, I will no buy the car because I cannot afford it.
What should I do now? Please help and give advise. Thanks!!!