Adam Clark
👤 SpeakerAppearances Over Time
Podcast Appearances
That's doable.
It's not necessarily financially responsible.
And really the big issue there, and I'm touching on this because it will feed into some kind of tidbits around the green loans.
The issue there is that, yes, you might get car finance at 5% instead of 10%.
But you're then paying for it over 30 years.
So the lifetime cost of that borrowing actually is significantly more.
And it's based on the term of that loan.
Correct.
Yeah, that car will be long gone.
So no, you're absolutely right.
There is some really awesome product available.
You know, green loans, good energy home loans, greater choices loans.
Pretty much all the banks offer them.
Not all, but most.
But they do have slightly different structure around how they operate.
So one of the banks will give you 0%.
Totally.
It's free money, basically.
The catch with that is it's structured over a relatively short term and so it becomes expensive.
So that's a maximum facility size of $50,000.