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What interest should we charge on the sale of our automotive repair business?

Posted on: 28th Nov, 2009 11:45 am
We are selling our automotive repair shop and are considering 8.5 - 9.5% interest for the financing depending on the down payment. Is this a reasonable ingterest rate to charge?
What interest rates are your competition using for similar sales?
Posted on: 29th Nov, 2009 05:23 pm
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