Please don't judge me, if you know the answer I would gladly appreciate it. So I bought a vehicle today and I was very flustered before signing papers WELL because I was in a pickle with getting insurance before leaving the lot. Anyway although I was reading the paper work I wasn't paying quite attention. I'm looking at the sales contract on the vehicle I purchased and my credit isn't great. Around 580 right now and I knew I wanted to refinance but my question is on the contract it shows the APR, finance charge, amount financed, and total sales.
My question is when I go to refinance do they refinance the total sale or the amount I financed the car for? The total sale price is about 5k more than the amount financed. Also is the APR the same as the finance charge or is that a different charge altogether? Thank you.
My question is when I go to refinance do they refinance the total sale or the amount I financed the car for? The total sale price is about 5k more than the amount financed. Also is the APR the same as the finance charge or is that a different charge altogether? Thank you.