Watch THIS Before Buying a Car! Step-by-Step Vehicle Purchase Agreement Breakdown

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Kimberly and Zack break down all you need to know before you sign your vehicle purchase agreement.

[mrs.kpbailey]

I’m glad I didn’t cut class today because I needed this! Thank you!

[mwtkd]

I feel victim to predatory lending when I was 21 years old. I wished you guys were making videos back then.

[joelado]

This was so valuable. My eyes would cross everytime I would look at this stuff. I've hated this so much that for the past 30 years I've purchased my cars with cash. I need a new used car (new to me) and I need to finance it this time. I've been totally dreading it. After watching this video I feel so much better about the process. Thank you.

[QueendomCome]

This is exhausting...lol. I hate the car buying process, which is why I come to the dealership with financing already secured and decline all the extra crap they try to sell to me.

[wmweeza]

This was helpful, thanks Kimberly and Zach! I'm buying my first car in January and I'm a bit nervous...but spending my time now learning

[cliffco]

I purchased my first car in '93 and got ripped off so bad. Wish I had YAA back then. Thanks for doing what you do. Hopefully saving others from what I went through.

[jimmulderig]

She is the best. So much car knowledge.

[zadokisrael]

The buyer (drawee) issues a purchase order and the seller (drawer) issues a invoice bill, of exchange. A bill of exchange should be drawn by the seller (drawer) on the buyer (drawee) of goods or services sold and accepted by the such buyer (drawee). Pay to the order of (buyer) is a form of negotiation, drawn by the seller (drawer) that has to be accepted by the buyer (drawee).

The Note that is prepared by a PAYING AGENT, is a Substitute for Cash that belongs to the indorser, and it paid for Vehicle.

So much for the Truth in Lending "ACT."

[Retiredmco]

Ms Kimberly and Zach love this important video!!

[unfairsanic]

Thank you im learning alot from this channel

[jordans]

Not boring! So greatful for this info!

[MRDDev]

Here is a magical secret thing to pay less money on a financed car. You can pay it way before the loan expires. So you can have whatever amount of interest at the end of the life of the loan, you are not going to pay that because you should pay your loan early and not give money away to banks :)

[WilliamJSisti]

Last time I bought a car I would bring a spreadsheet with all the APR calculations setup so I could quickly double check any dealer math. I think my spread sheet came within $0.25 of the bank documents. Quick and easy way to keep them honest.

[engineeringoyster]

You say that many people are unfamiliar with how interest works. How do you overcome that barrier? If they are surprised by the concept of interest, that is a pretty clear indication that they are naive on all financial topics. It is unreasonable to expect an F&I Manager to tutor them in 5 minutes on a topic that requires weeks in a quarter long class on consumer financial topics.

[michaelbauer]

Zach, another great and informative video. It was concise, precise, and right on target. Kim made all the bullet points understandable while being fun while watching. She’s one smart, caring woman and certainly not hard to look at. Keep up the great work…please!

[darrell]

Car contracts! They frost my cookies! Great video, thank you so much!

[denisedy]

if ever the financed charge doesn't add up and I asked for a break down and opt out of the gap fees and other additional stuff they added to it and yet it still doesn't add up to the agreed upon price, can I not go through with the deal and is it ok to walk away from that?

[pware]

Carmax and Carvana stock is crashing today big time... cheaper used cars coming :))

[SoCalBIGmike]

I have such a crush on Kimberly! Don't know how I found this channel, but great work guys.

[stephenfiore]

…@…time….9:15….match long sales contract (bank contract) $ amount to buyers order (ie purchase order) amount $. All found at the end of each document