WHAT YOUR BANK WON’T TELL YOU
Here at Leggat Ancaster Toyota, we deal with every bank, including yours.
- We deal with them all because banks are not the same when it comes to lending criteria and rates.
- This is true regardless of your credit circumstances; excellent or with blemishes.
- Since we do this multiple times every day, we know which bank is best suited to your lending needs for the vehicle you wish to purchase.
- That is all that our Financial Services Managers do.
- When banks compete you win.
INTEREST RATES FLUCTUATE WITH PRIME WHICH CAN RESULT IN VARIABLE PAYMENTS
Unknown interest and unknown terms
LINES OF CREDIT ARE DESIGNED FOR EMERGENCIES AND INVESTMENT OPPORTUNITIES
Don't get caught without a backup plan
MANY LINES OF CREDIT ARE SECURED BY YOUR HOME; CREDIT PROVIDERS CONSIDER THIS A SECOND MORTGAGE
Default of payment for any reason allows the bank to repossess your home
LINES OF CREDIT WERE DESIGNED AS INTEREST ONLY LOANS
Interest only payments result in long term liabilities without assets
YOUR CREDIT LINE IS A DEMAND NOTE
Your bank has the right to demand payment in full, at their discretion, at any time, with or without cause. If you do not have the cash to pay off your line they will use their "Right to Offset"