This is the second part of the interview with Joe Vitale. In the first part of the interview Joe discussed the etymology of his name, and his ideas about money, success, and the law of attraction. This second part will cover some specific examples of things he’s done as an entrepreneur. He goes into some detail about the business model he’s used since he was fifteen years old, and also talks about how he got started with his own online network marketing company. He talks about making it successful, what he learned along the way, and how he got promoted to the position he’s in today.
Let me start by saying that I believe that anybody can be successful as an entrepreneur, and I’m certainly not trying to insinuate that Joe Vitale isn’t. I believe that with hard work and persistence anyone can be successful and realize their dreams. The main point I am trying to make is that the way he has set up his business relates to how he thinks about running a dealership financing business. The reason I say that relate to his mindset, and his perception of money, success, and relationships. After reading this entire transcript, if you think that maybe you could benefit from some of the advice in this article, then you definitely have found a valuable resource.
You see, if you ask a successful “car dealer financing expert” the exact type of auto financing that he recommends, the response that he will get is going to be somewhat different from someone who asks him for a car loan. The successful consultant will say that he goes with direct lending, and the less successful consultant will say that he goes with mortgage funding. So, why is that?
Well, the difference between these two types of car finance companies is where the money comes from when an auto financing company loans someone a car. In the case of a direct lender, the money comes from a lender, and the dealership financing company uses some type of bank to secure the loan. In the case of mortgage funding, the money comes from a bank, and the dealership financing company uses a mortgage company. So, which is better? The answer is that they are both better, but where they differ is in the type of auto financing that is offered.
Now, direct lenders are much more likely to provide you with specific information. They will have the specific information that relates to your credit, income, and down payment. They will also be able to tell you what types of vehicles qualify for the least amount of down payment, and what vehicle will save you the most money. Also, they are going to tell you exactly how much you can spend. Because they are direct lenders, and not dealership financing or banks, they are much more accurate.
But, what about a bank that gives you a loan for your auto? How do you know how much your auto will cost? How do you know if it’s a good deal or not? In this case, it’s best to stick with a bank that specializes in auto financing. These banks are much better equipped to help you understand auto financing, because they deal in so many different types of loans, and offer so many different options on them.
Dealership financing or bank, on the other hand, tends to specialize in giving out one type of auto loan, usually for cars. They also are very likely to try to sell you something else through their lender. If you choose a dealer financing company, you’re going to deal with a group of people who work together, and often shop around for the lowest prices on auto loans. While this can work to your advantage in the sense that you’ll get low interest rates, it can also mean that you’ll be stuck paying high interest to the auto company for years to come.
The best option for an individual, who needs help in purchasing an auto but doesn’t have the best credit, is to go with a dealership financing or bank. They will work with you to find a way to give you the cheapest interest rates possible, while still giving you a good price on the car you want. After all, nobody wants to buy a car with terrible credit. They would much rather spend the time and effort finding a new auto to buy and improve their credit as they go. With a dealership financing or bank, this can be done very easily and quickly.