grte@lemmy.ca to Canada@lemmy.ca · 2 years agoHow 'forced financing' makes some car dealerships more moneywww.cbc.caexternal-linkmessage-square14fedilinkarrow-up144arrow-down10
arrow-up144arrow-down1external-linkHow 'forced financing' makes some car dealerships more moneywww.cbc.cagrte@lemmy.ca to Canada@lemmy.ca · 2 years agomessage-square14fedilink
minus-squareyads@lemmy.calinkfedilinkarrow-up4arrow-down1·2 years agoNothing stopping you from getting the financing price and then just paying off the loan right away.
minus-squarecsfirecracker@lemmyf.uklinkfedilinkarrow-up21arrow-down1·2 years agoSome loans do have cost penalties for that, though
minus-squarepolarbear@lemmy.cacakelinkfedilinkarrow-up5·2 years agoI’ve never heard of a car loan in Canada to be anything other than an open loan.
minus-squareBakkoda@sh.itjust.workslinkfedilinkarrow-up3·2 years 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.