American Auto Financing Inc

Nov-13-15 11:57AM; Page 1Headquarters [redacted] Avenue, #A Santa Ana, California 92705Mailing Address PO, Rox [redacted] California 92735Phone; (714) 953-[redacted] • Fax (714) 953-[redacted]American Auto Financing Inc., has resolved this matter directly with the customer. We have remedied the...

problem and Mr. and Mrs. [redacted] are satisfied.Please contact the consumer for further information.Sincerely,American Auto Financing, Inc.

We have enclosed a copy of the letter mailed to our customer. Below is the response.American Auto Financing, Inc. would like to take the time to address your complaint with the Revdex.com. American Auto Financing Inc. financed $9394.00. This amount did not include any finance charges. You purchased your...

vehicle 6/25/2015 and the payment from the insurance company came in on 3/28/2016. Therefore, from the open date until the date the insurance check was received you accrued $1529.12 in finance charges. Your loan was written at a 21.99 APR. When we include the payment you made during this time of $2398.00 and what the insurance company paid $7125.40, the remaining balance due is $1399.72.Amount financed: $9394.00 Accrued Interest: S1529.12 Less Payments ($2398.00) Less Insurance (S7125.40) Balance due S1399.72As a financial institution we purchased the contract from the dealer ([redacted]). We did not receive the down payment. We are in the business of purchasing sales contracts from dealers. We advance the dealer the amount required to finance the purchase of vehicle. Consumers are then charged finance charges for borrowing this money. We hope this will help to clarify the balance remaining on your loan.