- First Name
- JW
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- Jul 8, 2017
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- 202
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- 00 Orion Nebula
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- #61
I'm not going to argue with you, so best of luck to you =]He already said it’s 60 month loan. You can call the bank directly to confirm if you’re really that curious.
Just because majority of the banks don’t charge below prime, doesn’t mean that’s the rule. Unless there’s some regulation that says banks much charge auto loan interest above prime for x months, then the bank can do whatever they wish even if it may seem counterintuitive.
There are many ways a bank can generate revenue as you already know, e.g., requiring the customer to open/deposit cash into a savings account.
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