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Old 07-30-2018 | 05:04 PM
  #103  
CRJ1988
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Just curious, what lending institution are they using?

Originally Posted by deftone
Taken directly from the Financing Application page...

LOAN RATES AND FEES
There is a 2.00% loan origination fee for each funding disbursement which will be added to the loan amount.

The interest rate is a variable loan rate of 7.57% over the 3-month LIBOR adjusted quarterly.


Current LIBOR is 2.33%, so I guess this makes the financing 9.9% at todays rates. Spread over the 10 year maximum term that would make you pay back $103k on your $65k loan @ $850 per month. Doesnt seem such a good deal now...
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