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Do not get ripped off by the dealer
Mar 26 2010Despite their best efforts to convince you that they have your best interests at heart, you need to be aware that dealers are in the business driven purely by commercial instincts and will do their best to make you pay more than you have to.
Some of the common tricks they deploy are as under:
a) If any dealer talks about helping you with the car loan repayment, do not take it at face value as you then become indebted to the dealer and your credit score will take a hit. That commitment by itself from the dealer should not be a reason for you to buy the vehicle from him.
b) Do not get into discussions on the car loan payments while ignoring the basic cost price of the vehicle in question. You must try to get this price to as low as possible before starting to discuss anything on the loan itself.
c) Beware of dealer prep costs and charges. You must equip yourself before hand with information on the standard prices and not get taken in by dealer sales pitch.
d) Do not feel pressurized into buying any extended warranty scheme by the dealer as he would have his own commission interest in making you purchase it.
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Cheap Car Loans and Fleet Sales are Helping the UK’s new Market
Created Dec 30 2011
Although car sales have taken a beating through much of Europe during the last couple of years, the prognosis for the UK car market in 2012 is considerably less dire, according to experts at Pricewaterhouse Coopers (PwC).
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Ford Plans to Double its Production in China
Created Jun 22 2011
Ford’s joint venture in China – Changan Ford Mazda Automobile – plans to soon double its annual production of car engines to 750,000 units.
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Insurance Website Names Most Dangerous Cars
Created Jun 20 2011
The popular insurance website Confused.
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FSA to Improve Complaints Handling Standards
Created Jun 14 2011
The FSA has announced a range of measures aimed at improving complaints handling standards.
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Financial Services Authority Cancels Retails Authorisation
Created Apr 21 2011
As most car finance buyers are probably aware, part of the responsibility of the FSA (Financial Services Authority) is to protect motorists against dangerous financial practices.
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Finance Becoming More Important in Car Purchasing
Created Apr 20 2011
In a recent interview with AM-Online, General Manager at BMW/Mini Financial Services, Joe Pattinson, expressed a number of opinions that are of interest to ordinary car finance buyers.
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Debt Recovery for Lenders Conference in London
Created Apr 6 2011
Those involved in the UK car finance industry will be interested to know that the FLA will be presenting a Debt Recovery for Lenders conference in London on the 18th May 2011.
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Duty Cut not Passed on to Drivers
Created Mar 30 2011
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Motor Industry Reacts to the Budget
Created Mar 29 2011
Reaction from the car finance and fleet industries to Chancellor Osborn´s latest "motorist´s budget" has on the whole been fairly positive.
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Japanese Disaster Hits Toyota Badly
Created Mar 28 2011
The ripple effect of the recent earthquake and subsequent tsunami in Japan is slowly being felt by manufacturers and auto loan buyers all over world.
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