Monthly Archives: February 2010

Before entering a car dealership, you should be well-informed and prepared to avoid becoming a dealer fraud victim. The most important way you may prepare yourself is by researching the types of cars and deals that are out there. Most car companies have websites which enable you to learn about the different models, options and prices of most, if not all, of the automobiles available. You can even build the car that you are interested in, including options and packages, and then see what the car company will quote as the price. With this information you can go back to the car dealers and show them that price quote. …

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You might have heard that repossessed used cars are sold at huge discounts compared to their market price. While this is not too far from being true, this knowledge won’t be much helpful if you do not know where to locate these sales and how to really get the best deal and make sure you do not fall a victim to various car dealer scams. Generally, repossessed used car sources include repossessions by banks as well as police impounds and third party agents who are engaged with repossessing and storing these vehicles. Then these companies will organize auctions and sales to sell the vehicles as soon as they can …

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To avoid becoming a dealer fraud victim and a dealer fraud attorney’s potential client read our blog and watch for these car dealer tricks. Profiting from Rebates Rebates attract a lot of customers, but the discounts can hide several car dealer scams that are employed to suck a few bucks from a buyer. First, don’t let a salesman tell you that you are getting a good deal because of a rebate; rebates come from the manufacturer and usually apply regardless of the price you negotiate with the individual dealer. Negotiate as if there are no rebates. Second, make sure that the rebates are deducted from the purchase price. If …

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Auto warranty scams are becoming more and more popular as a quick way to make money. An auto warranty is a type of insurance coverage. New cars come with an auto warranty covering any mechanical defects and providing assurance that there will be no surprise maintenance costs. These warranties are normally for a specific number of years or mileage and are used for service at automotive dealership service centers. There are three ways to avoid auto warranty scams: investigate, check references, and verify independently. Invest the time and effort required to reduce your risk of becoming a victim of auto warranty scams. The more information you have, the more …

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Odometer is an instrument indicating distance traveled by a vehicle, but criminals are using various instruments to roll back the milometer to sell the vehicle at a higher price. Odometer rollback schemes represent a high profitable car dealer fraud. In addition to an old machine with false mileage you also get a car which will most likely need more maintenance and repair, thus almost guaranteeing you a return to the car repair shop. And of course the result is more money to be paid by you. Only a low percentage of odometer fraud is executed by amateurs, usually this crime is associated with intelligent organizations or individuals who develop …

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Auto dealer scams are a big concern for many potential car buyers who may easily become dealer fraud victims simply because of lack of homework and knowledge in this field. Altering the Bill of Sale Never sign a bill of sale with terms that are “subject to bank approval” or have similar wording. Some dealerships convince customers to sign such a document and release new cars to their happy owners, only to call the buyers back a few days later to say that the loan fell through and they need to come back in to sign some new paperwork, which almost always costs buyers more than the negotiated price. …

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According to statistics used car buyers have a one in three chance of buying a vehicle that’s subject to car dealer fraud. But with some care you can avoid them and find the car of your dreams. What Scammers Do? * Selling a car that’s been repaired after an accident. The frame might be bent then re-straightened, or any number of faults could be covered. Obviously, they are not going to tell you that – they simply want to sell the car. Buy it and you could be riding a death trap. * Selling stolen vehicles. Only two-thirds of cars stolen each year are recovered. Many stolen cars are …

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When searching for the right type of auto credit it is easy to fall prey to all types of car dealer scams that promise interest rates which are too good to be true. The truth is that if you come across a lender that offers you auto credit that you can find nowhere else the chances are that this is probably a lender that is offering a low interest rate but will balance out the equation by charging you for extra stuff. This is why it’s imperative that you find out exactly what you are getting into before you sign up for the auto credit. Many people search for …

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Auto financing scams are often contrived by car dealerships, salesmen, finance office staff and other lenders. To avoid car financing scams, buyers must prepare thoroughly for the process of getting car financing. Look through the following auto financing scams to avoid becoming a victim of car dealer fraud. Window etching trick Window etching is a very common car dealer trick. The dealer will offer to etch the VIN number of your car onto the window of the car for a price. Basically, the price ranges from $300 to $1,000. Some buyers think that they did a good job by being able to talk down the price to a few …

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Car dealer tricks are various and being aware of them is more than important. If you are not careful enough you can get ripped off in car buying process without even knowing it. Car dealers sell cars every day; you buy one surely not even every month. So car dealers have predominance over you in this particular case. In this article we will try to outline how to watch for car dealer tricks. Step 1 The first step is to tell the sales person that you are not going to discuss rebates until you have agreed on the price of the car. Rebates are intended to attract car buyers …

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