🚨 HOW IS THIS LEGAL?! Did you know the interest rate your dealership offers you might NOT be the interest rate the bank actually approved? It’s called the BUY RATE vs. SELL RATE, and dealerships can sometimes mark up your interest rate by as much as 2.5 percentage points, depending on the lender and loan terms! That markup could cost you THOUSANDS in additional interest over the life of your loan! 💸 And here’s the kicker: Dealerships generally aren’t required to disclose the original buy rate! Know what you’re paying for before you sign! 👀
#buy_advice
#car financing
#buy rate vs sell rate
#dealer markup
#car buying tips
#interest rate
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