Auto Loans From Dealerships
November 15th, 2011
Why is it easier to get Auto Loans from dealerships instead of with banks or online lenders? The answer is simple. Dealerships will make money hand over fist because of the sale price and the interest charges. They tack on a high price tag on the car plus they will collect the interest payments on your monthly installments. It’s a win win situation for them because they know that they can always repossess the car and sell it off again if you don’t cough up the money to pay. Even if you manage to pay it off early, they’ll still get a lot of money from you.
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