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Thread ID: 41024 2003-12-27 09:26:00 OT: Interest Rates csinclair83 (200) Press F1
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203464 2003-12-27 09:26:00 How do you find out what the interest rate is?
like if i wanna get something from Noel Leemings or some other store thats in town, and know that they do finance, but i wanna know the interest rate so i can do my own maths at home...
do they all vary or are they a set number that can only be increased or decreased when the money man in the government decides?

I've looked online and all i can find is personal loan interest rates not hirepurchase interest rates...

Can anyone help at all?

Cheers
csinclair83 (200)
203465 2003-12-27 09:45:00 You will find finance companies that provide loans to customers at Noel Lemmings etc, will have different interest rates and fees than those published at the banks. You need to go in and get them to do the sums for you as an example for a particular purchase. You can use this to compare with other finance companies (their fees and rates etc). There are a variety of companies that provide personal finance, so you can shop around. Often, a personal unsecured loan via your bank will work out cheaper in the long run. Jen C (20)
203466 2003-12-27 09:50:00 It is also good to know the finance rate, which is the interest rate with all the interest costs on top.

By law they have to tell you this, in paper or by mouth.

if i am can remember economics from this year
MrBeef (342)
203467 2003-12-27 10:33:00 Here is a bit of information about hire purchase from www.consumer.org.nz

click here (consumer.org.nz)
exLL (515)
203468 2003-12-27 20:30:00 Better yet ... search for an interest free store :D ... there should be plenty around. SKT174 (1319)
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