THOUGHT FOR THE DAY!

"The United States does not have an automatic call on our resources. There is no mind-set that puts this country first."-- Cyrill Stewert, Chief Financial Officer of Colgate-Palmolive Corporation

 

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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