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Dealers regularly try to attract customers with special discounts and credits, which are known in the industry as “incentives” like “no money down,” 0% financing, cash-back rebates and ...
No-Money-Down Loans If money is tight and you really need a car, you might have to opt for a no-money-down loan, which is rare but still available at many dealerships.
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Mitsubishi Motors North America, Inc. is the U.S. operation of Mitsubishi Motors Corporation, overseeing sales and research and development functions.The company manufactures and sells Mitsubishi brand cars and sport utility vehicles through a network of approximately 350 dealers.
The dealer has the option of marking up the interest rate of the contract and retaining a portion of that markup. For example, a bank may give a wholesale money rate of 6.75% and the dealer may give the consumer an interest rate of 7.75%. The bank would then pay the dealer the difference or a portion thereof.
Dealer financing is an option automobile dealerships offer to customers purchasing a vehicle. It is a significant source of profit for dealerships, with estimates suggesting that 78 percent of all cars are financed through this method. However, dealer financing may not always be the most advantageous option for buyers.
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