Posted by NewBuyer on January 13, 2010 | No Comments
One of our favorites written by a former car dealer and finance manager. A content-rich, six-page look into how to negotiate the best deal with a car dealer. Advice includes how to prepare for your dealership visit, rules for your visit, things to remember before talking with a salesperson, comparison shopping at other car dealers and how to reach an agreement.
Source: Helium
Read More About Car Dealer Negotiation at Newbuyer.com
Posted by Elizabeth Dennis on December 30, 2009 | No Comments
A high-quality, must read about mortgage loan pre-payment penalties. Learn how borrowers often agree to pre-payment penalties in exhange for lower interest rates. When these buyers refinance their loans (within the first three to five years), they are faced with significant pre-payment fees. Often the savings from the negotiated low interest rate are not enough to cover the fees.
From the resource: “Lenders say prepayment clauses aren’t a hidden fee but rather an option they offer to borrowers seeking better terms. In return for accepting the penalty, borrowers generally get a rate about one eighth to three eighths of a point below the market rate.”
Source: Wall Street Journal
Learn more about negotiating mortgage terms at Newbuyer.com.
