Fast Tracks: Paying to Cut the Line

Who the hell is putting up the capital for this? It sounds like a lot of risk to whoever is the source of the cash.
 
Who the hell is putting up the capital for this? It sounds like a lot of risk to whoever is the source of the cash.
12% interest rate? Then when the buyer can't pay repossess the car and lend it back out?

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I'm 100% sure you are correct. I made it clear I would have the truck paid down in 3 years regardless of what the load term was, fortunately they can't knock you for accelerating your payments. But I was not presented a single loan under 96 months. Who the fuck is actually paying for a new car for 144 months.. (yes that was an option presented). Seems as predatory as balloon mortgages.

So they can sell you gap insurance ?
 
I'm 100% sure you are correct. I made it clear I would have the truck paid down in 3 years regardless of what the load term was, fortunately they can't knock you for accelerating your payments. But I was not presented a single loan under 96 months. Who the fuck is actually paying for a new car for 144 months.. (yes that was an option presented). Seems as predatory as balloon mortgages.
When I show up with “cash” I get the stink eye too
 
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I got zero percent on my Impreza last year but I still gave them a big down payment because I accumulate miles so quickly. The sales guy really seemed to try to discourage it. I was really baffled by that. If I was paying a few points I could sort of understand but what difference does it make at zero percent?
 
I got zero percent on my Impreza last year but I still gave them a big down payment because I accumulate miles so quickly. The sales guy really seemed to try to discourage it. I was really baffled by that. If I was paying a few points I could sort of understand but what difference does it make at zero percent?
why put money down. Just make the higher payment and keep the cash or do something else with it. You could have bought you and the kids fast passes with that money.
 
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