Wednesday, April 20, 2011

Our local credit union thinks we're all math illiterate

The local credit union is running a commercial right now, offering a car loan with a "tasty low rate" AND 1% cash back when you get your loan. That sounds exciting, until you do the math and realize that if you buy a car at $10,000...then your "cash back" is a whopping $100. Enough to fill up the gas tank 1.5 times. I am not sure why I am supposed to be excited about that.
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2 comments:

  1. Mom and Dad BeanApril 20, 2011 at 11:21 PM

    Trust a credit union. Next time try a bank

    Dad

    ReplyDelete
  2. CaileyApril 21, 2011 at 7:46 AM

    haha well Jen, sadly a lot of people dont do the math, and think, Wahoo, 1% back!

    ReplyDelete

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