Re:App lets banks lock your financed phone if you default on...
by FireBeyond on Sunday November 08, 2020 @04:40PM
(#25029338)
> Businesses tend to require it for ease of processing or because it's legitimate and secure.
No. The prevalence of cars being bought with stolen cash as a down payment is so small as to negligible.
That might be some of the reasons they claim to do it, but the reality is simple: because it makes them more money. Kickbacks (sorry, "commissions") from financing companies, or the interest earned on in-house financing is the motivator.
No. The prevalence of cars being bought with stolen cash as a down payment is so small as to negligible.
That might be some of the reasons they claim to do it, but the reality is simple: because it makes them more money. Kickbacks (sorry, "commissions") from financing companies, or the interest earned on in-house financing is the motivator.