Overhaulin'

A bank offers one loan rate and car dealership lies and says they offered a higher one?Is that normal practice?

How can you ever know the true rate that a bank has offered you on you're financing when it's all done in a back room at a car dealership? For instance, Ford bank may be offering a loan at 5% to you, but the dealership tells you that Ford bank could only get you 7%. So without you knowing the dealership just made a 2% profit on you.

Public Comments

1. Sadly it does happen a lot. Bait and Switch.
2. Why even ask? If that bothers you that a dealer would make a bit for themselves, get your own financing...