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Corvette
C8 Forum
Purchase agreement
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<blockquote data-quote="Mr.Corvette" data-source="post: 328820" data-attributes="member: 6760"><p>Gilles, they are discouraging you from getting the GM financing offer because they make no money on the financing at that rate. In order to make something this "financing fee" suddenly appears AND the PPSA fee to register the loan is $72 for 7 years and they also mark that up to $159 to make a few bucks. The 1% financing reduction in the interest rates on Cadillac was working out to a $6000 savings over the 84 months on an Escalade so don't be scared of the up front fees.</p><p>They are making enough profit on the car, so they should be willing to process the loan for you at a reasonable cost or no cost. The dealer is already charging you an admin fee to your deal so they are already being compensated to process your paperwork.</p></blockquote><p></p>
[QUOTE="Mr.Corvette, post: 328820, member: 6760"] Gilles, they are discouraging you from getting the GM financing offer because they make no money on the financing at that rate. In order to make something this "financing fee" suddenly appears AND the PPSA fee to register the loan is $72 for 7 years and they also mark that up to $159 to make a few bucks. The 1% financing reduction in the interest rates on Cadillac was working out to a $6000 savings over the 84 months on an Escalade so don't be scared of the up front fees. They are making enough profit on the car, so they should be willing to process the loan for you at a reasonable cost or no cost. The dealer is already charging you an admin fee to your deal so they are already being compensated to process your paperwork. [/QUOTE]
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