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Dealerships also have what is called a lotting loan, because the dealer doesnt have all that money to pay for all those cars on the lot they get a bank
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05-21-2012, 09:59 AM
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Base Member
Join Date: May 2012
Location: Rockwall, TX
Posts: 117
Drives: 12 NiSSAN 370Z nismo
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Dealerships also have what is called a lotting loan, because the dealer doesnt have all that money to pay for all those cars on the lot they get a bank to loan them the money and then pay them back as soon as the car is sold but then they also pay interest it isnt a high rate but its still money that the dealer doesnt want to pay they are in the game to make as much money as possible not lose money. I worked in the accounting department for a dealer for about a month lol
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