Quote:
Originally Posted by stovt001
ah yes, I missed a couple posts up there. I understand now you're refering to the loan officer, and you're working with a Canadian bank. Apparently Canadians have some different loan options compared to Americans. At least, I have never heard of an automotive loan structure like this in the U.S. I'm afraid this is out of my background.
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Yeah its a sneaky way the banks up here make more money off of you. They offer this type of arrangement to a lot of younger/first time car buyers. They buy maybe more car than they can afford because the payments are lowered, but the don't realize how much money they are wasting on interest!