447 replies to this topic

[Victoria Watcher]

Yes. Even with the 22% mandatory tip, the machine did present options for more tips.

We refused additional tips.

[Mike K.]

I’m sure other times you’d have handed the guy $20, which cost you 17.5% to get from the cash machine at the steak house, and didn’t ask for the change back.

[spanky123]

It’s all relative, right?

One guy’s idea of a predatory loan is another’s life saver, or opportunity maker, or problem solver.

It’d be nice if everyone got 2% loans for consumer purchases but that’s reserved for an exclusive few. The rest of society pays 5-10-15-20%.

 

The issue with predatory lenders is usually not the published terms of the relationship, it is the fine print that isn't fully disclosed. People have a choice deciding whether to take the 10% loan, but if they don't understand that the 10% becomes a 20% if their loan is repackaged and/or that the qualification terms can change between renewals then few of us would argue that is fair. 

Edited by spanky123, 17 October 2021 - 11:05 AM.

[Victoria Watcher]

one could well argue that 0% or low financing on new cars is predatory selling.

[spanky123]

^ If they don't disclose that the 0% isn't really 0% since the cash price is lower then yes.

[Victoria Watcher]

It's probably a bit rich to be debating car dealer ethics at all.  Be it Canada Drives or your local Dodge dealership.

Edited by Victoria Watcher, 17 October 2021 - 11:29 AM.

[Mike K.]

^ If they don't disclose that the 0% isn't really 0% since the cash price is lower then yes.

Not always.

You can snag a better deal often when you buy with a loan. The worst thing you can do is blurt out you’re buying with cash, since the cash price is already a value you can negotiate down to but dealers -hate- cash deals.

[Victoria Watcher]

https://en.wikipedia...lionaires_Index