We ended up with this "loan" because we decided to purchase a USED quad axal from LACROSSE TRUCK CENTER. We weren't given a choice this was the financing they put in place. The truck was $65,000 (KEEP THAT IN MIND) in 2023. The way this was done wrecked our credit because it looks like a BAD CREDIT LOAN. They don't do interest rates everything is done as a FINANCE charge. They payment started at $1515/ month. Before we made our first payment it was$1678. Then it was over $1700 went up AGAIN to $1803. They don't send out ANY info about what you owe, how the breakdown of the payment is done etc just a slip that tells what the payment is. If you call and try to get info it's like pulling teeth and they will only tell you the "FORMULA " they use to decide on the finance charges. So, we paid on this loan for 2 YEARS and our balance was still at $64,000. I tried to get info and couldn't get any help from them. We paid over $35,000 and it only went down about $1000......I understand from what they claim the finance charge is front loaded but it still doesn't make any sense.... they are running some sort of legal scam!! DO NOT DO BUSINESS WITH THIS COMPANY!!!!
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Amur Equipment Finance started in 1996 in Grand Island, Nebraska. Following a significant capital investment in 2013, and a strengthening of its leadership team beginning in 2015, it has evolved into one of the largest independent equipment finance companies. AmurEF employs 145 employees nationally and has almost doubled its workforce in recent years. Today, it is a Top Five nationally ranked independent commercial equipment finance provider and a certified Great Place to Work® dedicated to ensuring that its customers and employees around the nation are equipped to grow and succeed. AmurEF directly serves business owners as well as broker and vendor origination partners in equipment-intensive industries including transportation, construction, commercial and industrial equipment, technology, food service, agriculture, packaging, and energy. AmurEF is active in both small-ticket and middle market financing, originating $10K to $2MM transactions across a wide range of credit profiles and with terms of up to 84 months.
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