Quote:
Originally Posted by ember1205
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."
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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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Current: 2019 2SS 1LE aka "Blanc"
Previous: 2017 2LT aka "Noire"
Mods: Chevrolet Performance Suspension || K&N Cold Air Intake || Borla ATAK Mufflers + Catback system || MRR 650 ZL1 replicas with squared 285/30 Michelin Pilot Sport 4S || ZZP 4 piston brake kit + braided brake lines || BMR everything (Solid/Lockout cradle bushing are a MUST in Camaros)