Quote:
Originally Posted by Vic55
My point was indirect, not direct loans. You wont know the rates as its on the dealer side of the lender program. Thats where all the monster banks like Ally (largest auto stand alone lender), Wells, Chase, do the most of their retail installment contracts. It is not thru the end user going into their branch. Direct rates suck.
So the play is when you are at the dealer to ask them what banks they have. Based on what you told me Ill fathom the buyrate was lower and the dealer made some money in reserve. Its all good, it keeps them in business and 2.75 isnt that bad at all.
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Please forgive my ignorance, what is the difference between indirect vs direct loans?