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I bought a 2017 Ford F150 in Virginia. The dealer, which was also pretty shady, said I had a low credit score (Which apparently I actually didn't, my fault for not checking first) and the only company that would give an auto loan was Wells Fargo Dealer Services at 8%.

I thought it was high, of course, but was going to pay it off anyways. HOWEVER, every penny you put over the initial owed monthly amount DOES NOT go to principle like it should. They will soak you for every penny.

Their website never works either and they are incredibly hard to get in contact with. Read the reviews....stay away from WELLS FARGO.

Product or Service Mentioned: Wells Fargo Dealer Services Auto Loan.

Reason of review: Pricing issue.

Monetary Loss: $1200.

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Anonymous
#1467722

Have a loan right now says 9% Interest I beleive it’s compound interest Any ways Been paying every month 3 1/2 Years 474$. A month for.

Nice car I fixed up to my likings Well anyways. Out of the 474 $ only i would say 300$ of that goes towards my loan. And it use to be way worse before it was 50 % interest. I was so upset.

I am just paying it off never again. Check next time where is yourMoney going

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