I just bought a used car from an auto dealer. I required financing and told the dealer I would be happy if I could get a auto loan $10,000 at 6% as I knew my own bank (where I have preferred status) could only offer me 6.49% - and other banks were looking at 9%. Oddly the auto dealer got me the magical 6% with Wachovia with even speaking with the bank (it was 10pm). How did this happen?
How come the used car dealer could get me 6% auto loan with Wachovia so easily?
- Thread starter dono
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