Quote:
Originally Posted by TimSJ
7.9 is still better than the car loan rate at th bank though.. The rates that the manufacturers charged are based on what is selling. If they have a hot model they don't need to give the rate away.. Also if it is a new model they generally have a higher rate at the begining as they have to havve some room to move once sales start to slow down on the model.. Can't introduce at 0% becasue you then have nowhere to go in 6 months when you need a boost.
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Our bank is below 7.90% on our new car rate. With a floating rate it's around 4-5%.