I ran an automobile finance division for a bank in the 90's. With the upfront payments into consideration, you would be amazed at the equivalent APR that's charged.
Leasing is a viable alternative for certain people without a sizeable down payment. Since you never own the car you have no or negative equity at the end. Once you lease you lease forever,
Ripped off, I doubt it, leasing rates are highly competitive.
I am not sure if Fl has a buyers remorse law.
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