Re: How much to spend on a nice first car?
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guids,
Why wouldn't the loan company put all their money into fnbo then? Intro-rates don't count here. If it is going to return more than his loan will charge him for the life of his loan, then yes it is riskier.
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I have no idea.
with online banking, I dont think it would be too hard for him to keep track of his money, and shift it around at a rate better than 5% if he keeps up on it, and keeps finding rates that he likes once the intro rates change. E-loan has 5.5%, even emmigrant is 5.05 etc. Im no expert, so I havent looked into much, but I keep up with some of the finance blogs
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