He was using this to point out the discrepancy between the lease rate from Uber's pre-selected finance company (15%) and the best possible rate one could get - 3%.
It's just to illustrate the range of finances, and note that the finance company is literally charging 5x!
In terms of credit, yes, better credit helps, but also since it's a secured loan, it's not like a credit card.
It's just to illustrate the range of finances, and note that the finance company is literally charging 5x!
In terms of credit, yes, better credit helps, but also since it's a secured loan, it's not like a credit card.