Galactica
Expert Member
- Joined
- Jun 27, 2006
- Messages
- 3,325
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Having a problem with this industry, the bank says "apply directly for finance with us and we'll give you a better rate...dealerships will include commission in the rate". The dealership say "we have our own finance admin who deals with the banks and the rate we give you is the same you will get if you go directly to the bank". I tend to believe the bank but the dealership will go as far as insisting that you do another finance application with them and refusing to give you the quote which the bank needs to give you the rate directly. However it's true that the process tends to run quicker when it's the dealership handling the application, but at the end of the day one wants the best rate.