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05-10-2018, 09:54 AM #28
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
It's taken care of.
Point of Post was some Used Auto Dealers are structured different.
This Merchant Uses Cash Advances as opposed to Floor Plan, Paying Cash for cars they get a 15k car for 7k, Increasing Profit to Justify Cash Advance cost. 5 year term doesn't really interest the merchant. They flip cars as fast as they take and repay the cash advances. It works.
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