Contributor
spengbab
Posts: 100
Registered: ‎02-13-2012
Re: I Can Help, I Run A Car Dealership.

I've read in a car buying book that when a dealer gets an offer back from banks, that usually they will add a little bit to the APR that was approved. E.g., if a dealer sent apps and got back an APR of 4.7%, they will say that I'm approved for an APR of 5.7% (or any amount higher than the approved APR) ... is that true?

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