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I would suggest anyone going to a bank for a conventional loan to apply to at least 2 or 3 banks, letting them know that you are shopping for an interest rate. It only takes 5 minutes to fill out a credit application. I also suggest State Farm Insurance, they also do home and automobile loans and you do not have to be a member to apply. I have noticed them being competitive in the loan market.
As much as I would really like to sell you a vehicle today, I would like to encourage you to consider not buying a car until you can pay cash. Americans are often caught up in making bad investments and borrowing money and buying an automobile is a perfect example. There is an excellent book on the market called "Rich Dad, Poor Dad" by Robert Kiyosaki. This book is what the rich teach their children, that the poor and middle class do not. I think this book is an excellent read and I will offer a copy at no cost to anyone that buys a car from me and requests the book.
One of the reason it is a great book is because Robert Kiyosake's rich dad forbid him from saying "I can't". Any hurdles they had in life, he always requested him to instead turn it into a question, "How can I?" If you can't afford to pay cash, this might work for you to instead say, How can I afford this car? As rich dad said, can't closes a mind down, but how can I keeps the creative juices flowing. For me, the question I ask myself every morning is "How can I sell more car for less money?" It's a mind set for me, a way of trying to continually improve myself.
My wife thinks I'm being too preachy with the last two paragraphs, but I assure you that my heart is in the right place. I would just like to help you.
You may wonder why this is in the Finance page of my website. By selling cheaper, I am helping with your financing. How can I sell you more car for less money?
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By picking out what I believe is the best car in the used market for the money and specializing in that car.
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By offering the car for sale with a lower profit margin than anyone else in the business.
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By specializing in one car, I become a better than average buyer. After all, it can't be too much of a great deal if the buyer paid $1000.00 more than it is worth. By traveling the Midwest; Wisconsin, Illinois and Indianapolis, also occasionally Detroit and Columbus, OH I am aware of what Tauruses are worth everywhere. Tauruses are too common to need to go to the east or west coast. The possible savings will be consumed by transportation costs. I am 2nd to no one when it comes to appraising a low mileage Ford Taurus.
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There is probably no more important way for me to sell more car for less money than Just In Time Delivery. This is nothing I thought up, I learned of it while working for Subaru in Lafayette, IN. No need to own sheet metal until 1 day before you need it. Michael Dell, founder of Dell Computers, also talks about it in one of his books. There is much risk in holding onto inventory that in his case could be obsolete the next day. In the car business, it's the radical ups and downs of the market as well as cars continually losing value that makes the car business a high risk business. For this reason many car dealers believe they deserve a high amount of profit and maybe they do, whom am I to judge? A few weeks after 9-11 2001 cars in Indiana dropped in value 20% and it took months for dealers sitting on large inventories to get their profits back to where they wanted them. Like the stock market, there is often a high risk in buying cars. One of the best ways I can eliminate this risk completely is by letting all the manufacturers, banks and rental companies carry the risk and not buy your car until after you order it. By writing me out a detailed description of what you want and don't want, I can often fill your order in one week's time. Of course, you won't have the luxury of sitting in the car ahead of time, but if You've seen one Ford Taurus, Honda Accord or Volkswagen, you have seen them all. They come off the assembly line, they all look alike. The luxury of seeing them ahead of time is one of the reasons they often cost more. I can take your order, yes I know that you don't want a flood damage, that most people don't want to save money on a previously damaged care, that most people don't want a car with cigarette burn marks. If your order is detailed enough, I can bring you the car you have been dreaming of at a lower price than anyone else.
Thank you so much for taking the time to visit my website.
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