Some dealerships in Canada just don't want your cash when you're trying to buy a car. "Everybody jokes about the used car salesman — they're known to chase deals and move product. (Submitted by Tammy Hussey)But one consumer watchdog says what happened to Hussey is an example of "forced financing," a tactic some Canadian car dealerships have been using to make more money on every sale. Cost of Living 7:59 Why some car dealerships don't want your cashFewer cars to sellWhile lender commissions are a long-standing practice in the automotive industry, Car Help Canada only started hearing about forced financing in 2022. Prymak said the issue typically only affects used car buyers because cash purchases on new vehicles are "quite rare."

Source: CBC News December 03, 2023 19:58 UTC