Another Tip: If you're in cities with high daily parking, consider going to an auto mechanic for a tune up or a tire rotation. Sometime it can be around the same price or cheaper than paying the $60-$70 for daily parking and you'll actually get something out of it.
I used to work at a shop, and it was $5 off, $5 on. Since a rotation isnt taking the tire off the rim, itd just be $5 per tire, so thats $20 for a rotation. If you got all the tires changed, thatd be $40. It is cheaper than the $60-$70 youre talking about, but I havent ever had to deal with that. I couldnt imagine even having to pay $20 a day to park, **** that.
**anonymous used "*roll picture*"** **anonymous rolled image**
santamansan is has no friends and his family hates him, but what he does with his dragon dildo on the roof makes me run to find mine...
Banks don't actually take your collateral into their possession until you default on your loan. By then, interest rates and mised payments fees would be costing you hundreds and it would take about 4-6 months of missed payments for the banks to reclaim collateral.
So short answer, no, it wouldn't. If every person getting a loan had to park their car with the bank after getting a loan, nobody would put their car as collateral.
actually in europe here a lot of banks do take items in possession while giving credit. There are even companies specialized in withholding and managing things such as stock (historically champagne) for the banks.
I'm to tired to do the math, but isn't the percentage of interest on a loan annualy, making a 0.3% over 2 weeks a valid number if its going over 2 weeks?
This would be absolutely brilliant if it wasn't for one flaw.
Banks charge early repayment fees because of the interest they would lose out on.
The only way this would work is if in the t&c's there was a back out clause with a time limit, which some do have.