@[email protected] to [email protected] • 7 months agoHow 'forced financing' makes some car dealerships more moneywww.cbc.camessage-square14fedilinkarrow-up144arrow-down10
arrow-up144arrow-down1external-linkHow 'forced financing' makes some car dealerships more moneywww.cbc.ca@[email protected] to [email protected] • 7 months agomessage-square14fedilink
minus-square@[email protected]linkfedilink3•7 months agoNothing stopping you from getting the financing price and then just paying off the loan right away.
minus-square@[email protected]linkfedilink20•7 months agoSome loans do have cost penalties for that, though
minus-square@[email protected]linkfedilink5•7 months agoI’ve never heard of a car loan in Canada to be anything other than an open loan.
minus-squareBakkodalink3•7 months agoIn NY there is no early repayment penalty however some states do. It’s a broken ass system.
Nothing stopping you from getting the financing price and then just paying off the loan right away.
Some loans do have cost penalties for that, though
I’ve never heard of a car loan in Canada to be anything other than an open loan.
In NY there is no early repayment penalty however some states do. It’s a broken ass system.