High-Risk Borrowers and Car Sales: A Salesman's Perspective

Car Salesman Explains Challenges of High-Risk Clients A recent video by Alonzo Massey, a car salesman in the US, highlights the complexities of working with customers who have limited credit history. The video shows a customer buying a car for a friend who is considered a high-risk borrower. The salesman explains that the friend's limited credit history results in a higher interest rate from the bank. "Higher risk means that a bank considers you high risk because you haven't established enough credit for them to judge you off of," Massey explains in the video. This leads to a back-and-forth negotiation about the interest rate and various dealership fees. The salesman emphasizes the importance of transparency and honesty with clients, even those considered high-risk. The video concludes with the salesman's advice to have the actual buyer present for a smoother process. This highlights the importance of clear communication and understanding between customers, sales professionals, and financial institutions. The video serves as a reminder of the importance of establishing good credit and the complexities of the car buying process. It also underscores the need for transparency and clear communication in all financial transactions.