Motor Finance Corporation
Bank-Law-Contravention?

I bought a Chevy Spark for Approximately R105 000 charges etc raised all to R136000 - Paid 18-Months and MOSTLY remained "IN ADVANCE! " - Last Month I requested detailed update of Statements since the day I purchased. Just to learn I now OWE R145000!!!?!!! So yes - maybe next year - another R11000 more making it R155 000??? REALLY!! No capital down - interest of such nature that I would end up owing Twice the amount I bought the car for - after 5 years??
What corporal/business RIP-OFF is this by MFC? I feel like driving the car into a tree!!!
After consideration - I think I should turn totally capitilised - give back the car and pay remainder interest of and use my 2nd car!! Never MFC again!! - Maybe they are all like this? Cars - CAPITAL all the way!!

Company: Motor Finance Corporation
Country: South Africa
City: Benoni/Kempton

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