The handbook of theory and practice in bank credit analysis and ratings, fully updated and revised The Bank Credit Analysis Handbook, Second Edition explains the role and methodologies of bank credit analysts, giving both investors and practitioners an insider's perspective on how rating agencies assign all-important credit ratings to banks. Updated for today's environment of increased oversight and calls for transparency, it includes international case studies of bank credit analysis; suggestions and insights for understanding and complying with the Basel Accords; techniques for reviewing asset quality on both quantitative and qualitative bases; studies of the restructuring of distressed banks, bank rating types and symbologies; and more. Charts, graphs, and spreadsheet illustrations help tie together the issues discussed throughout the text.
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Used car dealers are not known for their fair trading, They have a tainted image at best. Fair assumption or not, nobody wants to be turned over. What these dealers get up to would blow you away. Here are two favorite scams the dealers love to play.
BAIT AND SWITCH - As old as the hills but still going strong.
- A dealer is advertising one of your favorite cars at a really low rate in the paper. You have never seen this car advertised at such a low figure before. Even though you are slightly sceptical, you decide to pop down th see for yourself. What a surprise, the car has already been sold. “Why not have a look at some others models while you’re here?”, says the dealer. You are interested though a little worried so you decide to listen to their spiel. If you ask for some figures the dealer will probably say that the finance manager wiil sort that out.
It is all about getting you through the door. Once you are there the dealers reckon they can control the process.
LESSON
- Do your research on the manufacturers websites and get to know about all the different options available on the model you are interested in.
- Having a friend with you can help if the dealer tries to put pressure on you.
- Check any documents thoroughly before you sign them and as ever, if in doubt, don’t sign.
POOR CREDIT RATING
- The Finance Manager comes out and tells you that your credit rating is lower than it really is. Because of this the interest rate will be higher so that the loan will be accepted. Making money doesn’t get easier than that!
LESSON
- Check your credit rating prior to visiting the dealership. Take some proof to show them if they try it on. The figure you are given regarding your credit rating is the same regardless of the identity of the searcher. To find out your credit rating visit Experian or Equifax, both of whom can give you a credit report. If they start getting bullish leave and do not return.
You’ll probably find this info. surprising. Let me tell you, there is plenty more that they get up to. These guys have turned selling into an art form.
These dealers are slick operators. Get the full inside story from an ex-salesman who was sick of the hustle. Get all the information you need on all the stunts they try to get you buying the car. Don’t let them walk all over you.
If you want to a buying guide for used cars or any other type of vehicle, check out all the scams here now!
