4 ms·
When I went to get my first car (around 1996), I had some cash from a settlement that happened when I was a kid. I remember my mom saying that I'd get a better
by hateful 5y ago
When I went to get my first car (around 1996), I had some cash from a settlement that happened when I was a kid. I remember my mom saying that I'd get a better deal because I had cash, but it turned out to be quite the opposite, they wanted me to have a loan. So whenever this changed (couldn't read the article), I'd imagine it was prior to the 90s.
- ssharp 5y agoThe dealers are using 3rd-party partners to finance the loans. The only risk the dealers take is if you're rejected and can't buy the car. Besides that, the loan is the same as cash for them, except they also get kickbacks for the financing lead.