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How 'forced financing' makes some car dealerships more money(www.cbc.ca)

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grte@lemmy.ca
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canada@lemmy.ca
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yads@lemmy.ca
3 points

Nothing stopping you from getting the financing price and then just paying off the loan right away.

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csfirecracker@lemmyf.uk
20 points

Some loans do have cost penalties for that, though

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polarbear@lemmy.ca
5 points

I’ve never heard of a car loan in Canada to be anything other than an open loan.

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Bakkoda@sh.itjust.works
3 points

In NY there is no early repayment penalty however some states do. It’s a broken ass system.

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