Quote:
Originally Posted by I am Legend
Most of the cars if not all were already purchased by the dealers I think...it's not like GM just gave cars to dealers to sell is it?
I know my dealer said they buy from GM and then sell the cars...no loan or anything, cash for their lot cars.
If this is the case then GM would have to repay the dealers for the cuts...in turn losing more money!
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You could be right. Maybe the interest payment on the floor plan is to the bank, that GM gets paid when the cars are delivered.