Posted: Tue Nov 18, 2008 7:10 pm
I say loan them the $25 billion. Since their credit is shaky make the interest rate 9%. Add dealer prep, rustproofing, destination charge, loan origination fee, it comes to an even $30 billion.
A 60 month loan, no money down, monthly payment would be about $623 million. One day late on a payment, here comes the repo man.
A 60 month loan, no money down, monthly payment would be about $623 million. One day late on a payment, here comes the repo man.
