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Well, I guess if you have outrageous rates that no one should ever agree to on a new car then it might be an option. However, all the interest is frontloaded, so you get absolutely screwed when you refinance a car unless it's within the first few months. All of the rates I see listed are way higher than any rate I've had on a car since 2001, and even that one was 5.99%. Plus, he did not mention a ridiculous interest rate in his post, so that would just be a random guess you guys are making. I just bought a 2008 Saturn Vue in November, and the rate was 4.25%. I can't imagine agreeing to all the rates I see above when buying a 30k Evo.
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11.51@117.72 - PMI
11.62@116.60 - Bandi
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