Dealership Finance Secrets Revealed by Edmunds.com."Confessions of an Auto Finance Manager" Guides Consumers Through Hazardous Last Step in the Purchase Process SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif. -- The auto finance manager's office, where most vehicle purchases are finalized See finalization. at dealerships, is a treacherous place for consumers. Many enter with a great deal only to end up getting fleeced fleece n. 1. a. The coat of wool of a sheep or similar animal. b. The yield of wool shorn from a sheep at one time. 2. A soft woolly covering or mass. 3. Fabric with a soft deep pile. . Edmunds.com, the premier online resource for automotive information, has followed up on the success of "Confessions of a Car Salesman" with "Confessions of an Auto Finance Manager." The new expose reveals numerous auto finance strategies that can rob consumers and drive up dealership profits. "The auto finance process is extremely complicated and foreign to most consumers," said Philip Reed For Phil Reed, the New York City Council Member from 1998 to 2005, please see Phil Reed. Philip Reed (1760 – November 2, 1829) was an American politician. , Senior Consumer Advice Editor for Edmunds.com, and co-author of the new series. "After negotiating a fair price with a salesperson, consumers are forced to face the auto finance manager who presents an array of confusing options and financing choices. It's no surprise consumers often make poor decisions in this environment." Packed with real life-stories and back room secrets, "Confessions of an Auto Finance Manager" reads like a novel while providing vital self-defense strategies for consumers. "Confessions of an Auto Finance Manager" advises consumers to do the following: [TABLE OMITTED] "Auto finance managers generate enormous profits for a dealership and are some of the highest paid employees," said Reed. "They profit directly from consumers' lack of knowledge." More detailed guidelines for successful navigating the auto finance process are available in "Confessions of an Auto Finance Manager," located at http://www.edmunds.com/advice/buying/articles/125308/article.html About Edmunds Inc. (http://www.edmunds.com/help/about/) Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value([R]), is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP (chat) asap - As soon as possible. , has been selected by consumers as the "Most Useful Web Site" according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site See social networking Web sites and social networking site. and home to the oldest and most established automotive community. AutoObserver.com launched in 2007 and provides insightful automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, , and maintains a satellite office in suburban Detroit. |
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