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Old 07-06-2012   #2
Trogdor
 
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Join Date: Aug 2011
Location: Blaine
Drives: people crazy
Posts: 985
Re: Car loans and mortgages, question

Financing with the dealer is generally your best option, assuming they work with multiple lenders like we do. There's three reasons for this, but ultimately we'll get you a better rate 9 times out of 10. Here's why:

- If we get more than 1 bank approval we'll send it back and forth between those banks and let them fight it out.
- We broker more loans for the banks in a week than most people take out in a life time. They're going to give us a better rate.
- We get paid more as a dealership when you fiance with us (the banks pay us)
We have a financial incentive to offer you a better rate.

That 1 out of 10 times when we can't beat your bank is like when someone works at a bank, or is going to use a 401k loan. However, I have seen us beat the rate of some bank employees.

PS. Come see me! I can get you just about any make and model in our 71 dealership group.

Last edited by Trogdor; 07-06-2012 at 08:42 PM..
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