Sentences with phrase «dealer reserve»

I hope I'm wrong, but I started predicting the eventual elimination of dealer reserve eight years ago.

Consumer advocates and governmental agencies will maintain pressure to either severely limit or establish a fixed - dollar amount for dealer reserve, or eliminate it.

So while everyone is walking around with an achy breaky heart trying to figure out how to best mitigate disparate impact's effect on dealer reserve, I envision Federales running around their offices shouting «dy - no - mite» because they figured out dealers make a fair profit from more than interest rates.

The average add - on is less than 1 %, and dealers say it is wrong to assume a car buyer would get a lesser loan rate with dealer reserve out of the picture because lenders offer wholesale, not retail, rates to dealers.

By increasing the variables of an already - complex transaction, the regulatory changes will raise the potential for more errors, raise the cost of compliance and endanger certain profit margins and profit sources, such as dealer reserve in which a store, as compensation for facilitating a loan and doing the paperwork, affixes an additional percentage rate to the lender's interest rate.

The bureau alleges that disparate impact sometimes results from dealer reserve, a practice in which dealers typically add a percentage point or two to a car loan's interest rate as compensation for arranging the third - party loan.

In place of this, the CFPB wants to create a flat fee policy that would replace dealer reserve and also prevent lending discrimination.

However, given the apparently escalating risk of the government intending to pursue enforcement action against lenders and dealers, it makes sense to develop and implement a one - price policy on dealer reserve.

Instead of dealer reserve, the CFPB prefers a flat rate or something like it.

Similar to dealer reserve, even if the lender caps the retail price, dealers currently have the flexibility to negotiate the price with the consumer.

But if the dealer reserves info for themselves I don't feel that's right, not only for independent mechanics but for do it your self mechanics as well.

At issue is dealer reserve, the practice of dealers adding to the interest rate of a loan as compensation for acting as middlemen between car buyers and lenders.

* Dealer reserves the right to include Chrysler Capital rebate on Sales Contract

Dealer reserves the right to correct errors on this site.

In the event a vehicle is posted at an incorrect price due to these errors, or if an error in pricing was received from our suppliers, the Dealer reserves the right to refuse and / or cancel these orders.

Dealer reserves the right not to sell any vehicle with any errors in pricing.

Dealer reserves the right to edit prices posted in error.

Dealer reserves the right to pass all vehicles through New York State Inspection prior to delivery.

The Bureau alleges that dealer reserve, which is a kickback dealerships receive for charging consumer's higher interest rates on auto loans, is little more than a ripoff to consumers.

This interest rate markup, also known as «dealer reserve» or «dealer participation,» is described by dealers as the way they are compensated for time spent putting a financing deal together.

That is called a «dealer markup» or «dealer reserve» and accounts for 23 percent of dealer profits.

Dealership responsibilities included Cap deals, verified loan rates, rent charge factors, residual values, capitalized cost and dealer reserve.