Consumer reviews and reports on scam companies, bad products and services
Leap Auto Loans
Highway Robbery
15th of Nov, 2011 by Indiver716
I was looking to buy the current vehicle I am leasing. The payoff amount is $20,000 Leap offered a range of down-payment and monthly payment plans, ranging from $4,800 down & $644/month for 5 years to $1,750 down & $745/month This equates to interest rates of around 45% and around 43%, which is ridiculous. It would be far cheaper to buy another car and get interest rates of 16-19% (with a poor credit rating).

The rep was very professional but these rates are highway robbery and this lender (based on their rates) seems to prey on the uninformed.

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