Dealing with
Dealerships
Most new car dealers are honest, but
there are some who will scam you.
Read our annual Top 8 New Car Dealer Scams.
No part of the car buying process can be
cheater proof- tread carefully and be cautious.
Do your research outside of the dealership so
you avoid dealer scams. |
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Dealer Scam #1:
Selling you a car you
don’t want at a price you don’t want to pay
Avoid being talked into a car you don’t want,
know what you do want, from the broad to the
minute, and stick to it- and that includes price
too.
Dealer Scam #2: False advertising and bait
and switch
Ads can be misleading, know the fine print and
have a copy in hand. Don’t let advertising get
you in the door and fool you into a poor
decision- like an ’08 model instead of an ’09
model.
Dealer Scam #3: Making false promises
Don’t take possession of your new car until all
aspects of the deal are clear and complete!
That includes buffing out that scratch on the
bumper, installing the weather guard floor mats
you bought and having the valet key in hand. Be
patient, because once you drive off that lot
chances are all else will be forgotten.
Dealer Scam #4: Your trade in vehicle is
worthless
Dealers want to makes deals- know your vehicle
trade-in value.
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Dealer Scam #5:
Fees
The price of the car is not the price you’re
going to be paying. There are countless fees you
must be aware of- some legitimate and others
not. Sales tax and vehicle registration are set
by your state. Doc fees and dealer fees are
typically part of the package but you should
find out ahead of time what these fees are so
you know the add-on price. A doc fee may be
regulated by your state, or may be a charge set
by the dealership just like the dealer fee.
Knowing the amount of these two fees may help
prevent last minute price shock. There’s also an
advertising fee that will pop up when you go to
buy a new car- if the advertising fee is listed
in the vehicle’s invoice chances are it’s a
permissible fee, if your salesperson is writing
the fee into your bill of sale- not too
legitimate. Additional dealer markup fees are
also bogus.
Dealer Scam #6:
Credit problems and financing
Know your credit score and financing options
from outside sources. Don’t let dealers belittle
you for your financial situation, don’t let them
toy with you or stick you with an unjustifiable
high rate. Don’t drive off in a car that is yet
to be solidified in a financial contract, you
may get stuck with a higher interest rate than
you bargained for.
Dealer Scam #7:
Options, accessories and extras
Evaluate the warranties and options being
offered. If you’re watching where your money
goes during your car purchase, be guarded and
watchful when it comes to this part of the deal.
Chances are you don’t need to buy the extra two
year car warranty right then and there- you have
four years to make that decision. Does the tire
warranty being sold allow you to get your flat
fixed anywhere or does it have to be at the
dealership?
Dealer Scam #8: Driving away in a lease or used
car
Much like Scam #1- know what you walking in for
and don’t drive out with anything less. If
you’re shopping for a new car purchase don’t
change your plan mid shopping experience and
decide it’s okay to lease. If you’ve decided to
explore other vehicle/purchasing options
reorganize yourself and begin researching and
come back to the dealership another day. Be a
smart consumer.
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