Car dealers with own financing
[PDF File]Audits of Automobile Dealerships Independent Used ...
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Independent Used Automobile Dealerships Introduction The used car industry is composed of new car dealers who accept trade-ins on the sale of new automobiles and can also purchase used vehicles directly from customers, other car dealers, or at wholesale auto auctions, and independent auto dealers. These dealers are not affiliated with an
[PDF File]FTC FACTS for Business
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FTC FACTS for Business F OR T HE C ONSUMER 1-877-FTC-HELP ftc.gov F EDERAL T RADE C BUSINESS OMMISSION FREQUENTLY ASKED QUESTIONS THE FTC’S PRIVACY RULE AND AUTO DEALERS T he Federal Trade Commission (FTC) has developed these additional FAQs to help auto dealers comply with the Gramm-Leach-Bliley Act and the FTC’s
[PDF File]Race and Gender Discrimination in Bargaining for a New Car
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different dealerships for a total of nine car models,5 following a uniform bargaining script that instructed them to focus quickly on one particular car and start negotiating over it. At the beginning of the bargaining, testers told dealers that they could provide their own financing for the car. After deciding which car they were going
[PDF File]Dealer Floor Plan Financing - NIADA
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financing for retail goods. These loans are made against a specific piece of collateral (i.e. an auto, RV, manufactured home, etc.). When each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. In short, Dealer Floor Plan financing allows dealers to …
[PDF File]Loan Discrimination At The Auto Dealership: Current Cases ...
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About one-third of all buyers rely on the first class, auto dealers, to finance their new car.2 Few prospective buyers obtain their own financing, prior to setting foot inside the showroom floor. For those that obtain prior financing, they have the significant
GE FAQs DEALER NETWORK IN-DEPTH ANSWERS ABOUT THE ...
to purchase their trade-in and to arrange financing. Most dealers have multiple financing sources and shop those sources for competitive rates. On average, financing obtained at a franchised new-car dealership is typically lower than comparable financing obtained elsewhere. Consumers purchase new cars and trucks infrequently.
[PDF File]Used and Abused by the Used Car Industry: Predatory ...
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the Used Car Industry: Predatory Lending in the ... co-chaired a public hearing on the sales and financing practices of used car dealers. DCA had proposed a hearing after an analysis of both internal and external data ... revealed a troubling pattern of predatory practices associated with used car dealer financing. DCA reviewed its own consumer ...
Understanding Vehicle Financing
2 Understanding Vehicle Financing With prices averaging more than $31,000 for a new vehicle and $17,000 for a used model from a dealership, you might consider financing or leasing your next vehicle. You have two financing options: direct lending or dealership financing.
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