Sammy‘s coworkers never trust these salesman

[jjgold]

 

[Tanko]

View attachment 37343

Did you buy a new car JJ?

 

[BMR Genie]

How much is the average car loan interest rate?

 

[Tanko]

How much is the average car loan interest rate?

They are around 5.5% if you have good credit.
Some specific car manufacturers will offer lower rates during specials to help them try and move inventory.

But the best rate is ZERO%.... Buy it with C A S H.

 

[BMR Genie]

They are around 5.5% if you have good credit.
Some specific car manufacturers will offer lower rates during specials to help them try and move inventory.

But the best rate is ZERO%.... Buy it with C A S H.

Damn! That 15% is too much greediness then.

I'm seeing a second-hand car shop here that accepts BTC for payment.

 

[Tanko]

Damn! That 15% is too much greediness then.

I'm seeing a second-hand car shop here that accepts BTC for payment.

15% means they have a credit score < 500.
Remember @Franklee168 ?

He is in finance I believe in the car business.
I've not seen him around in a long time but he'd have some great inside info on this.

 

[BMR Genie]

15% means they have a credit score < 500.
Remember @Franklee168 ?

He is in finance I believe in the car business.
I've not seen him around in a long time but he'd have some great inside info on this.

Ah..

Si, I remember Frank. He has active logins but it's been a while since he posted.

 

[flyingillini]

Speaking of interest, @jjgold you are now at 11% anything 5k or less and 9% up to 10k.

 

[aikman.tr]

Car Canada rates are around 48% APR

 

[Tanko]

Car Canada rates are around 48% APR

Wow. Seems like Car Canada = Loan Shark

 

[BobbyFK]

At a regular dealership you can get a lot better interest rates than these buy here pay here lots. Even though I have pretty good credit, I went to one years ago when I was looking for a used vehicle and the interest rate was about 22%. I walked out of there so fast.

 

[aikman.tr]

Wow. Seems like Car Canada = Loan Shark

Fuckin fed allow up to 60% APR and payday loans are over 400% APR.
Government of Canada is a criminal enterprise

 

[jjgold]

Right now, not a good idea. Interest rates are too high even with good credit.

 

[Tanko]

Fuckin fed allow up to 60% APR and payday loans are over 400% APR.
Government of Canada is a criminal enterprise

WOW! I did not know Car Canada was the federal gov't.
That is insane.

 

[BobbyFK]

Right now, not a good idea. Interest rates are too high even with good credit.

About 6-7% currently. Way too high for a car

 

[Pimike]

About 6-7% currently. Way too high for a car

Agree

 

[BMR Genie]

Is this true?

 

[Tanko]

Is this true?

View attachment 37374

Long way to go before EVs become the norm.

The range issues and lack of charging stations must be overcome to really get the ball rolling on these.