I suspect that KarlChev thought it was standard practice for the industry. I thought so. I'm surprised to hear that it's not.
I'm curious, does Newman make money on financing?
If not, why? I'd guess any or all of these reasons:
- To be able to offer the best financing options to customers
- Possible moral issue about conflict of interest
- Lack of decent banks offering such rewards
Doesn't GMAC financing offer that to dealers? Nobody can fault a dealer for wanting to sell manufacturer financing whether or not they get paid for it...