grte@lemmy.ca to Canada@lemmy.ca · 10 months agoHow 'forced financing' makes some car dealerships more moneywww.cbc.caexternal-linkmessage-square14fedilinkarrow-up144arrow-down10
arrow-up144arrow-down1external-linkHow 'forced financing' makes some car dealerships more moneywww.cbc.cagrte@lemmy.ca to Canada@lemmy.ca · 10 months agomessage-square14fedilink
minus-squareyads@lemmy.calinkfedilinkarrow-up4arrow-down1·10 months agoNothing stopping you from getting the financing price and then just paying off the loan right away.
minus-squarecsfirecracker@lemmyf.uklinkfedilinkarrow-up21arrow-down1·10 months agoSome loans do have cost penalties for that, though
minus-squarepolarbear@lemmy.calinkfedilinkarrow-up5·10 months agoI’ve never heard of a car loan in Canada to be anything other than an open loan.
minus-squareBakkodalinkfedilinkarrow-up3·10 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.