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Dealer reserve is a kickback paid to car dealerships by the finance companies (including those owned by car manufacturers) for bringing in new customers. Dealer reserve can be defined as interest points that usually constitute two to four interest points added to the interest rate, and can tack on thousands to the price of a car and increase one's monthly payments by $30, $50 or more. This is basically how it works: The car manufacturer, say Ford Credit, offers to finance someone's new car purchase for 15%, but the car dealer doesn't tell the customer that. Instead, they tell him that the lowest interest rate he qualifies for is 19%. Ford Credit sends the check equal to the 4% markup to the dealership as a commission. The customer gets to pay off the 4% dealer reserve without realizing he actually qualified for a 15% rate!
What else can I help you with?
What is bank ad code?
ad code means authorised dealer code for foreign exchange issued by reserve bank of india
How much is a 1934C 20 Federal Reserve note worth?
$22 to $28 at retail. A dealer will pay close to face value only.
What is the value of a 1963 US 1 dollar Federal Reserve Note?
Unless it's uncirculated, maybe $1.10. A dealer will pay face value.
Can you get a 500 dollar bill?
Yes, but you'd have to buy it from a dealer or collector. The last $500 bills were printed in the 1940s, and the Federal Reserve System stopped supplying them to banks in 1969.
Is capital reserve a free reserve?
capital reserve is not a free reserve
Can you get a US 500 dollar bill?
Yes, but you'd have to buy it from a dealer or collector. The last $500 bills were printed in the 1940s, and the Federal Reserve System stopped supplying them to banks in 1969.
On a 1998 Oldsmobile aurora where is the engine coolant sensor located?
its located under the reserve tank...and if that is not working and you are for sure the you will have to replace the whole tank by dealer or maybe find on-line somewhere!
Where can you find a 2 dollar bill with a red stamp on it?
A dealer in collectable coins and bills. That is a US Note, and has not been printed in a number of years. It is different from the standard Federal Reserve note.
What is a reserve account for indirect auto lending?
A reserve account for indirect auto lending is a financial mechanism used by lenders to manage risk associated with auto loans facilitated through dealerships. When a dealership sells a vehicle and arranges financing for the buyer, the lender typically pays the dealer a commission or "reserve" for the loan origination. This reserve account helps the lender cover potential losses from defaults, as well as incentivizes dealerships to work with the lender by offering competitive financing options to customers.
Is revaluation reserve a capital reserve?
Yes...revaluation reserve is a part of capital reserve.
What is the value of Federal Reserve notes?
Federal Reserve Notes can be spent or exchanged at a bank for their face value regardless of how old they are. None have ever been withdrawn or demonetized. However, older FRN's are often of interest to collectors and could be sold for more than their face value but a dealer or appraiser has to determine that premium.
What is the formula for actual reserve?
excess reserve plus the reserve requirements
