Three Questions to Ask Your Finance Manager and Their Big Lie

💰Ask your finance manager what your base payment is to ensure it matches what you were told by the salesperson.

💸Inquire about the actual cost of additional plans, such as a vehicle service contract, to avoid being taken advantage of.

🔍Ask the finance manager to show you your approval from the bank to understand the terms and potential markups.

🤐Avoid discussing your financial situation on the showroom floor to protect your sensitive information.

🚫Do not believe the lie that there is a prepayment penalty. Consult your approval and contact the bank to find out the truth.

Why is it important to ask about the base payment?

—Asking about the base payment ensures that it matches what you were told by the salesperson, avoiding any surprises or discrepancies.

Why should I inquire about the actual cost of additional plans?

—Inquiring about the cost of additional plans, such as a vehicle service contract, allows you to make an informed decision and avoid overpaying.

Why should I ask to see my approval from the bank?

—Seeing your approval from the bank allows you to understand the terms and potential markups, empowering you as a consumer.

Why should I avoid discussing my financial situation on the showroom floor?

—Discussing your financial situation in a private setting, like the finance office, is important to protect your sensitive information and maintain confidentiality.

Why is there no prepayment penalty, despite what the finance manager may say?

—The lie about a prepayment penalty is often used by finance managers to prevent chargebacks, which reduce their potential earnings. Consult your approval and contact the bank to confirm the truth.

03:35The first question to ask your finance manager is about the base payment to ensure it matches what you were told by the salesperson.

06:26Inquire about the actual cost of additional plans, such as a vehicle service contract, to make an informed decision.

08:05Ask the finance manager to show you your approval from the bank to understand the terms and potential markups.

09:36Avoid discussing your financial situation on the showroom floor to protect your sensitive information and maintain confidentiality.

09:51The big lie is that there is a prepayment penalty. Consult your approval and contact the bank to find out the truth.