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<insert witty title here>
Join Date: Nov 2004
Location: Hamilton, Ont.
Posts: 7,000
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Quote:
Originally Posted by john70t
Y
What I should have said was: The loanee would paying two to three times the original price.
The rest of the payments would go into Goldman Sak's executive bonuses.
"Patently false"? Unless you are trying to deceive people, try a mortgage calculator for yourself.
They are free online.
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No, you really won't pay 2-3x the original cost. Check an amortization calculator. Amortize 10k over 48 months at 20%. Total interest paid is $4600. Even at 36%, you're only coming close to the price of the car in interest ($9000).
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Current: 1987 911 cabrio
Past: 1972 911t 3.0, 1986 911, 1983 944, 1999 Boxster
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