jon- I think your understanding of how this works is right on.
I also think they realized how low rates are right now, how much the public perceives they are low, what size inventory of 2003 cars they had to sell to make room for the 2004 models, and this was a good way to pull in buyers (worked for me!). Maybe they are gambling that rates will rise slowly. Or, maybe they have a commitment from lenders for funds at low rates? -Ben > Congratulations :) > > I want to branch a little though...isn't 1.9% less than inflation? > Doesn't that mean that over time, if interest rates rise, they will be > making less money? Especially considering the fact that with all this > built in economic stimulus...we are bound to see a really big uptick > in inflation if/when everything starts to turn around. > > Or is my understanding of how this works incorrect? > > -- > jon > mailto:[EMAIL PROTECTED] > > Monday, June 30, 2003, 5:58:29 PM, you wrote: > <snip> > > bcn> The fools were offering 48-month financing at 1.9%. Wow. > bcn> Even so, wouldn't have been able to afford it if we weren't > bcn> doing a refi on the mortgage and saving a bunch of $$. > > bcn> <vbg> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Get the mailserver that powers this list at http://www.coolfusion.com Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
