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  • ichevy 02/28/11 5:28 pm PST

    The current rate for Tier 1 is 3.64% up to 60 months
    Dealer is allowed 2.50% mark up. Ally is one of the few banks that actually listens to what the law says regarding percent vs. points. What it is if you mark up 2 and 1/2 point reserve would actually be more than 2.5% of the financed amount amotorized over the length of the loan.

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