Noob - question

[Jersey]

i have a question about financing

when you finance a new car....say at 3.9%. is that simple intrest or compounding? if its compounding, is it done semi-annually or annually?

thanks...

[ianS]

i have a question about financing

when you finance a new car....say at 3.9%. is that simple intrest or compounding? if its compounding, is it done semi-annually or annually?

thanks...

Usually is compound monthly. :(

[Chopper]

Make sure you read over your financing agreement carefully to make sure you are actually getting a good deal and there are no hidden charges in there or extraordinary penalty charges, etc.

Hmmm... I wonder if the BMW Canada security agreement mentions anything about modding the car/security?

[M007]

I used to be a professional sales group for Nissan Canada. There is a lot of tricks. Little charges you won't expect. Read them carefully.

[M007]

i have a question about financing

when you finance a new car....say at 3.9%. is that simple intrest or compounding? if its compounding, is it done semi-annually or annually?

thanks...
I don't believe about 3.9 1.9% BS. The trick to this 3.9 % is that the dealership will take the profit to cover the actual prime at the bank. That is why you won't get much of a discount. This is just one of the thousand trick they used. ;)