- Banned
- #106
of course. but they don't care about maximizing Bank of Ford's returns, they MUST MOVE all teir gd inventory because otherwise they have to shut down plants and reneg on supplier contracts etc.Again though, they are LOSING money compared to buying treasury bonds though
This stuff is financed by investors - who for inexplicable reason would rather get returns from Bank of Ford Credit, than park their funds with the Fed discount window.
Your town bank is far less likely to loan at sub-Fed rates, they want to make money, not lose it, and have no reason to incentivize because they have no captive inventory they are forced to jettison.
My used car loan in Dec 22 was 5.24%, y used car loan in Jan '24 was written at 6.6
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