Buy Rate
The 'buy rate' is the interest rate at which a bank or lending institution offers financing to the dealership for a customer's vehicle purchase. Dealerships then mark up this rate to the customer to earn profit, creating the 'sell rate'.
The 'buy rate' is the interest rate at which a bank or lending institution offers financing to the dealership for a customer's vehicle purchase. Dealerships then mark up this rate to the customer to earn profit, creating the 'sell rate'.