Hey gang I’m looking at buying a 2023 dealer display model car for around 5-6 million yen. The dealer offers a loan which includes length of loan servicing, insurance, vehicle inspection + costs, for around 2.5%. It’s a 5 year loan with reasonable repayments with a 2m down payment, plus an option for buy back at end of loan price of 2m yen (pending condition). The guy was talking about a bunch of other trade in/car swap mid loan sort of deals as well. I could probably buy it outright, but would prefer the extra cash now as I’ve just bought a house and want to reno a couple rooms. Am I missing something with this all/ will this nice sounding deal come back to bite me in the end?
by xanadu-xanadu