unless they are financing the vehicles themselves, I find it hard to believe that they will offer financing for "any" buyer for rates that low. Typically sub-prime or clients with derogatory credit will pay a premium when financing a vehicle.
Having said that, who really knows anymore with any of these companies.
Our dealership will take vehicles in on consignment. Why consign a vehicle with a Used car dealership? well, we can offer financing, extended warranties, life insurance etc. It does make it easier to sell a vehicle for sellor when typically the sellor cannot offer those features.
We charge a rate of 7% with a minimum of $500.00 to consign a vehicle. This fee is only charged if we actually sell the vehicle. If we dont, then there is no cost to the sellor.
We require that the vehicle goes through a mechanical fitness report because AMVIC (Alberta Motor Vehicle Industry Council) requires it. Usually the cost for something like that is $100.00.
So getting back to your question at hand, I am sure they can offer financing. Can they give 4.9% to everyone...I find that highly unlikely.
just my $0.02.
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