This Insane Loan Term On A Used Porsche Shows That Even Rich People Can Be Dumb At Math

It’s easy to get on your high horse and look down on people who have found themselves in a tough financial spot because they didn’t do the math before they bought their car, or because they need a car so badly they had to take on a rough deal. But this loan term on a six-figure Porsche Cayman GT4 reveals that money…

How Wells Fargo Screwed $80 Million Out Of Customers Using Unnecessary Car Insurance

A week after New York resident Juan Thomas bought a 2004 BMW 745i, in December 2012, the bank that financed the purchase—Wells Fargo—contacted him to say that he needed additional auto insurance for the vehicle. This was a bit odd, mainly because the car was already insured. “It didn’t sound right to me,” Thomas said.…

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