straight talk

So Why the Hell Should We Lend To You When You Have No Confidence In Us?



Posted: Thursday, December 04, 2008

by

I guess many of us have gotten a call from a car dealer as a follow up to a trip in you may have made recently. Well this one Chrysler dealer calls frequently. It seems they are changing staff like underwear and are ready to deal. All kinds of incentives and lots of fine print that God might find hard to read or understand.

Anyway you get there only to be told by the "new" bunch of sales personnel the same old story line. Hey this sounds like Congress and our politicians. New service, new staff, new deals only the same old way of doing business. You car worth nothing and how does $400.00 a month sound? Oh my car, worth 1/3 of what they are selling for on their lot.

So they call me at home to find out what they could have done to sell me a car. Well first off you should get your salesperson a new jacket he had GM written all over it and your a Chrysler Dealer. Talk about new, really. Do they think GM is doing any better? Yes sounds like our new cabinet. Secondly, lets get down to business, if mind you that you really wanted to sell me a car you would have. It is that simple.

Why, you would have thrown that credit card debt into the sea of forgetfulness, looked at my mortgage, utilities and car payments and saw they were all on time or if late paid. It is that simple. Three things we all need to go to work and pay our bills. Well I know I'm irresponsible. and not credit worthy. Well hello who is? So why did you call me? Oh I got it, like all the rest, hope.

Ok, so I ask them to tell me quite honestly how many cars they you sold this month. We've sold a few I'm told. Yes and if you did your lucky and to those who don't need credit and purchased cash. The other 80% of us walk. Well you are right about that they say. So if you , or Chrysler had taken a chance on me, knowing my car payments are up to date and taken directly from my pay, you would have no more risk then you have now except and that except is a major one, you would have moved a unit, and if I am who I am and working you will be paid and income would be coming in with interest. This way you have one more unit, only collecting rust.

So you prefered to let me walk. Whyl because I'm not credit worthy. Now anyone who lends takes a risk. It is, and we seem to have forgotten that, called assigned risk. It is part and parcel of doing business. Every time you let someone walk you put a nail in your coffin. Yes that owner who is sitting nice and pretty who won't take a chance on people and thinks bringing in the guy across the street who couldn't sell at that dealer either will bail him out, well what can one say? Hey, I'll agree it is a risk but so is life and if he doesn't sell and goes belly up what does he have?

The fact is most people who work pay their car, that is if they don't place them in one upside down, rape and pillage them and actually deal. The ones they get back worth less then what people owe. These guys are still living in the flip that house age. deala nd deal right if that can be done on cars costing tens of thousands and take the hit. As they say a 1/2 a loaf is better then none. At least you will move inventory and guess what you will write it off. That is why you pay those bean counters so well.

So do you really think 50 million of us will be able to buy next year ot the year after if we are irresponsible and not credit worthy ? So why the hell should we, yes, We the People lend to you who have no confidence in us? Hey we look at it the same as you. If you can't sell to us then who the hell is left to sell to?

Robert T. Melaccio Sr. 2008 Copyright 2008 Robert Melaccio Sr.

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Robert Melaccio Sr. has worked in the computer industry for 40 plus years in a diversified business and managerial environments. He enjoys freelance writing, giving seminars for young adults and teen groups as well as being an accomplished award winning poet of published poetry. He has worked teaching and as a youth minister. He is married and has three children and three grandchildren.

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