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Originally Posted by marc26
gez,
to say that people take out car loans because they dont have the money to pay for the car. why would anyone, with interest rates so low, tie up 20-25k when they can earn interest on that money in other places?
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Interest rates on loans are higher than interest rates on savings accounts - that's how banks make their money
If you (or anyone else) knows it to be different, let me know - I'd make millions
