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Buying and Selling Used Vehicles INDEX INTRODUCTION A. Steps 1 Where to Find The Vehicle of Your Choice 2. Making the Initial Contact (Common Questions and Answers Included in Steps) 3. The Face to Face Presentation 4. Closing the Deal 5. Paperwork and Insurance B. Definitions C. Suggested "Assignment Agreement" D. Telephone Information Sheet E. Assignor/Assignee Responsibilities Power of Attorney Application Information Personal Reference Form Uniform Commercial Code, Article 9, Section 311
INTRODUCTION
THE CONCEPT: PROBLEM: (A) A person has a car he no longer can afford. May be about to be repossessed. PROBLEM: (B) Another person has a "Bad Credit" history and cannot buy a car, but can well afford to make the payment on a recent model vehicle. SIMPLE SOLUTION: (C) Put these two people together. Person (B) will assume person (A)'s payments and insurance.
NEW COMPANIES EMERGED A few years ago an industry emerged that served the needs of individuals who have had past credit problems, but can now afford monthly car payments. These COMPANIES helped people with PAST CREDIT PROBLEMS SUCH AS: Bankruptcy Repossession Judgments Divorce Medical Bills No Past Credit History Late Payments Many Other Problems These problems are held against these individuals by lending institutions for up to seven years. WHAT THESE COMPANIES DO: These companies would find vehicle owners who can no longer afford their monthly payments. These owners would gladly allow someone to take over payments on their vehicle in order to save their credit, with NO CREDIT CHECK. SAVE $1,500/$3,000: