auto loan rates and how to get the best

  When most people go out to shop for a car, they usually only focus on what the monthly payment is going to be. Auto Buyer Tools will show  you the various strategies that the auto dealers use to build extra profit into the deal.
Do you know that there are 8 profit areas of a car deal? 
Do you understand the mechanics of a lease deal?
Do you know how to work dealer extras into your purchase without paying for them?  With Auto Buyer Tools you will be steps ahead of the salesperson.

 

 

If you are armed with Auto Buyer Tools, you can address each area and save big!

 

Christine's Dilemma...

 Christine had gone to an automobile dealership over the weekend and had given in to the pressures of the salesperson. Now here she was on Monday morning wondering just what she had gotten  into.
Christine just leased a new car and she had no idea how much she had paid for it. The salesperson told her that the vehicle stickered for $17,900. He gave her a discount of $1,000 and a manufacturer's rebate of $500. She also put down $1,000 cash. The problem . . . she suspected that she actually financed more than $15,400 on the lease, but she did not know for sure. 
All that she knew was that the payment was $306 per month for 60 months. She called her bank and asked a loan officer how much the payments would be on a loan for $15,400 and 60 months. The payment was $317 per month. With her suspicions confirmed, she had him calculate a 60 month lease. The payment came to $250 per month.

Christine's lease contract was with a major national bank. After she called the bank, she determined that she actually financed $18,000 on the lease. You are probably asking, "How could this be?" Well, it's not hard for a salesperson to deceive you on a lease. The only things disclosed on lease contracts are: the payment, the term, the total of payments, capitalized cost, extended warranties, credit insurance, and (in most cases) the residual amount (the lease- end buy out).

Christine called the salesperson and asked how much she had financed. He told her $15,400. She also noticed an extended warranty was listed on the lease contract, but it did not indicate how much it cost. She asked the salesperson about the warranty and he said that the dealership provides the extra warranty for every vehicle. What she didn't know was that she actually paid for the extended warranty and that it was optional.

Christine wanted to know how she could get out of her lease contract. The only suggestion that the loan officer could make was for her to contact the Better Business Bureau or the Attorney General's office, but there wasn't much that she could do. Once she signed the contract, she was committed to the agreement.