eshay lad 69
Member
whens it coming out?
Students helping students, join us in improving Bored of Studies by donating and supporting future students!
I don't know anything about car finance, 2.8% seems like a much lower interest rate than you would get on a personal loan from a bank? What is the downside?I also wonder if Toyota's 2.8% p/a financing deal will apply to this because if so, that's an even bigger bargain. If I had space for a second car this would be a strong contender.
Typically it's subsidised by the parent entity/company (e.g. Toyota Japan) to increase sales but such a below market rate is typically only offered on certain models (typically the ones they are trying to push). Also it typically means you don't get any discount on the car or the on-road costs/etc. At the end of the day you can take with one hand and give with another to reach the 'lowest possible price'.I don't know anything about car finance, 2.8% seems like a much lower interest rate than you would get on a personal loan from a bank? What is the downside?