Auto Sales Financing: Fill & Download for Free

Much ado about nothing. People must watch the video clip before commenting.When asked the question on the reasons for the auto sales slowdown, the minister answered some of the factors:Moving to tougher BS VI standards that has both made customers hold off on purchases looking for a deal, as well as cost rises due to compliances given that many auto makers already started putting vehicles in compliance.The rise in registration tax among other fee risesThe change in consumption pattern where more people are using ride sharing services. Ola and Uber operate in over 200 towns of India.And she didn’t say this is an exhaustive list. And there is no dispute that each of them had an impact on sales, although I might also add tougher credit environment and highly indebted households as added reasons.The jobless association of Twitter seemed to have made a controversy out of nothing.

The Four Square is a method to keep you confused about how much you’re paying for your new car.Here’s a typical Four SquareLooks straightforward, doesn’t it. It isn’t. It’s to give you the illusion you’re bargaining with the auto dealer while the salesperson is getting you to pay the price they want.Here’s a description on how they do thisIn a nutshellThey undervalue your trade in. Used cars in good shape sell fast, and dealer margins on used cars are higher than on new cars. Dealers need a supply of used cars to sell - new cars are easy to get.They take your mind off the total cost of financing your car. By giving you just the monthly payment, they don’t tell you the total cost of the loan or the effective interest rate.So I found an online loan calculator to do the math in the example in the video, and here’s what I came up withThat’s right. 19.2%. That car will cost you $39,668.75 including the down payment and the trade-in. The dealer gets roughly $14,000 in interest and will most likely sell your $4,000 trade-in for $6,000. Who cares if they made any profit on the list price?Dealerships Rip You Off With The “Four-Square,” Here’s How To Beat ItBest advice - finance with a bank. They can pre-qualify you and tell you what you’re actually going to pay.

Credit cards are designed to put people into slavery.They have composed this game that consists of a credit score and they’ve fooled everyone into playing it.Like James Altucher says, if you’ve got money, then someone will sell you what you’re looking for. To hell with this mythical credit score game.It seems as though auto sales are catching on to this. Right now, anyone can get a car regardless of credit score. Because these big auto places know that if they don’t sell it to you, that you’ll just go down the street to the place that doesn’t care about credit score and buy from them.So the credit cards have this game and they charge you to play it. This comes in the form of interest or free money you give to these companies.If you don’t pay your credit card bill on time, they do two things: (1) charge you more interest, and (2) threaten to ding/lower your credit score!It gets worse. These credit card companies give credit cards to people who can barely afford to live! They also pop up on virtually every college campus enticing young college students (still immature in the ways of the world) into signing up for their credit cards. And you know how college life can be :-) This serves to further enslave the population.It would be an interesting thing indeed if everyone stopped paying their credit cards. These parasites have made enough money and have ruined enough lives to last a trillion years.