Quote:
Originally Posted by ken0042
I've bought a car on ~30% interest before. There is a demand for it, and that was actually how I began to rebuild my credit.
I would probably google "in house car financing Calgary"
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thanks Ken.
I know there is a bunch of morality issues around the subject, but its a tool we use as a used car dealership to be able to sell some vehicles. In a lot of cases its not just poor credit but short employment history etc.
I suspect with the current economic conditions, there may be some more "good credit" people that will experience some problems in the near future.
we are in rural alberta. Getting to work may require travelling to get there. some people will require a vehicle to get to work. Hopefully this program will help some people.
And who knows, if they keep up a good repayment history or get longer employment history, there is nothing from stopping them to refinance at a lower rate in the future.