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Old 24-10-2005, 01:34 PM   #30
Big Mike
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Quote:
Originally Posted by RED_EL_XR8
I'll have to pull you up on this one Mike, everyone is entitled to an opinion
Ignorance and stupidity are with us all through everyday life. And there are plenty of examples of both,
I've been trying to figure out something intelligent to say - but all I can come up with is "Fair call, I fully agree with your reply." I hope that is suffice?

I meant to say something about the dealer's finance in my ramblings last night but forgot.
XHII V8S mentioned how they offered him their finance, which can often be dodgy and very dear. Extreme interest rates and no support, with worthless other products added or hidden to aid the commission of the finance guy (who is payed commission from the finance company, not the dealership).
In my yard we sold StGeorge products, and my finance guy was very good. I would suggest, given the whole experience is about a gamble, seeing who you come up against and to what lengths they'll go to appear to help - or genuinely help you; I reccommend you talk to the finance guy just to get a quote; prefferably without all his extra products, just to compare with the bank as it costs you nothing to see.
At the beginning of this year when I left, my finance guy was financing at about 8.25% on most deals (up from mid 6s when I started there); as his minimum rate had risen, as did the banks, and he still found he could beat all the banks, even StGeorge/BankSA employees couldn't better him on rate and other fees, and only one credit union could better him from time to time. Filling in for his colleagues at our other yards, he found they were putting in some rediculous products at extreme prices, and charging exhorbitant interest rates - like towards 20% and sometimes higher. None of us could figure out how they were doing it, excpet if they were simply railroading customers into a car, a deal, and getting them all stitched up before they knew what hit them.

So it doesn't cost anything to get a quote - and you might come accross someone like the guy I worked with; but just as you should be weary of pricks at the frontline level, they can also hide behind desks in offices too - so keep your wits about you and as always compare what's around.

Last edited by Big Mike; 24-10-2005 at 01:39 PM.
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