When I worked for a Chrysler Corp dealer in the 70's. The trade paper Automotive News was always posting the average profits from the various departments in the dealerships. Generally, even going back almost 40+ years the F&I dept. was usually the highest grossing department. I would not expect anything different today!
Buying New MB in Florida Requires Financing?
Hi,
I believe I have found the 2014 S550 that I would like at a dealer in Florida. The dealer is claiming that although I want to pay cash (wire or cashier's check) for the car, that Florida regulations require anyone from out of state to finance at least half of the price of the car. They are saying that even Florida residents have to jump through alot of hoops to be able to pay cash.
This sounds absolutely crazy to me. Is this dealer simply trying to pick up a share of the financing charges, or has anyone actually heard of something like this? It's a deal breaker for me, because I don't finance my cars and don't want to start now.
If anyone can shed any light on whether or not this is a real thing, I would appreciate it.
I believe I have found the 2014 S550 that I would like at a dealer in Florida. The dealer is claiming that although I want to pay cash (wire or cashier's check) for the car, that Florida regulations require anyone from out of state to finance at least half of the price of the car. They are saying that even Florida residents have to jump through alot of hoops to be able to pay cash.
This sounds absolutely crazy to me. Is this dealer simply trying to pick up a share of the financing charges, or has anyone actually heard of something like this? It's a deal breaker for me, because I don't finance my cars and don't want to start now.
If anyone can shed any light on whether or not this is a real thing, I would appreciate it.
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