@[email protected] to Fuck CarsEnglish • 2 months agoAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netimagemessage-square234fedilinkarrow-up1659arrow-down145
arrow-up1614arrow-down1imageAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.net@[email protected] to Fuck CarsEnglish • 2 months agomessage-square234fedilink
minus-square@[email protected]linkfedilinkEnglish1•2 months 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-squaresunzu2linkfedilink2•2 months agoThat loan was likely originated during a different intertest environment. So that commeneter is playing arbitrage
minus-square@JayleneSlidelinkEnglish2•2 months 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.
minus-square@[email protected]linkfedilinkEnglish1•2 months 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.
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
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.
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.