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#6 Carvana’s secret sauce, what’s next for auto lenders, pros/cons of credit unions | Chris Coleman, Co-Founder of WithClutch
Car Dealership Guy Podcast
How to Make More Money on Higher Finance Rates
If you're a sub prime good simmer, you actually have real what I'll call like budget risk. You may enter a dealership being like I want to walk out of here with this 2015 Chevy Tahoe. But when financing terms come across the guy behind the sales desk is going to convince you that you actually need a 2013 Volkswagen Beetle. Carvana just kind of made that experience much, much more palatable because you get financing rates on everything and there was enough inventory,. where if the Tahoe didn't work out stepping back from a Tahoe was easier to figure out what you could get.
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