Home › Forums › Financial Markets/Economics › In Need of An Auto Loan
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November 8, 2009 at 11:22 PM #480090November 9, 2009 at 12:41 AM #479811jParticipant
Don’t do it!
Dealerships make bank off of loans to people with bad credit. Go with the “cheap” (low price) used car paid for with cash. My grandfather never bought a new car and he is a millionaire.
My best friend from high school said he talked to a neighbor of a friend who is a finance manager for a dealership. The “finance” manager said that he makes 4 points on loans. 4 points is a lot to pay a dealership for a loan, so they are charging people big time for those loans.
November 9, 2009 at 12:41 AM #479890jParticipantDon’t do it!
Dealerships make bank off of loans to people with bad credit. Go with the “cheap” (low price) used car paid for with cash. My grandfather never bought a new car and he is a millionaire.
My best friend from high school said he talked to a neighbor of a friend who is a finance manager for a dealership. The “finance” manager said that he makes 4 points on loans. 4 points is a lot to pay a dealership for a loan, so they are charging people big time for those loans.
November 9, 2009 at 12:41 AM #479445jParticipantDon’t do it!
Dealerships make bank off of loans to people with bad credit. Go with the “cheap” (low price) used car paid for with cash. My grandfather never bought a new car and he is a millionaire.
My best friend from high school said he talked to a neighbor of a friend who is a finance manager for a dealership. The “finance” manager said that he makes 4 points on loans. 4 points is a lot to pay a dealership for a loan, so they are charging people big time for those loans.
November 9, 2009 at 12:41 AM #479276jParticipantDon’t do it!
Dealerships make bank off of loans to people with bad credit. Go with the “cheap” (low price) used car paid for with cash. My grandfather never bought a new car and he is a millionaire.
My best friend from high school said he talked to a neighbor of a friend who is a finance manager for a dealership. The “finance” manager said that he makes 4 points on loans. 4 points is a lot to pay a dealership for a loan, so they are charging people big time for those loans.
November 9, 2009 at 12:41 AM #480112jParticipantDon’t do it!
Dealerships make bank off of loans to people with bad credit. Go with the “cheap” (low price) used car paid for with cash. My grandfather never bought a new car and he is a millionaire.
My best friend from high school said he talked to a neighbor of a friend who is a finance manager for a dealership. The “finance” manager said that he makes 4 points on loans. 4 points is a lot to pay a dealership for a loan, so they are charging people big time for those loans.
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