These videos are very informative I wish I would've see them earlier in life.. keep up with the good work educating the public
@ProPaintballplaye
6 жыл бұрын
Your information is fair and straight forward, I appreciate you breaking down each zone of the contract and explaining it with examples. I also appreciate you work for a car dealership but still tell the buyer what to pay close attention too, even showing possible issues you might want to pay close attention too. If I lived in SoCal I would have to consider your company for my car needs. Could you make a video showing how to discover a flood car or how your dealership discovers them?
@Autocitysd
6 жыл бұрын
Hello Mike. Thank you for great comments and the video request. We would happily make one but in order to make one we would need to have a one with flood damage. We do not have a car like this now. We do our best to screen cars that we buy to avoid flood damage cars in the first place. You may find this article on our website on how to spot a flood damaged car helpful: www.goautocity.com/flood-damaged-cars/ The first line of defense would be to check history report to see if the car was registered in a flood area, other signs are mentioned in that article. Please let us know if there are some other topics you are interested in
@eileeneclark9011
6 жыл бұрын
Keeping it simple---the best explanation I've ever heard!
@mrbriceno3949
3 жыл бұрын
Very clear! Wish I would have seen this before buying the car but it’s ok I can probably still cancel the gap insurance.. after all it cost a whopping 3000 usd
@mdminulkhan5497
3 жыл бұрын
Thank you. Very informative. Became your fan just in one day!
@ravipeiris4388
6 жыл бұрын
Great video, will watch it several times before heading out to a dealer's lot. Wish me luck.
@LonghornAutoGlassSanAntonio
5 жыл бұрын
Great video thanks But however I calculated the finance charge with %3 interest rate the result it’s not $704.40 Would you please explain it how did you get that amount. Thanks
@linuxtov9056
4 жыл бұрын
Great!! Same here!! I thought I was getting crazy!! It doesn't add up... The explanation was amazing tho..
@360MIX
3 жыл бұрын
5:26 Why is the deposit added to the car price? should it not be a deduction?
@mr.nobody9630
6 жыл бұрын
Super helpful content. A+ Rating
@Adriand444
2 жыл бұрын
Currently stuck in a car finance contract that I want to get out. They won’t let me out the contract and is telling me that I have to pay and if I don’t they will garnish my wages. Any advice
@Diphenomenal1Show
4 жыл бұрын
I hope you will see this question. What if there was only 3 down payment on the contraband they want you to do 6 down payments is it normal?
@Myjhen
5 жыл бұрын
You mentioned about the signing part. What if the very bottom of the purchase agreement the guaranty part where the guarantor signs was not signed by the buyer or CO buyer except by the seller. What does that mean?
@auditingamerikkka1627
3 жыл бұрын
You're only supposed to pay the finance charge in connection with any consumer credit transaction the truth in lending act tells you that
@vanessad6549
5 жыл бұрын
Super informational!! Question - should line one be the MSRP of the vehicle or the sale price of the vehicle? I’m trying to finance thru my credit union and they denied my proof of purchase order because my line one had the sale price and not the MSRP
@georgemartin1436
6 жыл бұрын
Great content and presentation.
@loisangeleyez8799
4 жыл бұрын
What is the term co-buyer mean vs other from read it, it seems like the meaning of the co-buyer is the same as a co-signer as there is no part labeled for co-signer
@dcoop6403
3 жыл бұрын
how exactly do you get the finance charge amount. my math sucks so im not getting $704
@YourExcellency7
6 жыл бұрын
Very nicely done. Thank you.
@653j521
6 жыл бұрын
Thanks. :) What happens if the dealer can't find a lender who will do what the contract says? Is the choice returning the car or accepting a new amount? So you bought the car in another part of the country, traded in your old car, and now are expected to drive your car back there and get your old car back, or...what?
@Autocitysd
6 жыл бұрын
Hello - a very good question. An auto finance contract has a 10 day period during which a dealer has to arrange financing. If a dealer fails to arrange financing, they have the right to ask you to bring the car back and often sign onto new terms, or they may decide to carry the loan themselves (this almost never happens). You do not have to agree to the new terms and can return the car. In this case you are owed a refund as the transaction technically did not happen. In order to avoid this situation ask your dealer if they did a "pre-check" and secured financing before rolling the deal. Many dealers do pre-checks but again many roll a cart first and then shop for a loan.
@jeanne2108
5 жыл бұрын
I RECEIVED THE ORIGINAL AUTO CONTRACT FROM THE FINANCE COMPANY STAMPED PAID, MY CREDIT APPLICATION, AND A LETTER STATING THEY HAVE RELEASED ALL DOCUMENTS AND THANK YOU FOR DOING BUSINESS. DO I STILL OWE THEM MONEY?
@gabrielam2795
3 жыл бұрын
Gracias ariel ✨🙂🙂🙂
@instantwagner
6 жыл бұрын
Great video thank you for sharing.
@southside9417
Жыл бұрын
HELP 😭Where does the bank sign on this contract🤨🤔🤓
@ROMANEMPIRE69
4 жыл бұрын
My credit was totaled. So I ended up with a California red wood. 🤪
@billbrown4539
3 ай бұрын
If anyone got something out of this video I would be surprised 🤔👎
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