- Joined
- Sep 27, 2020
- Threads
- 0
- Messages
- 6
- Reaction score
- 1
- Location
- Denver, CO
- Vehicle(s)
- VW GTI
- Your Bronco Model
- First Edition
Yea....its a bad example and probably the worst way for someone to finance a new car, but sure i guess its not completely useless.Jesus Christ what is it with some of you? It’s just a generic number in a generic example. Nobody cares about what you would pay for interest, it’s a made up scenario. Again; It’s made up, fake, an example, not real. I can’t believe multiple have actually attempted to pick apart something made up as a reference. I always calculate all my interest at 5% or more so when it’s less I can be happy and not pissed because I expected 1-3% and can’t have it.
Also...
Anyway, that screenshot is not accurate. Prime rates right now are around 2.5%
That being said everyone should shop around for the best rates they can find, look into your local credit unions as well.
Sponsored