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Old 07-29-2020, 10:18 AM   #52
Xaxas
 
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Drives: 2019 2SS 1LE
Join Date: Mar 2020
Location: Florida
Posts: 105
Quote:
Originally Posted by ember1205 View Post
Yes, this is extremely common. I always look at the general terms and conditions on the Installment Loan Contract to look for things like Prepayment Penalty and won't sign unless it says "no" or "none."
Called GM Financial 2 weeks ago, paying $110 over min to have neutral/positive equity faster to refinance with someone else, asked if my account could be set up so that any payments over the min goes towards the principal and they told me "nope, every time you pay over the min, you have to contact us to inform us of this so we can make sure it goes towards to principal"
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Previous: 2017 2LT aka "Noire"
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