Most car dealerships are just loan companies

[Jason Voorhees]

I recently learnt this but car dealerships make the of the majority of their profit by giving put loans on a high interest rates. The cars are just a collaterals that you get to keep amd enjoy while the dealership makes most of the money. This is why the guys at the dealership are so adamant on you buying their car by financing instead of cash because they make more money in the end.

 

[Deleted member 22888]

bhai wait to u hear about the housing market

 

[Jason Voorhees]

@ChadL1te

 

[Light•]

Lmfao I had a friend who worked at a dealership and his boss told him to target minorities because they had no financial literacy and would take the worst loans possible

 

[Jason Voorhees]

Lmfao I had a friend who worked at a dealership and his boss told him to target minorities because they had no financial literacy and would take the worst loans possible

The hellcat, SRT and Mustang guy