Quote:
Originally Posted by boomee
I disagree how does a borrower who owes someone money have more power prim example are credit cards. Explain your position please
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Nissan lent me $40,000 at 0%. They gave me $40,000 today and at the end of 5 years, they will have $40,000 back. Because of inflation, their 2017 $40,000 will be worth less than when they lent it.
Now of course Nissan the car company slid Nissan the lending company some cash for the 0% buy down in place of offering a direct to consumer rebate. They also know that people love to trade vehicles, so their money may not to be gone for the full term.