How bad do your finances have to be to not be approved?
This is a curiosity question as I wait for my financing to be approved. I don’t think my finances are bad but I am wondering.
u/solar-powered-snail — 20 hours ago
u/solar-powered-snail
Quote check and question about leasecheck.au
I have two quotes for the EX5, one for 36 months and one for 48 months.
The interest rate isn’t obvious to me so my partner analysed it with an LLM and it calculated rates of around 10.5-11%
I also put these quotes into leasecheck.au and the interest rates it gave were 6.38 and 6.68 for 36 and 48 months respectively? This doesn’t seem right?
Can anyone less mathematically challenged than me help me understand if these quotes are terrible or not?
Thanks!
u/solar-powered-snail — 4 days ago