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Linda Valette, Anibal Rodríguez.
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Santo Domingo.- Santo Domingo Motors, one of Dominican Republic's major dealers on Saturday announced the lowest auto loan rate ever, and also announced a strategic financing alliance with the S&L, Popular (APAP), to benefit car buyers.

The auto dealer said the agreement will provide auto loans at a fixed rate of 9.1%, with 91 months to pay and a down payment starting from 9.1% of the vehicle’s value, or opt for a 14.50 percent fixed rate at 24 months.

The agreement, which marks its 91 anniversary, was signed by Santo Domingo Motors Marketing and Sales VP Anibal Rodriguez, and APAP Businesses vice president Linda Valette,

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COMMENTS
8 comment(s)
Written by: danny00, 11 Jun 2012 10:26 AM
From: United States, syosset, key west, santo domingo AND NOW THE GLOBE TROTTER
SOUTH FLORIDA RATES TODAY FOR CAR LOANS.

Results are for a 4 Year $25,000 Auto Loan in FL.
Pentagon Federal Credit Union
1.990% 0.000% $542.27 06/11/2012
SunTrust
3.490% 0.500% $558.79 06/11/2012
HSBC
6.990% 0.000% $598.54 06/11/2012
Whitney National Bank
2.990% 0.000% $553.25 06/11/2012
BankAtlantic
3.500% 0.250% $558.9 06/11/2012
Citizens Bank
4.750% 0.000% $572.91 06/11/2012
SunTrust
3.490% 0.500% $558.79 06/11/2012
SunTrust
3.490% 0.500% $558.79 06/11/2012
Bank of America
2.740% 0.000% $550.49 06/11/2012
BB&T
3.590% 0.350% $559.9 06/11/2012
SunTrust
3.490% 0.500% $558.79 06/11/2012
Data provided by Informa Research Services, Inc.

Written by: RoyStone, 11 Jun 2012 11:34 AM
From: Australia
Advertorial?
Written by: anthonyC, 11 Jun 2012 4:59 PM
From: United States
Written by: danny00,

SOUTH FLORIDA RATES TODAY FOR CAR LOANS.

So? That is in the USA where interest rates are low.

How much is prime rate in the D.R.?

Written by: PuntaCanaMike, 11 Jun 2012 6:47 PM
From: Dominican Republic
2 years at 14.95% is what high risk people pay back home. Is this saying that Dominicans are "High risk"? For me the answer is ...yes...have 2 loans out ...niether seem to want to pay me back and actually think they shouldn't have to...because if I lent it to them...I don't really need it.
Written by: RoyStone, 12 Jun 2012 2:34 AM
From: Australia
PuntaCanaMike,
I hope your lesson in Dominican socialism was not too expensive.
Written by: jojosnogood, 12 Jun 2012 9:29 AM
From: Dominican Republic
9.1 is good compared to what u get with other banks and cooperative.if i didn't have a car i jump on it.people have no money to buy anything any more in dr.thats why if u live here u will see so many cars in dealerships that are not moving.they have no choice.i see it getting even much better for the consumer in future years.less then 9%.everything in dr se vende,todo se vende pero nadie compra.in dr everything is for sale,but no one is buying.what money.it doesn't make sense anymore to ship a car.just buy it here now and save the fustration and the hassel of the corupted aduna,time and money.cars cost about the same here now in dr as in the states when u factor in the shipping fee and taxes.
Written by: RoyStone, 12 Jun 2012 9:40 AM
From: Australia
jojosnogood,
Why then are second-hand rattle-bucket cars so expensive in the Dominican Republic? You can pay a lot for something you'd need to pay someone to dispose of in Australia or USA.
Written by: jojosnogood, 12 Jun 2012 9:45 AM
From: Dominican Republic
because people can't afford the reg price cars.so they jack up used price cars as well to make money its a scam roystone.trust me ur better of buying a brand new car especially at 9.1%.at least u know it hasn't been abuse haha lol.
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