Check the dealer's payment before you sign.
A payment that is a little high usually means something was added to the loan. Send Mike the amount financed, the payment, the rate and the months. He checks it and tells you what is hiding in it.
Your first three questions need no account, and your first photo card is free. Start free, no card.
What a padded payment looks like
Service contracts, GAP, paint protection and etching often go into the loan without a line on the first sheet you see. Mike works out how much the payment really pays off, so the gap shows up as a dollar amount.
No rate quoted?
Mike works out the APR that payment really implies, so you can compare it with your bank or credit union. Arithmetic on the numbers you give. Mike never guesses your sales tax rate, and lists any default he used. It is not financial advice.
FAQ
What is the amount financed?
The price plus tax and fees, minus your trade equity and down payment. It is on the buyer's order and the retail installment contract.
What if the payment is lower than it should be?
Check the term. A longer loan lowers the payment and raises the total you pay. Mike flags that too.
How much does Mike AI cost?
Free to try. 7 days free with no card, then $9.99 a month, or $19.99 a month for Plus. Cancel anytime.
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