davescharf- GoldenHas donated $ to the upkeep of GPL
Steve MN wrote:
Cowgirl wrote:
I cannot believe how much dealers seem to not want me to buy a vehicle from them. Clearly they hate people who have their own financing.
This is exactly it. The last I looked into this, the companies made way more money on the financing than they did on the sale of the vehicle itself.
Financing is 4.8% of revenue but 29% of gross profit for an average dealership
New car sales are 52.3% of revenue and 14.3% of gross profit
Source: Fightingchance.com