A Reputable Dealership? The Consumer Financial Protection Bureau has issued subpoenas to several “buy-here, pay-here” auto lenders, citing the sale of financial products such as…
Tag: dealer
The cost of the auto distribution system in the United States has been estimated as averaging up to 30 percent of vehicle price, with 15 percent on the end of the manufacturer (in the form of advertising, loans, and rebates) and the other 15 percent solidly on the side of the retailer, or dealer. This 15 percent of the total price of a given vehicle is due to the cost to dealers of financing inventory, paying for insurance, advertising, and paying commissions.1