Help me make sense of financing
Hi, I'm embarrassed to admit that I'm confused about best way to structure my financing deal, asking for the wisdom of who has done it before here (I am sure many have). I paid cash for my curre...
Forum Discussion
Gritdog wrote:
IF it’s a simple interest loan, so flat out nothing.
Do they do simple interest in vehicles now? I’ve never seen it. Last few loans I took out, from the credit union, albeit over 5 years ago now we’re not simple interest. They were amortized. Only simple interest loans I’ve gotten were corporate deals worked out to finance investments.
If I’m wrong and now car/rv loans are simple interest then I stand corrected.
I think most are simple interest now. Only place I can imagine still getting an " add on interest type loan " would be at a "finance Company " or many car lot doing in house financing.
But I would ALWAYS ask before agreeing to a loan.
