Quote:
Originally Posted by aniceh
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."