Hi Joeytheghost - W.r.t NICK you mention "the dings and discounts just too high for our deal". Its interesting to watch how NICK's dings-'n-discounts to dealers continue to erode in the face of brutal competition in this space now. NICK will sacrifice volume once their dings-'n-discount threshold is reached though, they won't chase crazy deals like your example; they are very good underwriters, even if the actual business model isn't that great.
I am wondering if you have had any experience with CACC as a lending partner and any views on them you could share? Their partner business model seems more in line with a dealer who would like to retain some origination risk and share the higher loan income and fees.