Protecting your credit plus a bonus: Questions to start your purchase
You have more time
Protecting credit score
Score factors
What hurts credit
Too much buying power
End the extra credit
Communication is king
Ask all sources
Peter to Paul
Reset the budget
What are the questions you need to research?
Budget
Unit with MSRP
Trade prep
Minus equity
New or used , lease or buy
Where
When
When you purchase can make a big difference in cost
Reviews point you in the right direction, usually
Resale value should change the point totals
Trucks, cars, Motorcycles, etc. Resale changes the equation
When can make you a winner
Day, week, month, time of day, all matter
The Weather can change timing
Holidays
Last day or the 32nd
Afternoon
Hot just like cold
Current, left over, late model used
When not to buy
Leasing times are similar
Always a good test drive
Comfort is predicable
Elbow grease when you are testing
Corvette wins on dollars
Resale is always part of the deal
A seemingly good deal might be the opposite
Considered the least
Around the clock
Can you predict it?
What determines the value?
How to protect it
There are many factors
Brand can be big
Think it through first
Extended warranties and more
Buy you lease or turn it in?
This year it is yes
Assuming good condition
Motor home safety
Buckle up
Tires are a concern
Practice
Fix it or trade it
Condition and care tell the story
Fixing is always cheaper
Extended warranties are a question
Keeping it? Yes
Always from the maker
With a warranty fix or trade is never a question
Confirming the lease advantage
Electric vehicles mean different taxes not zero taxes
A crazy 2500%
Hurting the people to help the planet
Get quotes
Trade shopping
Beacon score
Calling Banks
Insurance cost?
Consider add-0ns
The considerations when you’re picking a dealer
Due diligence is paramount
Leasing means more Choices
More vehicles in 10 years
Keep it, trade it or walk away
No repair.
Mileage is a plan, either way
Tax?
Lease trade due diligence
Easy shopping with sign and drive
How to negotiate a winning deal
Leasing scam update
EV units and fires
We primarily talk the how of buying
Get the dealer to offer
Knowledge is key
Due diligence support
Waiting for results
Can you do better?
Persistence
Deal and trade separate if possible
Talk when there is a need
Offer and facts together
You may need to walk
No substitute for due diligence
Leasing treachery by the manufacturers
Everyone call the FTC
Help is on the way for kids and pets left in a vehicle
Lots of other help is coming
Smart headlights
F&I as a conversation
Business office money
Myriad of products
Every product can appeal to someone
Reserve commissions can be huge
Be prepared, due diligence
Payment packing is real
How to guard
F&I Menu approach
Review you payment in the business office first
90 day bump
Listen to the products info, it might be good for you
Shop the F&I products before you go into buy
The more you know, the less their advantage
Facts to know about your automobile insurance
What to do if there is a problem with your deal or the vehicle
Watch out for the problems lists on the net
They either suggest the wrong thing or can’t explain it
If your deal has a problem
Factory problems must follow a plan
Due diligence, due process
Follow the Chain of command
Salesperson, Manager, Dealer principal or GM
Manufacturer (Company.com) and the bank
Better business (BBB.org)
Attorney general (your state.gov/attorney general)
FTC (federal)
UDAP statutes will help
Attorney last
Assertive and persistent, not aggressive
What are CPO – Factory certified preowned vehicles?
Episode 300, lots of subjects and lots of ideas
Look through the list and pick out what you need
CPO vehicles and value
Read all the material for a specific certified unit
Check points sound huge
Just marketing another way
Bank rates with CPO
Certified can cost several thousand more
Why pay in advance for what might happen
Low mileage and a clean car fax
The retail book value does not have an add on for certification
Certification vs resale value, zero
Sometimes the promises lower your guard
Certify your own and save a lot of money
Everyone will get something out of this book
Don't be this guy
Geoffrey Jerome
After 35 years in the automotive industry I know how to get a great deal!
If you have a question, email me and I will get back to you. Dealtalkpodcast@gmail.com
Geoffrey has written a number of business books and now writes fiction titles for both children and adults
Fott's Journey: Ages 4-9
Fott's Butterfly: Ages 4-9
Marshal Gold: Western action for adults
