Hi guys in the auto trade. Being from Denmark I don't know this expression; What is underwriting a car? I read some about it one the site but can't find what it's for. Is it to agree to buy a car, and then not pay for it until one have sold it off for a profit?
So one would have to give a pretty low price to the dealer in order for this to work I would imagine. If not no one would wan't to underwrite the car right? It seems it must be some sort of guarantee to the dealer that the dealer then pays for in this way.
