Tag Archives: car dealer scams

 “When is the best time to buy a car” is the favorite topic of all car buyers. There are various opinions on this theme and each of them has a grain of truth. So let’s discuss the most common opinions. Rainy Days Some people believe that since almost always there are very few buyers on the lot, it is highly likely that the salesmen will offer deep discounts. Is it true? If you choose a rainy day for buying a car, you'll send a wrong signal to the salesman, i.e. he/she will think that you need a car TODAY by all means and will agree to buy it at …

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It never stops to amaze us how cunning some car dealers are — to all the time they are trying to find new ways to take advantage of car buyers. Here are two of the newest car dealer tricks that we have not written about yet: 1. Spot Delivery: You have chosen the car you want, filled out all the paperwork (including the car loan application with the car dealer’s finance department). The car dealer notifies you that even though your loan hasn’t been “formally” approved yet, you can drive the car home anyway. Do Not! Here is what can happen if you do: A few days later, you …

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Car dealers may oftentimes be fraudulent, so you have to be very careful not to become a victim of auto dealer fraud. If you are about to buy a new or used car, you’d better arm yourself with some knowledge on common car dealer tricks, tactics and strategies. Your first step should be preparing yourself to a talk with a car salesman since car dealer scams start from the moment you enter the car lot.  Dealers are usually very quick in evaluating the customer. Once they realize that you are just beginning to look for a car and that you don’t have a clear idea of what you want, …

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Car dealers do not sit on their hands, they constantly think of new methods to take advantage of car buyers. Here are the most recent car dealer tricks. • Spot Delivery: When you choose the car you like, fill out all the paperwork, the car dealer tells you that although your loan hasn’t been “officially” approved yet, you can drive the car home anyway. Don’t agree! If you do, the car dealership will call you and say that your loan wasn’t approved at the interest rate you discussed. However, you were approved at a higher rate. This signifies that you’ll likely pay thousands of dollars more than you expected. …

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If you are going to buy a salvage car from a salvage car yard, you should know that the inexpensiveness of the cars is due to the defects they have. Such cars usually miss some component parts or are damaged in some way. They require significant restoration and repair before they will be fully functional again. The most common car dealer scams associated with salvaged car buying are the following 2 scams: Power Steering Scam It is difficult to check the components of the car, as it may be inoperable at the time of sale. Be careful when dealers assure that a salvaged car has a power steering, especially …

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To avoid falling victim to various car dealer scams, one should be very well aware of them. It is the buyer’s job to make sure they have done their research on a vehicle before entering the car dealership. The buyer should clearly know how much he/she has prepared to spend on his/her new car. The first place you can get caught with car dealer scams is in negotiating the vehicle’s price. There are various websites that tell you the car dealers actual cost on a particular vehicle as well as the average selling prices for that vehicle in a particular area. Have this information with you and never negotiate …

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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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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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