Santo Domingo.- The 15th annual Popular Auto Fair 2011, Dominican Republic’s biggest offering of vehicles, began Thursday night, with as much as 80% financing for the value of the automobile.
Popular bank executive vice president Fernando Olivero announced the market’s most competitive interest rates and fixed terms this year and extended payment periods from five to six years.
The Popular Auto Fair will open starting Friday morning and last until Sunday, in the parking lot of the Torre Popular building, from 10am to 10pm, while trasnactiions available 24 hours on its Website www.autoferiapopular.com.do.
Written by: josean, 2 Dec 2011 8:42 AM
From: United States, Show your Love for DR Vote AGAINST the PLD!
From: United States
with 20 18 to 21 percent interest rate on auto loans no thank you, popularbank you can take your exec middle finger and stick it up where the sun dont shine
From: Dominican Republic
Does anyone in that picture look Dominican? These are the white crooks of DR who are robbing the people blind. They want the big down payment, and the first payment missed, they take the car and it’s off making more money again. They want them to miss a payment, this is how they make there money.
Written by: generoso, 2 Dec 2011 12:20 PM
From: United States, Quisqueya
The white collar banker bandits in DR have the knife in their mouths, looking for new victims.
Those stupid enough to fall for "lower" interest rates (for six months only) that are later raised at will, of an usury rate of a "low" 20% that is not including forcing you to buy additional insurance through their affiliates, and a bunch of other "legal and documentary expenses" that raises the payments closer to an usurious 28 to 35% a year.
These two arm bandits that charge 100% interest on their credit cards flourish in a country run by the political mafias, and the their banking partners, that do no allow transparency and object to laws to protect the consumers from the Superintendencia de Bancos.
From: United States
blathers anthonyc
Nobody is forcing you to take out one of their auto loans(Not like you would even qualify for one) So why are you complaining?
well, anthony cretin, not everyone is BillGates, like you are. some of the mere mortals, whom you appear to despise, have to rely on credit, what with the realities of the world in which some of us live. even the mighty USA lives on credit. the objection is to the rates of interest, which can be as high as 25%, and more. teaser rates get the vulnerable into the trap, then, when the reset comes, they are doomed to default. just the way you like it. by the way, the real world despises you , too, as a reciprocity of duty.
Written by: josean, 2 Dec 2011 12:40 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
dread and the Professor,
Just like old times; the two of you as usual trying to eolquently educate the untutored mob!
From: United States
Written by: anthonyC, 2 Dec 2011 11:00 AM
From: United States
Nobody is forcing you to take out one of their auto loans(Not like you would even qualify for one) So why are you complaining?
Oh..I know why.
haha i swear this filthy scum def must be working for the PLD or for some dirty politico, he seems to always be defending the gov and some of the dirty execs that run this country, and for your information i do qualify for one, but the fact of the matter is that i rather flush my money down the toilet the day i decide to pay 20 percent on an auto loan.
Written by: Escott, 2 Dec 2011 4:56 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
Interesting thing about the high interest rates in this country is the lack of mortgages.
Look at the mortgage crisis facing the world. Years later the foreclosures didn't disappear and still going strong. Yet they are forclosing on 8% and lower mortgages. Retired people have no yearly interest per say in the US and are finding times difficult.
Consider that the mortgage crisis started the Banking crisis and then the total financial crisis. So although our President says we are not affected by the world problems (yeah right) we didn't get crushed.
Heck the US rejoices at a drop from 9 to 8 point something Unemployment. Hell we also have that beat here also! LMAO
Yes interest rates are high here and yes the banks make money. They have also been crooks but...
Written by: josean, 2 Dec 2011 6:15 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Speaking of Banks and Crooks, which go hand in hand like Peanut butter and Jelly:
Here is another item for your scrap book, (emphasize on crap) under the section titled figures don’t lie but liars figure:
The Reserve Bank has lent 14 billion to contractors in an irregular manner
SANTO DOMINGO (r. Dominicana).-El Banco de Reservas hase loaned about 14 billion pesos to state contractors solely with the endorsement of a letter from the Ministry of finance, so it is not registered as public debt.
In a statement offered this Friday, by the Economic Commission of the Dominican Revolutionary Party wher it is claimed that the objective of this operation, which it describes as "illegal" is to avoid that the Government’s credit ceiling does not exceeds the amount set as a limit in the stand-by with the International Monetary Fund (IMF) agreement.
Can anyone say fuzzy math!
continued:
Written by: josean, 2 Dec 2011 6:16 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
From: United States
says the missing link
Written by: anthonyC, 2 Dec 2011 4:07 PM
From: United States
Dready calls me a Cretin and then continues by spewing forth Fascist Talking Points.
i had no idea that opposition to usury is a Fascist idea. well, i guess you can learn from even a child. in this case, a grown man, with the mind of an infant.
Written by: anthonyC, 3 Dec 2011 12:10 AM
From: United States
Dready,
Well you are the one who wants a strong, centralized, government controlled economy. You are the one who puts the state over the freedom of the individual. You are for Price controls and crony capitalism. You are for punishing business that have the gall to actually make money.
From: United States
says the mental midget
You are for Price controls and crony capitalism
crony capitalism, states the King of Dumb. show me one remark i have ever made which suggests that i am for crony capitalism. then again, i retract, and forgive you, since i know that your problem is that you do not know what it means. i am the socialist, remember?capitalism? naah.
Written by: Grosero, 3 Dec 2011 12:48 PM
From: United States
another buy here, pay here scam
From: Dominican Republic
I bought a new vehicle through Banco Popular. A few months after I got the loan, they INCREASED the interest rate by 10%.
Never again, Banco Popular. NEVER.
And guess what, THE DEALER DOESN'T HAVE ANY PARTS FOR THE CAR I BOUGHT!!!!
Written by: RoyStone, 4 Dec 2011 11:03 AM
From: Australia
What I don't understand, is the fact that Dominican banks charge such exorbitant interest rates, but pay such abysmal interest rates on deposit stock or accounts in credit.
In most countries, you can look up what they pay on the internet, or pick up a printed sheet with their rates, at a branch. Here you ask what their rates are, they take you into a back office, look at a sheet hidden in a drawer, then scribble a number on a piece of scrap paper. That's competition in a free enterprise economy?
Taking out a loan to buy a house to live in or to rent out makes sense if the value of the property increases. However cars always depreciate rapidly from the moment you leave the showroom. If you need to borrow money to buy one then you can't afford it. Get something cheaper.
Written by: RoyStone, 4 Dec 2011 11:04 AM
From: Australia
"Honeymoon" rates are particularly attractive to Dominicans. Get the biggest, shiniest jepetta with the loudest sound system you can. By the time the rates go up Jesus will make sure you win big at the banca. No matter what the banks charge, it will be cheaper than the compraventa.
Written by: josean, 4 Dec 2011 6:58 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
An update on Banco Popular’s Usury Fair 2011!
“Until this afternoon the volume of loans approved to purchase a new vehicle exceeded the RD$ 1 billion, it is estimated they outweigh those of last year.
Executives of Banco Popular attributed the success to the “attractive offer of rates” and fixed deadlines.
They explained the types of financing ranging from loans of 9.95%, for a fixed term of six months, and other very convenient options as a rate of 10.95% fixed for 12 months and of 11.95% for a fixed period of 24 months.
In addition, they said that the Bank is offering the possibility of extending the time limit for payment up to 72 months, provided that the vehicle has been acquired during the days of the fair.”
You get a better deal from a New Jersey Loan Shark!
http://www.almomento.net/news/127/ARTICLE/101445/2011-12-04.htmlWritten by: josean, 4 Dec 2011 7:24 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Meanwhile back in the Civilized Financial world:
2012 Jetta S
$0 Down / $0 1st Mo. Payment / $0 Sec. Dep. / $0* Due at Signing
$219*/Month. 36-month lease. $0 due at signing.
(Excludes title, tax, options and dealer fees. Excludes TDI models.)
Lease a 2012 Jetta S with manual transmission for $219* a month. 36-month lease, $0 due at signing. (Excludes title, tax, options and dealer fees. Excludes TDI models). See your local VW dealer for this limited time offer or for one of many other great lease deals available on Jetta models.
National Offer | Offer ends January 3, 2012
Tpyota Venza
Get 0% APR for 36 months on a new 2011 Venza!
0% APR for 36 months
1.9% APR for 48 months
1.9% APR for 60 months
Includes Toyota Care Featuring a complimentary maintenance plan with roadside assistance.*
Offer Ends 1/3/2012
Subaru Legacy
Starting at $19,995
1.9% Financing
1.9% Financing on All 2012 Subaru Legacy Models
Offer Ends Jan.
Written by: josean, 4 Dec 2011 7:25 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Continued:
2012 Accord Sedan 5 Speed Automatic LX Featured Special Lease
Offer valid from 11/1/2011 through 1/3/2012
$199.00 per month for 36 months. $1,999.00 total due at signing.
Includes down payments with no security deposit. Excludes taxes, titles and dealer fees.
2011 Nissan Maxima
2011 Maxima 0.0% APR financing for up to 60 months or 1.9% APR financing for up to 72 months
PLUS $500 NMAC cash for well qualified buyers OR $2,500 cash back
Or you can take the METRO!
From: Dominican Republic
Anybody wonder why Banco Popular earned more money last year than any other company?
No, wait.. I hate to use the word "earn" in that sentence. I can think of a lot of words that more appropriately describe what Banco Popular does with it's customers.
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The correct web address for the USURY interest rates is
http://www.autoferiapopular.com.do./index.php?r=site/index
The white collar banker bandits in DR have the knife in their mouths, looking for new victims.
Those stupid enough to fall for "lower" interest rates (for six months only) that are later raised at will, of an usury rate of a "low" 20% that is not including forcing you to buy additional insurance through their affiliates, and a bunch of other "legal and documentary expenses" that raises the payments closer to an usurious 28 to 35% a year.
These two arm bandits that charge 100% interest on their credit cards flourish in a country run by the political mafias, and the their banking partners, that do no allow transparency and object to laws to protect the consumers from the Superintendencia de Bancos.
Nobody is forcing you to take out one of their auto loans(Not like you would even qualify for one) So why are you complaining?
well, anthony cretin, not everyone is BillGates, like you are. some of the mere mortals, whom you appear to despise, have to rely on credit, what with the realities of the world in which some of us live. even the mighty USA lives on credit. the objection is to the rates of interest, which can be as high as 25%, and more. teaser rates get the vulnerable into the trap, then, when the reset comes, they are doomed to default. just the way you like it. by the way, the real world despises you , too, as a reciprocity of duty.
dread and the Professor,
Just like old times; the two of you as usual trying to eolquently educate the untutored mob!
From: United States
Nobody is forcing you to take out one of their auto loans(Not like you would even qualify for one) So why are you complaining?
Oh..I know why.
haha i swear this filthy scum def must be working for the PLD or for some dirty politico, he seems to always be defending the gov and some of the dirty execs that run this country, and for your information i do qualify for one, but the fact of the matter is that i rather flush my money down the toilet the day i decide to pay 20 percent on an auto loan.
Look at the mortgage crisis facing the world. Years later the foreclosures didn't disappear and still going strong. Yet they are forclosing on 8% and lower mortgages. Retired people have no yearly interest per say in the US and are finding times difficult.
Consider that the mortgage crisis started the Banking crisis and then the total financial crisis. So although our President says we are not affected by the world problems (yeah right) we didn't get crushed.
Heck the US rejoices at a drop from 9 to 8 point something Unemployment. Hell we also have that beat here also! LMAO
Yes interest rates are high here and yes the banks make money. They have also been crooks but...
Speaking of Banks and Crooks, which go hand in hand like Peanut butter and Jelly:
Here is another item for your scrap book, (emphasize on crap) under the section titled figures don’t lie but liars figure:
The Reserve Bank has lent 14 billion to contractors in an irregular manner
SANTO DOMINGO (r. Dominicana).-El Banco de Reservas hase loaned about 14 billion pesos to state contractors solely with the endorsement of a letter from the Ministry of finance, so it is not registered as public debt.
In a statement offered this Friday, by the Economic Commission of the Dominican Revolutionary Party wher it is claimed that the objective of this operation, which it describes as "illegal" is to avoid that the Government’s credit ceiling does not exceeds the amount set as a limit in the stand-by with the International Monetary Fund (IMF) agreement.
Can anyone say fuzzy math!
continued:
I feel sorry for WHOEVER wins the next election; they will find that Fukushima Daiich Nuclear plant is more operational than the Dominican government’s finances.
http://www.7dias.com.do/app/article.aspx?id=112242
Written by: anthonyC, 2 Dec 2011 4:07 PM
From: United States
Dready calls me a Cretin and then continues by spewing forth Fascist Talking Points.
i had no idea that opposition to usury is a Fascist idea. well, i guess you can learn from even a child. in this case, a grown man, with the mind of an infant.
Well you are the one who wants a strong, centralized, government controlled economy. You are the one who puts the state over the freedom of the individual. You are for Price controls and crony capitalism. You are for punishing business that have the gall to actually make money.
You are for Price controls and crony capitalism
crony capitalism, states the King of Dumb. show me one remark i have ever made which suggests that i am for crony capitalism. then again, i retract, and forgive you, since i know that your problem is that you do not know what it means. i am the socialist, remember?capitalism? naah.
Never again, Banco Popular. NEVER.
And guess what, THE DEALER DOESN'T HAVE ANY PARTS FOR THE CAR I BOUGHT!!!!
In most countries, you can look up what they pay on the internet, or pick up a printed sheet with their rates, at a branch. Here you ask what their rates are, they take you into a back office, look at a sheet hidden in a drawer, then scribble a number on a piece of scrap paper. That's competition in a free enterprise economy?
Taking out a loan to buy a house to live in or to rent out makes sense if the value of the property increases. However cars always depreciate rapidly from the moment you leave the showroom. If you need to borrow money to buy one then you can't afford it. Get something cheaper.
An update on Banco Popular’s Usury Fair 2011!
“Until this afternoon the volume of loans approved to purchase a new vehicle exceeded the RD$ 1 billion, it is estimated they outweigh those of last year.
Executives of Banco Popular attributed the success to the “attractive offer of rates” and fixed deadlines.
They explained the types of financing ranging from loans of 9.95%, for a fixed term of six months, and other very convenient options as a rate of 10.95% fixed for 12 months and of 11.95% for a fixed period of 24 months.
In addition, they said that the Bank is offering the possibility of extending the time limit for payment up to 72 months, provided that the vehicle has been acquired during the days of the fair.”
You get a better deal from a New Jersey Loan Shark!
http://www.almomento.net/news/127/ARTICLE/101445/2011-12-04.html
Meanwhile back in the Civilized Financial world:
2012 Jetta S
$0 Down / $0 1st Mo. Payment / $0 Sec. Dep. / $0* Due at Signing
$219*/Month. 36-month lease. $0 due at signing.
(Excludes title, tax, options and dealer fees. Excludes TDI models.)
Lease a 2012 Jetta S with manual transmission for $219* a month. 36-month lease, $0 due at signing. (Excludes title, tax, options and dealer fees. Excludes TDI models). See your local VW dealer for this limited time offer or for one of many other great lease deals available on Jetta models.
National Offer | Offer ends January 3, 2012
Tpyota Venza
Get 0% APR for 36 months on a new 2011 Venza!
0% APR for 36 months
1.9% APR for 48 months
1.9% APR for 60 months
Includes Toyota Care Featuring a complimentary maintenance plan with roadside assistance.*
Offer Ends 1/3/2012
Subaru Legacy
Starting at $19,995
1.9% Financing
1.9% Financing on All 2012 Subaru Legacy Models
Offer Ends Jan.
Continued:
2012 Accord Sedan 5 Speed Automatic LX Featured Special Lease
Offer valid from 11/1/2011 through 1/3/2012
$199.00 per month for 36 months. $1,999.00 total due at signing.
Includes down payments with no security deposit. Excludes taxes, titles and dealer fees.
2011 Nissan Maxima
2011 Maxima 0.0% APR financing for up to 60 months or 1.9% APR financing for up to 72 months
PLUS $500 NMAC cash for well qualified buyers OR $2,500 cash back
Or you can take the METRO!
No, wait.. I hate to use the word "earn" in that sentence. I can think of a lot of words that more appropriately describe what Banco Popular does with it's customers.