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Another common thing that dealers do is offer to contact your bank for you, and then they add percentage points on top of what the bank offers. They call it
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#14 (permalink) |
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Join Date: May 2010
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Another common thing that dealers do is offer to contact your bank for you, and then they add percentage points on top of what the bank offers. They call it "making a point" on the loan. They get the extra interest kickback to make up for giving you a lower price on the car (or so you think, because you typically end up spending way more on the interest)
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