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I hang out in an English forum. See below as an example (http://tugbbs.com/forums/showthread.php?t=51105):
The assumption so far is that you bought from the developer, is that correct?
If it is, then you can pretty much assume that your balance is too high for someone to take over your payments.
There are ways that you can decrease your cost. If your loan balances have high interest rates, then you can get lower interest rates on certain credit cards for thier introductory rates????? Or maybe you have a car that is paid off and your credit union will loan you money against your car.
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Think of all your options and Good luck....
Below are the keys:
1. Read fine prints. There may be transaction fees or time limits.
2. Look for new credit cards/products for promotional rates.
3. Look for American banks or Internet banks, e.g. Capital One, Citibank.
4. Once you withdraw the credits, don't use the card anymore, because payments will go against the low/no interest proportion first while the high interest part remains untouched.
How to do it:
1. Find and obtain the right card.
2. Transfer the credit limit with no/low interest to your bank account.
3. Pay the car dealer cash for your purchase. Car dealers usually offer two type of incentives: low interest rate or reduced purchase price. You get either or, but not both. Either method in fact yields the same result, mathematically.
You will have double dip, if you draw cash from a low/no interest credit card and bargain hard with the dealer for a reduced price. |
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