paid fully with cash? Why are there not as many auto repossesions as real estate foreclosers?
F Franklin B New Member Nov 26, 2007 #1 paid fully with cash? Why are there not as many auto repossesions as real estate foreclosers?
S SPIFIMAN1 New Member Nov 26, 2007 #2 Auto finance is what I do for a living and at most large dealers the numbers work out to be around 90% financed and 10% paid in cash. The dealer that I work at now is a little different since we are out in the country, we average around 75% financed and 25% paid in cash. As far as the second part of your question, who says that there are more foreclosures then repossessions? From what I see every month ther are more repossessions then foreclosures.
Auto finance is what I do for a living and at most large dealers the numbers work out to be around 90% financed and 10% paid in cash. The dealer that I work at now is a little different since we are out in the country, we average around 75% financed and 25% paid in cash. As far as the second part of your question, who says that there are more foreclosures then repossessions? From what I see every month ther are more repossessions then foreclosures.
