Nostr Web Client

I personally know someone who recently went to buy a car at a local dealership. She picked out a car and told the salesman she'll take it. He starts preparing the loan documents. She says no thanks, I'll pay in full now...no loan.

He was pissed and acted like he didn't even want the sale. He was SELLING THE LOAN. I wonder how much more they make from the financing. I will look this up and find out. If anyone knows, let me know.

This was a brand new vehicle. They are selling debt slavery.

#nostr #finance #debt #btc

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Discussion

Ryan 5mo ago

Hell yea they are. I used to manage sales and finance at the Chevy place in Farmington. My fiat job God saved me from. Its all debt slavery. Commission on a new car might be $50-$100.

Financing changes everything, you're being funneled into a kill box. $500- $1500 on the "backend".

Its all a bait and switch, the customer doesn't even know what they are supposed to be negotiating on.

God help us.

HoylesPattern 5mo ago

Duh! They’ve been doing this for decades. Their money is not made by selling cards but through finance, optional extras, car protection, servicing at the dealership. Extended warranties now being offered are quite often tied to dealership servicing and not actually related to the quality and reliability of the vehicle (which is implied by the manufacturer providing long warranties).

Peter Sweat 5mo ago

Total rip off