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Holy high interest rates, batman!!!
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  (#1)
It's a Triumph thing...
 
3IsEnough's Avatar
 
Posts: 194
Join Date: June 18, 2007
Location: Chantilly, Va.
Holy high interest rates, batman!!! - May 15, 2008, 07:32 AM

Need a loan for a new bike? Don't go here! Unless of course, 99.25% APR sounds like a good deal to you.

http://www.cashcall.com/General/Rates.aspx

Last edited by 3IsEnough; May 15, 2008 at 07:35 AM..
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Owner & Creator
 
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Posts: 16,418
Join Date: June 11, 2003
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May 15, 2008, 07:48 AM

Look at VALoan Product Borrower Proceeds Loan Fee APR Number of Payments Payment Amount
$10,000 Loan* $9,925 $75 29.26% 120 $256.26
$5,075 Loan $5,000 $75 70.08% 84 $294.50
$2,600 Loan $2,525 $75 99.25% 42 $216.55
$1,500 Loan $1,000 $500 141.42% 12 $159.83



141.42% APR for $1000 for 12 months monthly payments $159.83
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Mr. Glass
 
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May 15, 2008, 07:55 AM

i think its a loan shark.


06 Black 10R
http://theazzman.com
http://twitter.com/azzman
________________________
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|_..._..._by_Kawasaki______|*||_|_|...,]|
"(@)'(@)''''''''''''''''''''''''''''''(@)(@)** **** (@)

Quote:
Originally Posted by Rossi
dressing up like a fruity gangster and going to Sterling, that is like wearing a tuxedo just to go to the bathroom.
Quote:
Originally Posted by Rossi
Buying a sportbike to go the speed limit (which you do not do in your car) is like buying a condom to look at it.

Do you buy a condom to look at it? No you buy it to fuck.
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  (#4)
GP Racer
 
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Posts: 967
Join Date: May 12, 2005
Location: Alex, VA!!
May 15, 2008, 08:31 AM

ahhah, I hope someone takes out 4 loans and defaults on them all!!! The fkr will get what he deserves!!


Can't choose between the R1 and the 10R so I am keeping both but settled with an 1198S when I came home

Keep it up!!!!!!!
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TEAM.SUKUZI
 
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Join Date: May 22, 2006
Location: alexandria
May 15, 2008, 08:42 AM

The hell???? 141.42% FOR 1K???? THIS STUFF SHOULD BE ILLEGAL!


sex addict

POWERED BY SUZUKI GSXR1000
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  (#6)
Mr. Glass
 
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May 15, 2008, 08:43 AM

i think you need help if you are really hard up for a grand


06 Black 10R
http://theazzman.com
http://twitter.com/azzman
________________________
|^^^^^^^^^^^^^^^^^|*||__
|- TEAM MONSTER ENERGY -|*||'|";\,___.
|_..._..._by_Kawasaki______|*||_|_|...,]|
"(@)'(@)''''''''''''''''''''''''''''''(@)(@)** **** (@)

Quote:
Originally Posted by Rossi
dressing up like a fruity gangster and going to Sterling, that is like wearing a tuxedo just to go to the bathroom.
Quote:
Originally Posted by Rossi
Buying a sportbike to go the speed limit (which you do not do in your car) is like buying a condom to look at it.

Do you buy a condom to look at it? No you buy it to fuck.
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  (#7)
Ling Long
 
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Join Date: June 13, 2006
May 15, 2008, 08:47 AM

Do you need help Usman??? Nah, that's not as bad as some of the other ones I've heard.. I keep hearing commercials for this Loan Max place that's local. At the end of their commercial they say it's 300% interest... WTF.. 300%?!?!


U
C
Lots of
Asians
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facebook what is that?
 
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Posts: 2,203
Join Date: March 19, 2004
Location: Fairfax, VA
May 15, 2008, 08:48 AM

It seems the more $$$ you borrow the interest rates gets lower but its still too high..


\O/
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Mr. Glass
 
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Posts: 6,883
Join Date: July 11, 2003
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May 15, 2008, 09:03 AM

im gonna save a crap house of money start a loan company and charge 500% intrest. ill never have to work again!!


06 Black 10R
http://theazzman.com
http://twitter.com/azzman
________________________
|^^^^^^^^^^^^^^^^^|*||__
|- TEAM MONSTER ENERGY -|*||'|";\,___.
|_..._..._by_Kawasaki______|*||_|_|...,]|
"(@)'(@)''''''''''''''''''''''''''''''(@)(@)** **** (@)

Quote:
Originally Posted by Rossi
dressing up like a fruity gangster and going to Sterling, that is like wearing a tuxedo just to go to the bathroom.
Quote:
Originally Posted by Rossi
Buying a sportbike to go the speed limit (which you do not do in your car) is like buying a condom to look at it.

Do you buy a condom to look at it? No you buy it to fuck.
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  (#10)
Agitator
 
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Posts: 3,769
Join Date: October 23, 2005
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May 15, 2008, 02:05 PM

Basically, its legal loan-sharking, there is a loophole they exploit...otherwise its usury (sp?)


Marc
CCS Amateur #851
2001 Ducati 850RS
2006 SV650 Racebike
2010 CBR1000RR

...and because sometimes you want to go fast, but need 4 wheels:
2009 Nissan GT-R
2003 Nissan 350Z (for sale, $11k OBO)
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May 15, 2008, 02:12 PM

Quote:
Originally Posted by birdman
Basically, its legal loan-sharking, there is a loophole they exploit...otherwise its usury (sp?)
Yup. There has been a push to eliminate these types of loans. There are some states that have made such loans criminal (New York, I believe is one).
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