At first glance, loans from finance companies appear inexpensive – you make ten instalment payments and pay only an additional 10%. But that one tenth, converted to annual interest, is no longer just one tenth.

When you add on fees for closing the contract, for maintaining the loan, or for statements, your annual interest rate can exceed 30%.

Alternative "Moral of the story":
At first glance everything can look good or bad. Really knowing people or the numbers takes homework and sometimes continual conversation.