06-04-2008, 08:57 AM | #1 |
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Has CFC changed the way they calculate advance?
I heard a question from a Dealer Principal yesterday that indicated that CFC has changed the way they calculate advance - it's now based on Invoice less Incentives. Is that correct or did I misunderstand the question?
If the Dealer is correct the impact could be huge. Many customers need a strong advance to cover their negative equity - that's one thing that's always made new cars attractive to these customers. Hopefully I just misunderstood the question. |
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