How to overcome automotive credit issue
10/09/23 • 36 min
How to overcome automotive credit issues
Solar is better than electric but it also has issues
Trucks are not feasible as electric
Safety has become a key issue
Battery fire death numbers are high
Inflation oozes into vehicle interest rates
The banks, more risk, more rate
Know your budget and stick to it
Down payment isn’t a lock
Employment offers and testimonials help
FTB, finance first, buy and negotiate second
Don’t give up
Shop every bank
Financing has many sources
Referral letters will help
Cosigners are the best answer
Recourse dealers
Improve the risk
Buy here pay here may be the last choice
How to overcome automotive credit issues
Solar is better than electric but it also has issues
Trucks are not feasible as electric
Safety has become a key issue
Battery fire death numbers are high
Inflation oozes into vehicle interest rates
The banks, more risk, more rate
Know your budget and stick to it
Down payment isn’t a lock
Employment offers and testimonials help
FTB, finance first, buy and negotiate second
Don’t give up
Shop every bank
Financing has many sources
Referral letters will help
Cosigners are the best answer
Recourse dealers
Improve the risk
Buy here pay here may be the last choice
Previous Episode
Dealers and the news, now it's all fake
Dealers and the news, now it’s all fake
Colorado crazy trade doesn’t help
65% won’t even look at EV’s
Battery prices have dropped to ridiculous
Ev ads and the news are fake
Bait and switch
Switching stories
Ridiculous trade values
Guaranteed payoff is a hoax
Rebate tricks
Employee pricing, means what?
Disclosures
Plus everything
Radio, newspaper, magazines, TV, social media,
Government ads for Green new deal support
FTC will help eventually
Not a single number is factual
A dealer’s ads indicate their ethical character
Due diligence will protect you
Still OTD and CPI
Next Episode
Due diligence research completed? Now what?
Due Diligence research completed? Now what?
EV sales are not up
The public is aware of Electric vehicle Fires and deaths
Manufacturers are hurting from EV failure
Great negotiating requires great due diligence.
Avoid cash or shopping talk.
No matter what you offer, the dealer will try to bump you.
Don't acknowledge the asking price
Always ask for a better price at least twice before making an offer
Talk what you know after they make 2 offers
Assertive, not aggressive
Hold your lips together tightly as the dealer plays his cards
Don't take the dealership’s position or attitude personally
ACV versus allowance.
Either way works but one at a time works best
Due diligence is your ammunition.
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