An obscure ZIM in Africa traded Down Under Message Board

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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

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To: TobagoJack who wrote (809)	5/3/2003 10:41:06 PM
From: yard_man	of 867

makes sense, I suppose -- GE sure developed into a financing powerhouse ... but how do you make money on repackaging 0% or even a low non-zero rate, for that matter, when the rate is below inflation? From purely a consumer POV, I've always thought the reverse -- sure they "give you" 0% financing, because the simply roll the "actual" financing cost into the markup in the purchasing price ... Maybe other consumers don't think this way at all -- or why would these programs be so successful? I've never seen so many new cars on the road here as I have recently. Regardless of how they do the accounting -- they have to turn a profit in real dollars taking into account the life of the loan, even if they do get someone to buy the "stream of payments." I mean, at some point, someone does the math and knows that revenues are going to contract, no matter what the incentive, i.e. some profit on reduced volumes is better than increasing red ink on flat sales??

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