Lesson learned the hardway

Back when I was just 18 and finally old enough to get a loan for a car I jumped at the opprotunity to get a $5000 loan, did not look at any paperwork just signed my name with a great big smile on my face. Little did I know this loan was carrying a 29% interest rate, and by the end of it I ended up paying around $12,000 for the car. A costly lesson, but a lesson none the less. Always make sure you know what your getting yourself into with any type of loan.