Quote:
Originally Posted by SupraCooper
Yes, I can confirm that buy rate is .00123 and most dealers try to mark it .040ths% so that mark up is about right. If didn't mark it up they wouldn't make money and go out of business
7500 miles is +4% btw
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Typically the dealership would make a flat of 1% of the loan amount at Buy Rate. The Flat may even be capped at $500. But at Buy Rate they should still make something. (Used to be a dealership finance manager for Toyota and Lexus)