Mar
12

Car Dealer Tactic – Undervaluing Your Trade in Car

One of the most commonly used dealer tricks is when the car dealer agrees with the mechanic to undervalue your trade in car. If you think you can get more for your trade-in, you will try to just get a clever salesperson that might give in and agree to an excessive price for your trade in. However, what the dealer will do is to look up on the computer or in the Car Dealers Price Guide to find out the going price for your trade in and will start from there. Be wary not to end up shouldering all the car costs in the end. This generally happens when the car dealer charges too much for your new car.

Let’s say the car dealer. When you have already negotiated all the details with the dealer he will contact you before your new car is delivered and inform you that there is an issue with the trade in. The dealer will ask you to bring the car into the workshop for further inspection. Typically your vehicle will stay in the garage for 60 minutes, although nothing will be done to it. After this the salesperson will let you know that the mechanic claims to have found your trade-in is really worth $500 less than what they have offered for it. In case you give in and agree your used car is really worth less you’ll become a victim of an auto fraud and the salesperson will make extra $500 profit.

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One Response to Car Dealer Tactic – Undervaluing Your Trade in Car

  1. I’d have to check with you here. Which is not something I usually do! I enjoy reading a post that will make people think. Also, thanks for allowing me to comment!

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