Quote:
Originally Posted by Racer-X
I assume you are asking how dealers can change the interest rate.
TFS has set rates, but the dealerships don't have to use TFS. When I bought my FRS, the dealership kept saying they couldn't match the rate I could get through the credit union. I explained that they either match the rate or get nothing from me in the way of interest, so they matched it through Wells Fargo.
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I get that. They don't have the power to CHANGE the interest rate; only to change banks/financing institutions that have different rates. But frankly at that point, there's probably not a huge benefit to them to do the legwork to find another bank for you to beat your already low rate.