Financing Interest Rates
10-20-2006, 12:04 PM
#16
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Join Date: Aug 2005
Location: I'm not sell'n anythang... much..
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Originally Posted by Paul523
Good for you, Chris... the other P dealers in the Cleveland area are going to have to work a lot harder to keep up with you guys at North Olmsted... keep it up.
We have competition?
10-20-2006, 03:14 PM
#20
Banned
Originally Posted by outofmoney
Calstate Cu actually says: 4.99-14.99%
Cheers
Cheers
It makes me wonder -- why not borrow $1,000,000,000 at 4.99% and put it in their own CD at 6.00% APY
10-20-2006, 03:34 PM
#21
Instructor
Join Date: Sep 2006
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Originally Posted by discoganya
You need to have decent credit and direct deposit from your bank to the 4.99%. I've known over 5 people who have got the 4.99%, including me (it was 4.49% when I got it). Just a potential CU to explore ...
It makes me wonder -- why not borrow $1,000,000,000 at 4.99% and put it in their own CD at 6.00% APY
It makes me wonder -- why not borrow $1,000,000,000 at 4.99% and put it in their own CD at 6.00% APY
10-20-2006, 03:45 PM
#23
Rennlist Member
Originally Posted by discoganya
It makes me wonder -- why not borrow $1,000,000,000 at 4.99% and put it in their own CD at 6.00% APY
Each year the credit union in my town runs an Easter special where they have easter eggs at the desk that contain discounts off of car loans. Right about the time I was buying my p-car, my mother in law pulled out a 2% off coupon. Their current rate was 4.75% so I got my loan for 2.75% for 84 months. I originally going to do 5 years and put more down, but with that rate I decided to put only 10% down and stretch it out for 7 years. That money is now sitting in my e-savings account at Citibank making 5%.
