Thread: Dealer Reserve
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Old 07 Apr 2004, 02:40 am
Gus
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Default Re: Dealer Reserve

Elmo P. Shagnasty wrote:

> In article <3fc2f65c.0404060959.6093f14f@posting.google.com >,
> roadierogerbugsplat@earthlink.net (Roadie Roger) wrote:
>
>
>>Anyone catch the 60 Minutes piece on Dealer Financing? The Finance
>>guy can add 1 - 3 percentage points (or more) to your loan and get a
>>check (dealer reserve) from the finance company for the extra profit.

>
>
> This isn't news. That 60 Minutes thinks it is, is why I stopped
> watching 60 Minutes about 20 years ago.
>
> Anyway, take my advice to heart: buy the car from one guy in one
> transaction, and buy the money from someone else in a completely
> separate and unrelated transaction.
>
> In other words, don't use the car salesman or dealership to arrange the
> financing. Arrange it yourself.


Doesn't it depend on who's offering the best deal?

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