The Top 10 Dealership Scams Part 1Car Dealers have numerous ways to scam a potential buyer. Let's examine a few of them so you know what to look out for when making your next car purchase: 1. The VIN# window etching scam Some dealers might tell you that the etching is free but will add on the etch money to your monthly payments to make up for it. The best way to avoid this scam is to force the dealer to put it in writing if they say that the etching is free or simply etch the car yourself. You can get an etch-it-yourself kit from http://www.CarEtch.com for $30 or just don’t buy the car. Remember a lender doesn’t require that you purchase any extras on a car. All the lender cares about is that you can make your payments on time regularly. Don’t buy into it. 2. The Financing Scam Basically you trade in your old car and the finance manager tells you that your interest rate is good and then gives you the car. After a week or two passes you get the call from him that you didn’t qualify for the interest rates that they gave you upon making the deal. Every new purchase has a clause in the contract that usually states that the deal is “subject to loan approval.” This gives the finance manager a loop hole in getting more money out of you. All that this means in the contract is that the deal is not finished yet even you already have possession of the car and have signed the contract. The dealer can then charge you $1000 more in finance fees and up your monthly payments by $50. This scam is generally pulled on people with bad credit because it is more plausible. If you are wondering why they would sell you the car at 6% APR if they knew you had bad credit (remember they ran the credit search already) the answer is simple; to sell the car. You can avoid this scam by not financing the car with the dealer if you know that you have bad credit. You are better off going to a credit union and financing the car yourself. When you buy a new car the deal should be made on the price of the car, not on the monthly payments. Mia LaCron is the founder of How-To-Buy-A-Car.info - http://www.how-to-buy-a-car.info - devoted to helping individuals buy the right car for them at the absoulute best possible prices. Resources: Däck Property In Dubai Home Ownership Germany Michigan Automobile Insurance Babydyne Related articles: Making Our Roads Safer Ford Moves Aggressively for Mainstream Navigation System Stuck In The Mud Negotiating Tips to Use When Buying a New Car Part 1 Auto Detailing Testimonials
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