Fatbastard Posted June 10, 2003 Report Share Posted June 10, 2003 I am interested in offering a finance package for vehicles in my business. have had 3 companies in suppling proposals but the interest rates are Unbelievably ugly. Like over the life of an annual loan you are paying back, the principle plus additional 38%. It works out to 65% simple (i think) The Thai's in my business seem to think this is normal, Jesus I find this an incredibly high rate partic when its secured over the vehicle and the want a gaurantor as well. Are people really stupid enough to pay thses rates? Link to comment Share on other sites More sharing options...
Guest Posted June 10, 2003 Report Share Posted June 10, 2003 Sounds as if they are priced to factor in the defaults. Link to comment Share on other sites More sharing options...
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