One Comment

1. Sgt Big Red says:
   June 8, 2010 at 12:46 am

   Under Title XXXIII, Chpt 516: Consumer Finance the maximum finance charge is as follows:
   The maximum interest rate shall be 30 percent per annum, computed on the first $2,000 of the principal amount as computed from time to time; 24 percent per annum on that part of the principal amount as computed from time to time exceeding $2,000 and not exceeding $3,000; and 18 percent per annum on that part of the principal amount as computed from time to time exceeding $3,000 and not exceeding $25,000. The original principal amount as used in this section shall be the same

   So it would depend upon the sale price of the vehicle.

   Hope this helps answer your question