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Because the rate isn't where they're making money. The rate is almost certainly a distraction from unfavourable terms elsewhere.
by justinjlynn 8y ago
Because the rate isn't where they're making money. The rate is almost certainly a distraction from unfavourable terms elsewhere.
- TylerE 8y agoIt's the free market at work, to an extent. If Toyota doesn't want to offer $rate, Hyundai will - and now Toyota has to match it or they lose market share. (Of course, it's more complex than that, since obviously people get car loans from banks, but most of the big automakers have finance arms).
- justinjlynn 8y agoIn a sense it's rather unfortunate that the market drives the evolution of obfuscated contractual agreements. Of course, it's not surprising at all.