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Significant Life Crossroads...

yeah, I think so. This was a year or two ago. I think we were making fun of nev and cw for predatory lending and ruining the economy.

lol @ a used car salesman making fun of someone for predatory lending.

30% interest rates don't exist in the mortgage world. they do at the used car lot
 
lol @ a used car salesman making fun of someone for predatory lending.

30% interest rates don't exist in the mortgage world. they do at the used car lot

Not in CO they don't, and even if they did that would be on a BHPH lot which is for people who can't get 3rd party financing and the dealer is the lien holder...Which isn't what I do.


Nice try though


Since we cleared that up you can respond to monkey now. :)
 
what's the maximum rate then?

regardless

used car salesman are the most stigmatized people in the sales world.


Max rate in CO is 21%, but again that is 'Buy Here, Pay Here" Dealerships.


The average rate I contract at is probably about 7%...Sometimes as low as 2.9% and the high end being 12%


I'm not sure where you get your facts, and that was probably true 20 years ago but things aren't that way anymore. Even if you wanted to be shady you'd never get away with it w/technology.

:biggrin:
 
We used to put $99/mo on the window of Mercedes and shit. You could get it for that if you put down $40k in cash (years ago) :)
 
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