44
submitted 9 months ago by grte@lemmy.ca to c/canada@lemmy.ca
you are viewing a single comment's thread
view the rest of the comments
[-] Ryan213@lemmy.world 1 points 9 months ago

Yeah, someone pointed it out here already that most loans have a penalty if you pay it off right away. Penalty might still be cheaper than paying off the loan on schedule.

[-] folkrav@lemmy.ca 3 points 9 months ago

I'll need a source about that "most" loans having a penalty. I thought the vast majority of car loans were open loans. At least, the couple of times I looked around for car financing, most were.

this post was submitted on 03 Dec 2023
44 points (100.0% liked)

Canada

7106 readers
418 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Regions


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS