Car industry is one of the industries that are hit a lot by scams. It seems like new car dealer scams are used by car dealers every day. And if you are not careful enough, you will probably become the next victim of these unscrupulous salespersons. However, you should know that there are ways to protect yourself from new car dealer scams. Here are some of the ways you can use to protect yourself from dealer fraud.
The best way to avoid new car dealer scams you must be aware of the common methods used by dealers to fool car buyers and make them spend more money than they should on a new car. The most common scam is concerned with the monthly payments set for a new car. The practice of many dealers is to set the monthly payment at the lowest possible cost to make it seem that the customer is getting the best deal. However, if you look closer you will notice that the car is overpriced. Avoid this scam by always checking the overall price of the car before agreeing on the terms of payment.
Some car dealers will also try to scam you by informing that you cannot negotiate the prices of the cars. This is simply not true! Remember, that everything is negotiable.
Often car dealers will offer extended warranty deals that are unnecessary. Do not let the dealer decide for you whether you need an extended warranty or not.