Quote:
Originally Posted by jfnz24
I thought that SmartBuy was higher payments during the life of the loan, so that at the end, you own the car (no more payments to "close out" the loan)?
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That actually wouldn't be a "smart buy". That's called a normal retail finance contract.
A lease or balloon deal with a $1 buyback is probably what you mean. The only purpose of that would be potential tax write-offs due to higher monthly expense.