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In this trending topic, a Leasehackr member seeks input on a Chevrolet Corvette C8 deal.
It’s an MSRP deal—excellent, given how C8s sell for above MSRP on the secondary market. However, the dealer is requiring the buyer to finance through GM Financial at a high interest rate.
This is a fascinating discussion, in which the Leasehackr community discusses refinancing, dealer chargebacks for refinancing too soon, and how dealers get compensated for facilitating loans through lenders.
One interesting tidbit: GM Financial typically pays dealerships a “flat” for each loan, along with an 80% dealer split on the “reserve” — which is the additional profit made by marking up the interest rate beyond the original buy rate.
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