Car Loan

[Brx]

i don't take loans to buy car.

 

Same here... I buy car that don't require loans...

[Observer]

cos u cash rich ma

 

i represent the majority of members here.

[Observer]

Same here... I buy car that don't require loans...

 

then y u so cheapo dont be site sponsor here? Post so many lj links in ur signature

[R_ole]

Hey Bros,

 

Was wandering with the new loan restrictions at 60%/50% of the car's value, how would this apply if I were to trade-in my car at a 2nd hand dealer for another.

[GLZT]

Hey Bros,

 

Was wandering with the new loan restrictions at 60%/50% of the car's value, how would this apply if I were to trade-in my car at a 2nd hand dealer for another.

Just take your trade in value as your own cash.

[Bieffe]

The 50% downpayment applies to banks only right? In house loans we can still get more right? Say 80% loan?

[Pisces69]

agree with u, cos diff agent diff interest.

 

n I also dunno how those financial pple says and calculate that it is actually double.

 

When u go to finance co or bank to loan, ask them what is the "effective interest rate". That is the true cost of borrowing.

 

U say this ty know u not stupid. Some wil act blur as if dunno what u toking. These r not so honest.

 

With the effective rate, u can compare which finance co or bank give u the lowest interest rate.

[Rezorn86]

Hmm I c, learn something about the interest rate.

 

 

When u go to finance co or bank to loan, ask them what is the "effective interest rate". That is the true cost of borrowing.

 

U say this ty know u not stupid. Some wil act blur as if dunno what u toking. These r not so honest.

 

With the effective rate, u can compare which finance co or bank give u the lowest interest rate.