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Old 04-02-2013, 11:35 PM   #470 (permalink)
dmhenderson
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Quote:
Originally Posted by aniceh View Post
There's no way they get nothing out of it, but if you go to a new bank who can now borrow funds at a lower rate due to the Fed, they'll get something out of it, you might get something out of it, there's pretty much never a prepayment penalty on auto loans, everyone wins except the bank you left. Banks are perfectly willing to screw one another to get your business.
Right which brings me back to: "If you get a better loan rate over the same time period, then you're ok."
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