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Message
From
20/12/2004 11:13:45
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
 
To
20/12/2004 09:55:56
General information
Forum:
Visual FoxPro
Category:
Other
Title:
Miscellaneous
Thread ID:
00970584
Message ID:
00970673
Views:
32
>I don't know what to think about what your 'kind' car salesmen call 'cashback', are there really any people who don't understand that they must pay back the money they 'get for free'?
>
>By the way, 'cashback' is illegal in Norway, and thank you for that. :-)

That cashback is something I can't really understand. You're not just buying a car, you're giving your dealer (or car manufacturer, whoever) an interest-free loan! And you're doing that at the time you're really tight for money - you're buying an expensive car, and you're probably taking a loan, so you're actually paying interest on the money you then loan for free.

The only way I can get some sense into this is that the amount in question is tax-deductible somehow, and the total reduction in taxes is above the interest you pay... but then, the tax return may be a year later, and during that year, you've paid interest... my serious doubts about that being profitable for the customer.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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