lectur2-page7 - warranted. How many of you truly understand...

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Individuals with a well rounded education tend to be more confident, more assertive, and more knowledgeable during purchase negotiations. They tend to be less naïve and less trusting of others to look out for there well being. How often have you seen on the T.V. news a segment about an older, less educated citizen that gets ripped off in some sort of a scam? You probably sit there wondering how “stupid” this person is to fall for this obvious scam. They are probably not “stupid”, they are probably ignorant of how to best protect themselves and too trusting of a slick talking con artist Obvious to you maybe but much less obvious to a less slick talking con artist. Obvious to you maybe, but much less obvious to a less knowledgeable person. Ignorance is taken advantage of by those with knowledge in many cases. Your best defense is to become as knowledgeable as is economically
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Unformatted text preview: warranted. How many of you truly understand how the auto purchase process really works? How do you know if you are getting a good deal or not? What did a dealer pay for a vehicle? How do you find out? Do you need credit life insurance if you finance a vehicle? Should you finance a vehicle with your bank or through a dealership? How does that financing stuff work anyway? What is a rate concession? Is leasing a good deal or what? During my college days, I was fortunate to work as an independent contractor for a major auto makers credit subsidiary. I repoed cars and trucks at 3:00 a.m. in the morning. You learn the business, and make contacts that you profit from in the form of lower costs years into the future. Want some answers to those questions? E-mail me. Are there positive net returns to knowledge (education)? 7...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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