grte to Canada · 1 year agoHow 'forced financing' makes some car dealerships more moneywww.cbc.caexternal-linkmessage-square14fedilinkarrow-up144arrow-down10cross-posted to: [email protected]
arrow-up144arrow-down1external-linkHow 'forced financing' makes some car dealerships more moneywww.cbc.cagrte to Canada · 1 year agomessage-square14fedilinkcross-posted to: [email protected]
minus-squareyadslinkfedilinkarrow-up4arrow-down1·1 year agoNothing stopping you from getting the financing price and then just paying off the loan right away.
minus-squarecsfirecracker@lemmyf.uklinkfedilinkarrow-up21arrow-down1·1 year agoSome loans do have cost penalties for that, though
minus-squarepolarbearlinkfedilinkarrow-up5·1 year agoI’ve never heard of a car loan in Canada to be anything other than an open loan.
minus-squareBakkoda@sh.itjust.workslinkfedilinkarrow-up3·1 year agoIn NY there is no early repayment penalty however some states do. It’s a broken ass system.
Nothing stopping you from getting the financing price and then just paying off the loan right away.
Some loans do have cost penalties for that, though
I’ve never heard of a car loan in Canada to be anything other than an open loan.
In NY there is no early repayment penalty however some states do. It’s a broken ass system.