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Message
re: Loan for private vehicle purchase?
Posted on 3/11/15 at 12:12 pm to Tigerpaw123
Posted on 3/11/15 at 12:12 pm to Tigerpaw123
quote:
to me that is a negative
Only if the rate goes up and you could have been locked in to a lower rate. If you could have lock yourself into a 4% rate but opted for variable and the rate went down, it's positive for you.
1
Posted on 3/11/15 at 12:16 pm to Wtodd
quote:
Only if the rate goes up and you could have been locked in to a lower rate. If you could have lock yourself into a 4% rate but opted for variable and the rate went down, it's positive for you.
With interest rates as low as they are right now, the risk of it increasing dramatically is not worth the reward of the very little it could go down
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