lot finance

[moose11]

when a dealership says bank and lot finance whats that? they are the "bank"?

 

[moose11]

nobody?

 

[buffer1]

in house financing

 

[Lestat]

lot financing means the company selling the car has their own finance division or brand. Many major auot makers have this, this is how they offer below market rates like 1.99% Some used car dealerships do their own financing as well, they write the loans and end up selling them off to someone else.