I bought a car from a dealer and a separate company in finance and has offered to 9% interest bearing variable, now the finance company went into bankruptcy. He was then by another corporation, who have now taken over the interest rate increases to 30%. I’ve never missed a payment and always paid my previous car finance deals ahead of the long-term agreement. I know, he said variable interest rates, but certainly an increase of 21% is unfair answer

Age of Reason
Yes, it is what it means VARIABLE. Changes in interest rates would suggest you find another lender to refinance. Try the bank where you have your checking account