Finance Manager

Here's 10 questions and statements that I've heard over the years from customers, that will leave the finance manager of a dealership, speechless. Buying a car with bad credit is tricky... remember to be polite and have a nice, serious smile on your face if you choose to use these on your own!

1) Does that car come with air bags? 'Cause I'd beat my head into the steering wheel every morning if I knew I was paying that much interest for a car loan.

2) There must be some confusion here... the stupid customer just left. Now, what are the real numbers?

3) You're playing a joke on me, right? Ok, I'll laugh. What's the real interest rate, anyway?

4) There must be a charge in here for air for the a/c, because this can't be the real figures.

5) Are you Howie Mandel? No? Is this Candid Camera or Howe Do It? These numbers can't be real.

6) How many points are you adding to the interest rate for your commission? Do I get a cut?

7) At that interest rate, I think I'm going to do like Michael Jackson and beat it, 'cause no one wants to be defeated.

8) Well, Mr. Finance Manager, I have to tell you, that salesman gave me an awful price on this car and I was hoping with you being the big man with the power, that you would be a nice enough person to give me a good price. Do you have the power to do that?

9) Is there anything on my credit report that indicated to you that I don't know what paying too much is?

10) I know you guys used to roll back odometers. Can't you roll back an interest rate?

Buying a car with bad credit? Get a better finance deal at http://www.MyCreditTree.Net/. Apply for an instant bad credit car loan at http://www.FundMyVehicle.Net/ and compare offers.

Jason Lanier is a Platinum Level Expert Author at Ezinearticles.com!

I'm going to explain what you need to know to get a real used-car extended warranty service contract for pennies on the dollar. There are things that you probably do not know and not knowing them can make the difference of spending more money that you have to for both the cost of your extended warranty and the repairs & deductibles that are associated with it.

My career in the car business was something that I was passionate about for a number of years. I started out as a salesman and worked my way up into management, including as a finance manager. I was very successful and left the car business to spend more time with my family and to sleep better at night. I know extended car warranties like the back of my hand. I'll share with you info that you can choose to use or not to use.

Used car extended warraties add a good chunk of profit to the sale of a used car. It's normally a "back-end" product that is sold by the finance manager who usually tells you how much it adds to your payment, rather than telling you exactly how much you're paying for it. Saying that, "a 3 year extended warranty is only going to add $20.00 to your monthly payment", sounds alot better than saying that, "you can get a warranty on this car for $1200.00". I'm sure you catch my drift.

Here's the real kicker when it comes to extended warranties. A finance manager at a car dealership that has spent any time in the business has polished the craft of presenting numbers to make them seem less intimidating. Reducing a total cost of a extended warranty down to a monthly or a daily cost can make the numbers seem much smaller than they really are. What will absolutely shock you is to know that an extended warranty that is sold for over $1000 and a car dealership can typically only cost the dealer around 100 hundred bucks.

So, an extended warranty for used-car that you could pay for directly from a used car extended warranty company, will cost you hundreds of dollars more, if not more than $1000 more if you buy it through a car dealership. That is 100% verifiable fact because I have written many, many extended warranty service contracts for people.

While the extended warranty can be stretched out and tacked on top of your auto loan for several years, it is only paid for one time by the dealership. Once the finance manager has the contract in hand and signed by you, the total amount that you end up spending for that service contract is paid to the dealership by the auto loan company is financing your car deal. The dealership then in turn, sends a check for the actual cost of the extended warranty to the warranty company.

That's not all...

It can get very confusing for consumers when they are explained the differences between one extended warranty and another. In the car business, there is something that is referred to as a bumper to bumper powertrain warranty. What this is, is a powertrain warranty only, that sounds really good when the words bumper-to-bumper are put along with it. It covers only the engine and usually only the internal components of the engine, transmission and solid moving mechanical parts. This will not include your alternator, your air conditioning system, or any of the other more common items to fail.

By selling you a "bumper to bumper" powertrain warranty, the cost for the dealership of this finance product is incredibly low. Depending on the ethics of the dealer, what cost the dealership 100 bucks may cost you $1500 in warranty cost and in the finance charges that you pay on that amount that is tacked on to your auto loan.

My Recommendation: Used-car extended warranties are a very good thing. It is only when they are oversold and you're overcharged that they become an evil of the car business. You can save loads by getting a warranty direct through a legitimate source.

Real, legitimate extended warranty quotes are available at http://CarWarrantyDeals.Net/ for PENNIES on the dollar vs extended warranties sold at dealerships.

Find secondary car loans at http://MyCreditTree.Net/

Jason Lanier is a Platinum Level Author with over 200 published articles relating to auto finance.

Article Source: http://EzineArticles.com/?expert=Jason_Lanier

The service of providing funds or capital for commercial or private reasons comes under the umbrella term - Finance. It is also a branch of economics that studies the management of money and other assets.

It can be also defined as the management of funds and capital required by a business and private activities. Management of finance has also developed into a specialized branch within the financial sector and is carried out by finance managers.

Simply put these managers arrange money to be lent to businesses or private individuals using either money already available from company accounts or from external lenders.

The simple process of optimization is used to receive the most from these funds by reducing the cost of arranging the finance whilst at the same time ensuring returns are high.

The fact is that it governs most of the worlds activities and poor finance management will immediately show up as conditions deteriorate in procurement, production and sales as it affects every sphere of business activities.

The finance manager's job is to maximize profits whilst keeping the risk to a minimum so you can understand why there is a high level of stress associated with this work.

One of the most famous management gurus Lee Iacocca referred to finance managers as Bean-Counters who almost look at the expense part with a rather pessimistic view.

Finance managers are people who always like to see where they have been and do not look towards the future in the same way that a sales manager does. For most small business owners there is not a clear distinction between personal and business which often leads to the funds being used in areas that are not part of the arrangement.

When money is lent under these circumstances, lenders feel quite aggrieved as they have lost control of where the money is being invested.

Although resisting the tendency to use funds this way may dampen someone's enthusiasm in the short term, it will focus the attention of the borrower and perhaps instill more discipline in the future. Fortunately, small businesses can always use the more approved methods of friends or relations to help provide finance.

However, finance managers are in the position of making money for their company so out sourcing their lending can help increase their profits. The famous comedian Bob Hope best summed up the subject when he once said; a bank is a place that will lend you money but only if you can prove that you don't need it.

Francisco Segura owns and operates http://www.forexhistoryforprofit.com

Article Source: http://EzineArticles.com/?expert=Francisco_Segura