Is this a April fool Joke. Car dealers have a very high cost of goods and smart funders need to go off of the revenue after the cost of cars. Not many funders want to do first positions on this industry do to that fact among a few others let alone a third position. For him to get 400k depending on what the payments are on the other positions the merchant will probably need to be making over a million a month after the cost of goods. Then he wants a rate below a 1.32. No funder unless they are depserate for business will offer a rate below a 1.32 and pay the broker several points on the rate for a third position.