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It seems improbable that dealers / manufacturers can't do simple compound interest calculations too. If they are offering loans at below market rates they are b
by VBprogrammer 7y ago
It seems improbable that dealers / manufacturers can't do simple compound interest calculations too. If they are offering loans at below market rates they are basically giving you a discount on the cost. If they are willing to do that then you should be able to get a similar discount on a cash basis.
- hurricanetc 7y agoFed rates are low enough that banks can borrow and offer financing at seemingly impossibly low rates while still making money.