To the Editor:
Patrick Foster's letter shows he's not a true automotive historian ("Finance rules: Why exempt dealers?" Letters, June 7).
He would know that auto dealers help consumers obtain financing by using their connections and leverage to make finance sources compete for consumer loans.
As for insulting young soldiers who are old enough to fight for our country but not smart enough to decide for themselves: They get moved around and don't get a chance to build relationships with lenders. Predatory dealers are just like other bad businesspeople; they prey on all, not just military. Most manufacturers give extra help to the military.
All consumers have the option of not using the dealer to help find financing on their terms.
Last year the Main Street dealer was the victim; now he's the cause of the problem. What happened to Wall Street? Consumers who need affordable financing could be hurt the most if dealers can't help them shop for their terms.
We don't sell cars anymore; we help consumers get them financed. If we can't get them financed, we don't sell cars.
Fewer car sales will kill our economy like last year. Don't punish all because of a few.