New Stadium

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Can we get payment in full up front, as I can't see how their business model works...
The average APR is between 12-17%, 97% of all cars sold is financed. In addition, +80% of cars sold with insurance at Point Of Sale, again all most all financed at APR's of over 20%!! They are finance brokers, not car dealers, they take a commission on each deal. That's it.

The biggest moneymaker though is part ex, with cars bought for 50% of trade valuations, the spin here is to use the value of the part-ex as a deposit for the finance on the new deal, also almost guarantees what is effectively a sub-prime finance arrangement into a better greenlight approval, that's good for them as brokers and their commission as reduces declines and is the "hook" as to why dealers are happy to work with them as their profit margin is increased via lower buy rates (they reduce the sales overhead, need for showroom/client-facing overheads too but not sure that's fully filtered down yet, think many still have a sales staff and showrooms for now).
 
Saracens confirmed their fixtures for next season today, including a game at our ground on 26th of March 2022


Important bit:
We are excited to reveal that we will be hosting ‘The Showdown – Part 2’ at the Tottenham Hotspur Stadium on the weekend of 26th March 2022 against Bristol Bears. After the disappointment of the cancellation of the sold out event last season, we look forward to welcoming everyone to one of the most exciting sporting venues in Europe.
 
The average APR is between 12-17%, 97% of all cars sold is financed. In addition, +80% of cars sold with insurance at Point Of Sale, again all most all financed at APR's of over 20%!! They are finance brokers, not car dealers, they take a commission on each deal. That's it.

The biggest moneymaker though is part ex, with cars bought for 50% of trade valuations, the spin here is to use the value of the part-ex as a deposit for the finance on the new deal, also almost guarantees what is effectively a sub-prime finance arrangement into a better greenlight approval, that's good for them as brokers and their commission as reduces declines and is the "hook" as to why dealers are happy to work with them as their profit margin is increased via lower buy rates (they reduce the sales overhead, need for showroom/client-facing overheads too but not sure that's fully filtered down yet, think many still have a sales staff and showrooms for now).

Sounds like a complete car crash
 
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