Quote:
Originally Posted by sl0m0
Wow, 3 year term definitely makes more sense.
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Even then it makes no sense unless these are pre tax dollars paid by your business. 8% on a personal loan for a depreciating asset is nuts. Numbers here in Quebec:
88k MSRP
13k taxes
101k financed @ 8% 60 months total payments 123k.
I'm only buying in a year or so, I expect things to cool down a bit.