Obtaining a motor car finance: bank funding or dealer funding?
Information asymmetry happens whenever one celebration in a deal has more or better information compared to other. We can’t think about a situation where this instability of energy is more frequently on display than in terms of purchasing a motor automobile and having an auto loan.
Consider it. The sales person demonstrates to you a handful of cars, you are taking one for a try out, be enamoured, then get whisked away to a large part workplace to discuss financing terms. Continue reading “Obtaining a motor car finance: bank funding or dealer funding?”