>Some dealerships like GM, used to also have a bank. GMAC. Ford w/ FMC. If you w... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		gozur88 on June 4, 2017 \| parent \| context \| favorite \| on: Too many people are buying cars using financial pr... >Some dealerships like GM, used to also have a bank. GMAC. Ford w/ FMC. If you went by profitability, for many years it was probably more correct to describe GM and Ford as banks that had a side business in automobile manufacture.

avereveard on June 4, 2017 [–]

That's also for tax dodging. Banks don't own money only lends it at risk, maker don't earn money keeping margin low, win win

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact