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Often 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 Dod
by nicenewtemp84 3y ago
Often 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.