2 ms·
Don’t dealerships make a good percentage of their profits from finance charges? The last time I bought a car, it took an hour of cajoling to get the cash price
by giaour 5y ago
Don’t dealerships make a good percentage of their profits from finance charges? The last time I bought a car, it took an hour of cajoling to get the cash price of a three year lease
- giobox 5y agoAbsolutely. To take Ford as an example, It’s not that huge an exaggeration to suggest Ford manufactured cars with virtually no profit margin to help sell profitable loans via its Ford Credit arm at various times in its recent history, rather than providing loans to help sell the cars at profit. Ford Credit is a huge part of Ford’ overall business.