Why do auto dealerships balk at cash transactions, but real estate companies prefer them?
In: Economics
Many modern auto dealers don’t really sell cars anymore. They really sell auto loans. And cars are just the excuse. They hate people who walk in with their own loan or with cash.
But real estate agents make their money on commission. So they don’t really care how you pay. In fact, they love cash, because cash deals are more likely to close fast.
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