Interest Free Sales

Discussion in 'Loans & Mortgage Brokers' started by Tim86, 11th Mar, 2016.

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  1. Corey Batt

    Corey Batt Well-Known Member

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    The servicing hit is $130-195 per month. But it's all aggregated so not so much about the individual 'cost' not being much - if your application only has $10 positive leftover in cash flow before this new cost, it'll still tank the deal.

    In the end it's a good question for your broker - I get these emails all the time from clients, making sure they don't accidentally limit their future borrowing ability.
     
    Tim86 likes this.
  2. Tim86

    Tim86 Well-Known Member

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    Yeah thanks for the info. Ill give a miss. Boss says we can afford it outright in 5 days. Yay
     
  3. Bran

    Bran Well-Known Member

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    So you SAVED nearly 10 grand?!!! You would have been CRAZY not to.

    I
     
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  4. Tim86

    Tim86 Well-Known Member

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    Haha now youre talking my language
     
  5. Bran

    Bran Well-Known Member

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    I can buy three of my car for $7500 today. Although I've started only filling the tank up halfway, as I'm convinced its going to die at any day.
     
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  6. Tim86

    Tim86 Well-Known Member

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    Yeah my banged up ford is worth about 2k now. But its a work car so I dont care.
     
  7. neK

    neK Well-Known Member

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    You realise the for "interest free" they simply capitalise it onto the sell price.
    There is no free lunch.
    Negotiate and pay for it in cash.
     
  8. Tim86

    Tim86 Well-Known Member

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    I dont mind investing in a tv. I figure its my biggest source of entertainment.

    Plus youre not going to get a cheap tv that has full array backlight local dimming with hdr and 4k. All stuff that makes a pretty big difference.
     
  9. Tim86

    Tim86 Well-Known Member

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    Already got it on sale and paid a deposit.
     
  10. EN710

    EN710 Well-Known Member

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    Just use your regular credit card and pay before interest free period end?
     
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  11. Tim86

    Tim86 Well-Known Member

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    Yeah thats the plan.
     
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