Is my friend being ripped off?

She has pretty bad credit. However, she was able to finance a Suburban through one of those No Credit No Problem places. She said they paid $10,000, and she’s paying $500 a month on a 2 year note. She hasn’t missed a payment.

Well, I just found out from her ex that she’s leasing the truck! I don’t know much about how leasing works, but it was my understanding that if you have a substantial down payment and you lease, your payments should be pretty low. Her ex mumbled something about actually have put a large down payment down on the truck, but I don’t know how much.

Another thing she mentioned was that there a $2,500 pay off at the end of the terms.

She’s had the truck 8 months, and she checked her pay off balance, and it’s $9,000. That doesn’t sound right.

I think she may have really messed up. Is there anything we can do?