Sentence examples for interest markup from inspiring English sources

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In his experience, he said, a customer's credit rating was entirely irrelevant to the size of the interest rate markup.

Car dealerships often add an extra bit of interest, called a markup, on top of the rate charged by a lender, ostensibly to pay the dealership for its work arranging the loan.

The CFPB issued formal regulatory guidance in 2013 encouraging banks to get rid of the markup interest rate system as a way of compensating dealerships for issuing car loans.

Lawsuits dating back to the 1990s show that customers of color are more likely to be charged additional interest rates, known as "markups," and that their markup rates tend to be higher than those charged to white borrowers.

Dealers will not stop making loans if they cannot markup the interest rate.

Ally, which is no longer part of GM, has the option of eliminating dealer markups of interest rates altogether, government officials said Friday.

Lenders like NMAC allow dealers to add several percentage points, known as the dealer markup, to whatever interest rate Nissan has established for customers based on their income and credit history.

All the cases contend that the auto finance companies have allowed their dealers to discriminate against blacks and Hispanics by adding extra points -- called dealer markup -- to the interest rates that the finance companies established for borrowers based on credit histories.

Say, for example, a borrower's credit score qualifies him for a 60-month used car loan of $17,500 at 8 percent interest, but the dealer adds a markup of 2.5 percent.

Dealerships then are allowed to tack on additional interest -- known as a dealer markup.