2005-2014 Mustangs Discussions on the latest S197 model Mustangs from Ford.

Another interest rate question....

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Old Jun 9, 2005 | 02:12 PM
  #21  
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Scaught
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Joined: Mar 2005
Posts: 264
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Default RE: Another interest rate question....

A buddy of mine is a finance manager for a dealership and he pulls down 150,000$ a year. Someone is making big money on all this. I walked into the dealership with quotes on pre approved loans from three other sources and put them on the table. Then I said, "can you beat them?" They did by a point.

Never walk into a dealership unarmed...
Old Jun 9, 2005 | 04:16 PM
  #22  
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KandyMan
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Joined: Apr 2005
Posts: 259
From: Yonkers, NY Westchester County
Default RE: Another interest rate question....

well i work at a very conservative dealer.......everyone gets 1pt over the buy rate, warranties are only marked up 2-300 bux over cost...were very honest and straight forward...were not allowed to "crack" people....i make waaaaaayyy less than 150k, but i do know guys/gals in the business all the way up to 225k per year...its all in teh store, what you sell, and how much competition there is
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