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Shake-up ahead for car loans?
Published Fri, Oct 17, 2014 · 09:50 PM
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He explains that car salesmen take care of the nitty-gritty for the buyer - something the latter won't get if a bank wants to be independent and go direct to the customer.
"The salesman provides one-stop shopping," he adds. "If he doesn't do it, someone else will have to. So whatever is saved in commission may have to be paid out elsewhere."
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