3 ms·
I am pretty sure the dealer gets the money up front + a fee. Say take out a 35k loan, paperwork clears, dealer gets a check for $35,500.. the $500 being a "bon
by brianwawok 5y ago
I am pretty sure the dealer gets the money up front + a fee.
Say take out a 35k loan, paperwork clears, dealer gets a check for $35,500.. the $500 being a "bonus" for originating the loan from the lender.
- sonotathrowaway 5y agoDealerships typically get points on the loan - the approving bank will give an approval for x amount, not to exceed y after taxes/fees/warranties. The amount paid to the dealer will vary, but typically = y * points on the loan