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apt as a non bank lender in car loans and mortgage market, maybe, page-4

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jebuddy4

540 Posts.

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30/09/19

10:35

Post #: 40634986
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Originally posted by Kelanluecke: ↑

Cars maybe, houses less likely I would say. APT's advantage and appeal is that is 100% free to the customer (assuming paying on time). They make their money from the seller, who needs to be incentivised to use the platform. A car dealer who might get a sale may give up 4% merchant fee but I'm not sure many people would do that selling a house

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4% merchant fee isn't that steep
Credit car merchants charge up to 2% transaction fee
A real estate agent commission on selling your home can be upwards of 5%
APT has plenty of different sectors it can branch out to and really drive customer growth

APT Price at posting: $35.97 Sentiment: Buy Disclosure: Held
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0 Great analysis

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