this post was submitted on 29 Oct 2024
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Fuck Cars

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[–] [email protected] 2 points 5 days ago (2 children)

That loan was likely originated during a different intertest environment. So that commeneter is playing arbitrage

[–] [email protected] 2 points 5 days ago

This is exactly the case. Also, I worked for a credit union at the time, and employees got a 1% discount on interest rates for loans over a 24 months.

[–] [email protected] 1 points 5 days ago

I can't speak for the other guy, but these high interest investments were available when I took out my car loan too. That's why I opted for the longer term loan.