Glossary / General

interest

8 Episode Mentions

Too Afraid to Ask

Interest is the extra money you pay to a lender for borrowing cash to buy a car. It’s added on top of the car’s price.

Technical Definition

Interest is the cost of borrowing money to purchase a vehicle, expressed as a percentage of the loan amount. It adds to the total amount you pay over time.

Hear It Discussed

"we're paying six or so percent interest in all these cars on these millions of dollars of cars we have in the lot. So every day that those cars sit there, we're paying interest."
Dealers Can't Sell NEW CARS | Ford & Mazda Dealer Joins the Show | Episode 1061 CarEdge Live 09:53

""how much interest will I pay on this vehicle or what's the depreciation schedule on a Mercedes GOB?""
Episode 3 - RideWithYusuf - Behind The Scenes In A Used Car Dealership The Doug Horner Show 37:41

"I'm going to borrow £300,000. The £300,000 you borrow at 8%, what's that? £24,000 interest. If I had that about you, I'd go, what's that? That's £408,000, £60,000, £70,000 a week. Interest."
The Most BONKERS SuperCar Collector & His Wild Companies! Supercar Nigel Road To Success with Benedict Fowler 27:36