ByteOnBikes@slrpnk.net to Fuck Cars@lemmy.worldEnglish · 1 day agoAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netimagemessage-square210fedilinkarrow-up1630arrow-down142
arrow-up1588arrow-down1imageAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netByteOnBikes@slrpnk.net to Fuck Cars@lemmy.worldEnglish · 1 day agomessage-square210fedilink
minus-squareexplodiclelinkfedilinkEnglisharrow-up1·5 hours agoI’m doing the same thing, but I still don’t understand it. Why are creditors offering 3.54% car loans instead of just getting 8% themselves?
minus-squaresunzu2@thebrainbin.orglinkfedilinkarrow-up3·4 hours agoThat loan was likely originated during a different intertest environment. So that commeneter is playing arbitrage
minus-squareexplodiclelinkfedilinkEnglisharrow-up1·2 hours agoI can’t speak for the other guy, but these high interest investments were available when I took out my car loan too. That’s why I opted for the longer term loan.
minus-squareJayleneSlide@lemmy.worldlinkfedilinkEnglisharrow-up2·2 hours agoThis is exactly the case. Also, I worked for a credit union at the time, and employees got a 1% discount on interest rates for loans over a 24 months.
I’m doing the same thing, but I still don’t understand it. Why are creditors offering 3.54% car loans instead of just getting 8% themselves?
That loan was likely originated during a different intertest environment. So that commeneter is playing arbitrage
I can’t speak for the other guy, but these high interest investments were available when I took out my car loan too. That’s why I opted for the longer term loan.
This is exactly the case. Also, I worked for a credit union at the time, and employees got a 1% discount on interest rates for loans over a 24 months.