- Joined
- Apr 21, 2021
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- 40
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- 1,760
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- Location
- Prestonburg,KY.
- Vehicle(s)
- Ford Tempo, Ford Mustang,FFR,Crown vic.
- Banned
- #586
Banks that are smart don't write loans for that type of silliness.If they are being fools with their money, that's their problem for getting too long of terms, not putting enough down, not paying the loan down sooner than the terms etc..
And your point is?
Point is, if banks you have a working relationship with won't write the loan, that is a red flag. mostly that it's a bad deal.
dealerships like these online ,shop,buy and we bring it to you. pad the % rates to make up for the lenders they use taking on the risk level. That extra % rate over what the customer should have got the carvana's etc get a bonus from the lender for making that happen.
Dealer that pay more for a unit than they sell them for, are making up the difference somewhere. you figure out where.
It isn't that hard. Hint it's in the finance dept.
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