Tag Archives: Monthly Payments

1.    Step 1 Understand that aim of any bait and switch artist is to get the person inside the store. If you go to purchase a particular car at a certain price, and the car is gone, you may have been lured by bait. Don’t bite. Insist on a rain check for the car. If you can’t get one, leave the store. 2.    Step 2 Play the skeptic. If a price sounds too good to be true, assume that it’s nothing more than bait. For example, a car dealership ad may feature a car at a great price, but you find out it has no special features. Also the …

Read more Comments

1

Buying a car means that you will own the vehicle when you finish making payments on it. Leasing means that there is a period of time – the lease period – when you’ll be making monthly payments on the car and at the end of the lease period you will not own the car (unless you make a large payment to own it). Plus, if you want to return the car before the lease period is over, you’ll have to pay a big penalty (an “early-termination fee”) to do that. Customers routinely fall into auto scam when car dealers lead you to believe that you are purchasing when you …

Read more Comments

1

When buying a new car, people most frequently turn to car dealers as to the most knowledgeable and trustworthy people to buy a car from. However this is not always the case. Some car dealers are simply dishonest and use really mean scams for tricking you. So one should be extremely cautious to avoid becoming a dealer fraud victim. Today we will discuss the The Payoff  Your Loan Scam and try to reveal the related  dealer tricks. This is when the dealer offers to pay off the balance of your current car loan no matter how much money you still owe. It is a common sales strategy. When the …

Read more Comments

2

There are car companies that offer a so-called “single-payment lease” for those consumers who don’t want to make monthly payments, but do want to lease a vehicle. In this type of leases the entire lease is paid in one sum at the time of signing. Typically, a single-payment lease is the same as any other lease, but the cap reduction payment is large enough to drive the monthly payment to zero. As all of the depreciation and interest is paid at the time of signing, single payment leases save the consumer finance charges. On the other hand single payment leases represent less risk for the leasing company, so they …

Read more Comments

2

Car leasing is a method when you can have the use of a vehicle by financing it. Leasing, typically, differs from buying and the consumer never actually owns the vehicle, but uses it over a set period of time. The length of car leasing contracts can be 12 months, and can last up to 24 months or 36 months. The person who leases the vehicle is making monthly payments to the owner or the dealership. Car leasing may often be cheaper than car loan repayments. However, the person who leases the vehicle should remember that at the end of the lease the customer will not have over a set …

Read more Comments

0

Car industry is one of the industries that are hit a lot by scams. It seems like a new scam is 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 car 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 …

Read more Comments

7

The dealership can be an overwhelming place for most of the car buyers. Some of the customers rely on the car dealer to get the best deal for their car. However, relying on the dealer to help you with the terms of your contract is a bad approach to purchasing a vehicle; because you will probably pay much more than necessary simply because you don’t understand what is being said. Here are a few of the most common dealer tricks used to make more profits from unsuspecting consumers: Leasing over Purchasing a Vehicle Car dealers will tell you that leasing is a better deal than purchasing, and will promise …

Read more Comments

0

There is nothing worse for a consumer than falling for an auto sales scam. The purchase of the vehicle is one of the most important purchases and if you fall for the scams of a car dealer you can loose a lot of money. However with a little bit of information you can avoid auto sales scams. Following are 5 important tips you can use to avoid auto dealer fraud. 1. Always go into a dealership with a strong understanding of how much you can afford for monthly payments. Remember, that a car dealer wants to sell you a car and make a profit and will often try to …

Read more Comments

0

When you are shopping for a new or used car you want to get the best deal and best value that is possible. It is important that you know how to avoid car dealer fraud and dealership scams to get the best deal. Following are a few tips on how to avoid car dealer fraud, you which will help you to negotiate a better deal from the sales staff. Do Some Research The best thing to do before buying is doing some research on the make and model that you are most interested in. Try to find out as much as you can about your car you intend to …

Read more Comments

3

Sometimes we come across ads by dealerships promising Zero Down, Zero Percent Financing and No Payments for six months on new car purchases and car dealers spend millions of dollars on this each year. At first this sounds like a good deal. However, you should know that this is simply a scam.  Approximately 10% of those that apply for zero percent interest car loans actually get approved. The reason is the law credit score. Eventually, when you get approved for the zero interest auto loan it turns out to be a very short term loan (24 to 36 months). Your monthly payments in this case will be really high. …

Read more Comments

1