Answered on Apr 15th, 2016 at 5:35 PM
This is a very common practice. What happened, in this case, is that they added the balance you had in your 2014 Toyota and added to your new BMW balance. You probably have a high-interest rate too. When I see cases like this the consumer has between 14 to 20% APR.
My suggestion in your case is to go the Credit Union and try to refinance the car. That way you can negotiate down the interest rate.