"Even without zero percent financing, our marketing costs are still far too high."
It is offered for 10 percent down and 90 percent financing.
They decided to wait for the 100 percent financing offered through the city-Dime program.
Q. Why are you worried about zero percent financing for cars?
"Before that, you could make one phone call and get 90 to 95 percent financing," he said.
We can do 100 percent financing without having to deal with a program like this.
Everyone agrees that 1.9 percent financing is a good deal.
If the court orders 100 percent financing, $500 million in new money would have to be found by the end of the month.
"We were also able to offer buyers 90 percent financing."
In the city's program, the 1 percent financing will apply to about two-thirds of the development cost.