Dealer requires financing in order to reserve an incoming vehicle?

NC Gazzer · Dec 20, 2023

soundman98 said: ↑

not really. the dealer makes money on the financing end as well. the majority of new vehicle purchasers finance. but the sales staff also tend to rotate out every few weeks/months. there's absolutely no incentive to 'build a relationship' to sell the same person multiple vehicles over the course of years. every deal is situated to make/break someone's career as a salesperson, and that's only if they can most efficiently wring every profitable dollar out of every new sale./QUOTE]

It makes you wonder why anyone would aspire to be a sales person.

Marshall R said: ↑

It's not unusual, and may be a good deal. When I bought my last vehicle interest rates were somewhere between 0% to 2%. Interest rates a couple of years ago were up there, but they have moderated some. Not 2% good, but at a rate I'd be willing to pay.
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Well, I went through the financing application process and was presented with an APR close to 8%. This was 3% above what I could get at my credit union. It would be crazy to go through with this dealer financing for the sole purpose of putting a reserve on a vehicle so I told my salesperson that I would not move forward with a reserve per their plan, but once the vehicle was on the lot to let me know.

If I miss out on this, I reckon I'll be looking at a 2024 model.
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soundman98 · Dec 20, 2023

NC Gazzer[OP] said: ↑

It makes you wonder why anyone would aspire to be a sales person.
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i think you're confusing 'aspire' and 'required'(to stay alive)!

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Dealer requires financing in order to reserve an incoming vehicle?

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Dealer requires financing in order to reserve an incoming vehicle?

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