Quote:
Originally Posted by bagofpucks
Sorry, the $8K cash back was just added to the car loan and they got the $8K in cash. When I bought a car earlier in the year the dealerships were really pushing the cash back piece of financing. It makes no sense to me, but apparently it appeals to some folks.
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They likely get paid a higher brokerage/reserve for higher lending. I haven't seen that side of the business for some time, but that used to be the case.