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To: varon

I once tried my hand in sales, I am not a good closer. But I saw many a deal were they padded the interest rate to increase the profits.


14 posted on 08/28/2007 1:00:09 PM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Hydroshock
Two years ago I went to buy a new Ford truck. Fairly basic, low 20s. In order to get the good price, I had to finance at a very low rate. I told the salesman, I didn’t need or want to. That I had a check and would write it. He explained that the minute I got my first payment, I could pay off right then with no penalty. I asked what was up and he said Ford made more money on the finance. The the trucks were just a tool to get notes. Further that if the people missed any payment at the low low rates they bumped up fast. Ford was in the sizzle business that just happened to give away vehicles.
20 posted on 08/28/2007 1:40:40 PM PDT by Leisler (Just be glad you're not getting all the Government you pay for.)
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