Saturday, October 31, 2009

How come car dealerships will not show you the best APR when financing a vehicle?

The APR you will get will depend on the size of your down payment, what you are looking to finance, the balance after the down, and your credit rating. And it is generally banks that give the APR, not car dealerships who are not in the business of lending money.



How come car dealerships will not show you the best APR when financing a vehicle?

The good dealerships do



How come car dealerships will not show you the best APR when financing a vehicle?

Because that%26#039;s how they make money



How come car dealerships will not show you the best APR when financing a vehicle?

Because they inflate the APR, taking the difference between what was actually offered to you and what you are willing to pay them as profit.



How come car dealerships will not show you the best APR when financing a vehicle?

They get kickbacks from some lending institutions. Get your financing arranged before you go car shopping through your bank or CU.

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