u/PocketWettie

Not well advertised features of the Geely low rate finance

So we have recently purchased our EX5 (awaiting delivery) and took up the 5 year finance offer - 2.68%.

Doesn't seem to really advertise that there is an exit fee (up to $1000) which we anticipated, but a $1500 "Introducer Fee" which didn't really seem to be highlighted up front as well as you'd hope.

Weighing this offer up against the Essential Workers rate at CBA (5.79%) you could argue that the far lower setup fee and no exit fee well and truly offsets the marginally extra per fortnight on the repayments.

Aside from that, unless you take the loan in joint names, spousal income isn't very much taken into account.

Assume the experience of how well the fees are advertised varies by dealership, but this was ours and just wanted others to be aware of the fees. 😊

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u/PocketWettie — 12 days ago