3 ms·
Cause car financing is more profitable than selling the cars.
by tibbydudeza 4y ago
Cause car financing is more profitable than selling the cars.
- nicenewtemp84 4y agoOften car manufacturers offer subsidized rates to most buyers buying new cars. Sure Audi and Porsche are standing firm at 2.9% for 60 months pre2022, but GM Dodge Ford had no shortage of 0% for 60 months. Is that really profitable? Or are they making it all on lower tier buyers at 6.9%? I worked in the car business for years and most manufacturers don't touch actual bad credit people, so all that 10%+ loans you hear about are at other banks dealerships go through.