Quote:
Originally Posted by Bigmon
I would see what the payment would be at 16% and how much it would be for lets say 10%. On short loans it's not that much a difference. It's always best not to leave yourself cash poor. If you get rolling and making money you can always pay it off early. In the meantime, you have cash on hand for problems.
On a used truck, I don't think there is much chance of seeing an interest rate under 13.75%, even with excellent credit. Maybe from his personal bank....but not from a truck finance company.
my 2.5 cents