THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

Capital One stops some auto inventory financing

Capital One Financial Corp (COF.N: Quote, Profile, Research, Stock Buzz) said on Friday it will stop financing vehicle inventory for auto dealers in the states of New York and New Jersey, starting November.

Webmaster's Commentary: 

I am starting to wonder just how much of the final cost of a car is finance charges paid all along the way from building the car to shipping it to placing it on the lot, plus the interest paid by the final consumer. Do bankers outnumber mechanics on the assembly line?

Comments

Do bankers outnumber mechanics on the assembly line?

poorrichard

Yep.. We have got to get rid of the lawyers first.

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