Monthly Archives: September 2009

Rolling back car’s odometer to increase its resale value is one of the oldest tricks in the book but there are ways for consumers to detect this dealer scam. Odometer rollback is harder today than it was thanks to computer technology and the availability of vehicle history reports. Some savvy individuals and unethical car dealers, however, are finding new ways to turn back the clock on the cars by rolling back their odometers and selling them for more than they’re worth. To help consumers to detect signs of  their car’s odometer  tampering, we’ve put together a list of things to look for. First of all, use CarFax or AutoCheck …

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Sellers are supposed to disclose if a vehicle has a salvage title, however this is not always the case. Carfax reports that yearly thousands of salvage cars are sold to unsuspecting buyers. Altered title documents and cheap cosmetic repairs make the cars look sound. When purchasing a vehicle, always check the title for any “remarks” on the title that will denote any discrepancies such as: Reconditioned Salvage Flood Theft recovery Stolen True miles unknown Out of state title Exceeds mechanical limitations Remarks such as the above mentioned are causes for alarm. Besides, be aware of the limitations of a CARFAX vehicle title report. A vehicle with a Salvage” or …

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To secure yourself from car dealership tricks, you should learn dealer scams. In this blog we will discuss the situations when a car dealership financed contract may be cancelled. If you buy a car that is financed through the dealership, the dealer has a right to cancel the contract, but only if you are notified within 10 days of the date on the purchase contract. It is based on the language of the purchase contract. Look at your purchase contract. That’s the long yellow document containing “RETAIL INSTALLMENT SALES CONTRACT” note at the top. Turn to the back of the purchase contract, and find the box with the “Seller’s …

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Car dealers use a number of different psychological technique and financing secrets to trick the consumers and make profit. Of course, consumers would like to know all the car dealership tricks and tactics that are most commonly used by almost every salesperson and dealership. Knowing the salesman’s every move and being prepared to respond and come up with a few tricks and tactics of your own will help you to easily avoid car dealer fraud. Thus, the first and the most important thing in buying or leasing a new car is to be prepared. Buying a vehicle requires careful planning. This will be useful to get the best possible …

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Yo-yo financing fraud is one of the most common practices of car dealerships. It is also known as the spot delivery fraud. This car scam happens to consumers with below average credit score, when the car dealer convinces the consumer to drive off in cars without finalizing their loans. Typically, the finance manager at the dealership will tell you you’re told that your credit score is excellent and that you got a good APR on the loan. They will give the customer some paperwork to sign, give the keys to the vehicle and tell you that the sale is final pending loan approval. The consumer takes the car and …

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Used car buying scams do happen! In fact they are very common. Used car dealers are master negotiators and are good trained on different sales tricks, tactics and strategies. If you intend to buy a used car you should go to the dealership being well prepared, so that the car dealer is not able to talk you into a car deal you are not happy with. Here are some of the most common used car buying scams you should be aware of. 1. The deal won’t last – This is a very commonly dealer tactic. When the car dealer feels that you are about to leave the dealership he …

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Odometer is a means of indicating distance traveled by a vehicle, but criminals are using different instruments to roll back the mileometer in order to sell the vehicle at a higher price. A high profitable fraud is represented by odometer rollback schemes. In addition to an old machine with false mileage you also get a car which will most likely need more maintenance and repair. Amateurs execute only a low percentage of odometer tampering. ODOMETER FRAUD TYPES False or Altered Titles – A clear title is much more valuable than a wrecked or damaged car title. This scheme appears when a dealer buys a high mileage vehicle and subsequently resells it with …

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There are car dealers in the industry that scam customers without even blinking an eye. If you intend to buy a new or used car and want to avoid being a victim of dealer fraud, then you should be well prepared with the best knowledge about most common dealer tricks , tactics and strategies used to make you pay more. Remember, that a car dealers scam may start when you pull into the dealership lot. So be prepared even before you go to the dealer’s lot and talk to the dealer. If the car dealer notices that you are just starting to look and are not sure about the …

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Here are some tips to help car buyers avoid the bad credit score scam and save hundreds and even more when you buy a car. First of all, it is important to mention that not all car dealers want to scam you. However, you should still be careful to prevent this car scam. The credit score scam occurs in the car dealers auto finance department. When you have already negotiated that price for the vehicle the salesperson will go to the finance department and return some time later to inform you that your credit score is too low. This is a common dealer trick used to get the car …

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The Bump and Grind car dealer scam is a common dealer trick, used to increase the price of the vehicle and occurs during the negotiation process. Car dealers know that if they try to raise the price of the vehicle for $2000.00 right off, the consumer will probably go away from the deal. So what they basically do is just raising the price by just a little here and a little there. This technique proves to be quite effective. When the car buyer makes an offer on a car, the sales person will most likely tell some bogus line like: “Gee, I know my boss will kick me out …

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