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- 1. Reading the Subtext By: Joe Keene
- 2. Always read everything! Many people do not bother to read
the fine print on many contracts they sign. Mortgages, employment
papers, auto loans, insurance binders You might be surprised at
some of the things companies try to slip by you.
- 3. Financing for auto loans demands the most attention. Always
read every line item charged and the amount. Sometimes dealerships
will add charges for a high amount. Doc processing fee for $995 Gas
fee of $50 Extended warranty for $799 Do not be afraid to ask
questions!
- 4. Read the qualifications and guidelines before applying. Many
companies advertise 0% financing for the first 3 months or annual
percentage rates (APR) as low as 1.99% Bank of America guidelines:
Greater than 640 credit score Vehicle needs to be a 2004 or newer
Vehicle has less than 125,000 miles Vehicle cant be purchased from
an independent dealer
- 5. You do not want to have your credit pulled without a
necessary reason. Each inquiry negatively affects your credit
score. Thinner credit files take a harder hit for each inquiry.
Cross selling Dont want to waste your time
- 6. Next time you go to buy a car or purchase anything, I
implore you to read every little word of whatever the next document
you are about to sign!