Thanks for the (good) advice. We are not in CA but all the states are trying to find ways to get crypto gains... :-(

So bit of an update.

I emailed WestLake about why the interest payment is much higher than the principal and received no response.

A few days ago, our 2nd payment was due and this time, the interest was MUCH less than the principal... Basically the way it should be.
...

Thanks for the link!

Thanks for the perspective. We were actually pretty ecstatic to get that rate since we are in active bankruptcy.

Hi,

We recently were able to purchase our leased truck from Chrysler using subprime lender Westlake Financial.

We got a rate of 9.49% which seemed pretty good, given the circumstances.

When I went to plug the loan details into Quicken, however, for the given amount,...