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Will we never learn?:shock:
I guess since GM is now too big to fail, we can have a car bubble, and the taxpayer can pay for auto loans. :roll:
GM Goes Subprime (Some Companies Just Never Learn) | www.bullfax.com
edit: I don't start many threads, and wasn't sure if this is the forum where this one belongs, so if it's in the wrong place, would one of the mods kindly move it?
This isn't new. . . car dealerships have been dealing with subprime loans for years.
My husband and I bought our first truck together. I didn't even *have* credit - his was 400 something. What they do, here, is snipe you with extra high interest rates. . . our payments were over $500.00/month at 11% interest.
But we realigned our credit quickly - a year later we refinanced at a 6% interest rate and haven't missed a payment - we've almost paid the truck off.
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