Why do auto dealerships balk at cash transactions, but real estate companies prefer them?
In: Economics
The car dealer is often also the bank. Real estate companies are not financing the deal, they make no money, it just takes time and hassle and possible road blocks. Dealers call it front end and back end. Front end is the money they make on the car. Back end is the money they make on the loan. They make WAAYY more on the back end.
Latest Answers