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Author Topic: 25% car loan  (Read 2228 times)

Self-employed-swami

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25% car loan
« on: January 06, 2014, 06:56:16 PM »
http://www.cbc.ca/news/canada/british-columbia/couple-feel-robbed-by-25-interest-td-car-loan-1.2483342

Seriously people, a 25% car loan??!!

And then you are surprised when the dealership and bank won't refinance you to a lower rate?
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martynthewolf

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Re: 25% car loan
« Reply #1 on: January 07, 2014, 01:46:41 AM »
I assume they had to read the finance agreement and sign it? So... I'm finding it hard to feel any sympathy fro their situation. Could they have got a 1-2k loan from the bank for a second hand car?
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Self-employed-swami

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Re: 25% car loan
« Reply #2 on: January 07, 2014, 02:27:12 AM »
I assume they read the paperwork, or they' be even dumber than they sound now.

They were in bankruptcy I think, so they shouldn't have got a loan of any sort.
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arebelspy

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Re: 25% car loan
« Reply #3 on: January 07, 2014, 07:19:45 AM »
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Wow, a phone plan for fifteen bucks!