rvaviator Posted September 13, 2020 Share Posted September 13, 2020 If buying second hand from a dealer - lets say with a purchase price of about 800000 - With 50% down - What is the general interest rate one would expect to pay ? Assuming the finance will be arranged by the dealer - Or is it better to go the bank route for the balance? Would the bank in general offer a better rate for a car purchase ? (finance over 2 to 3 years) Appreciate some insight ... Thanks in advance Link to comment Share on other sites More sharing options...
stubuzz Posted September 13, 2020 Share Posted September 13, 2020 Over 4 years about 30-40%. Link to comment Share on other sites More sharing options...
rvaviator Posted September 13, 2020 Author Share Posted September 13, 2020 Thanks for that stubuzz - so about 8.5% to 9.5% monthly interest rate Link to comment Share on other sites More sharing options...
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