Special Finance Rates that Dealers Keep Secret
In this TikTok video, we share why some car dealers do not tell you about special finance rates offered by automakers.
Dealers make less money on special finance rates, because they cannot mark up the APR for more profit. Instead, dealers want you to use their “preferred” third-party lender.
With one brand, over 80% of their customers overpaid by financing through the dealer’s preferred lender.
To come out ahead, always research the automaker’s rates and rebates before setting foot into a dealership.
To do that, use Leasehackr’s new Rate Findr, the only place where consumers can look up both lease and finance rates and rebates on demand.
Happy Leasehacking!