On the greatest sources of income to dealerships is the markup on financing packages or loans that they provide to their customers. Basically, dealers first buy credit at a wholesale price and then sell it to their customers at the retail price. They add 1% or 2% markup on the moneys financed. The law does not require the dealer to disclose this information to the consumer. They simply charge consumers for a service that has been provided making significant profits.
__________________________________________________
[ To Learn more our services and areas of practice, please visit our website at dealerfraud.org/our-blog]
