Fast Cars Gear

Archive for August 22nd, 2009

Your Best Car Deal – Avoiding Dealer Scams

Obviously not all car dealers are dishonest and unethical. However all car dealers are in business to make money.The way they do that is simple.They use every pyschological trick to take as much out of your wallet as possible.

Let us count the ways :

The Credit Score Scam:

You come in to buy a car without a recent credit report.bad dog!/stupid dog! Because now your friendly

helpful dealer gets to run your credit rating. And guess what he finds? Awtoo bad..your credit score is

too low. Butbecause he/she/ithey this could be San Francisco!is friendly and helpful.there is a solution!…….its..

The Interest Rate Bump Scam:

Enter the dealerships friendly financing counselor whoeven with your terrible credit scoresomehow manages to get you the cash you need for your dreammobilefor only 8. What the friendly counselor doesnt tell you is the real rate. 6. Guess into which pocket the other 2 goes?

The Subject to Financing Scam:

Imagining that somehow youve got the deal of a lifetimeyou glide home in your shinynew dreammobile. A week or so passes. Then you get a call from

your friendlyhelpful dealer with some bad news.

Your loan didnt go through. But not to worry because ever helpful and friendlynot to mention

resourceful dealerhas managedeven with your terrible credit to get you new loan with a lower monthly payment! What you dont learnuntil you arrive to sign on the dotted lineis that the rate of the loanlike politicians promises has increased.

The Trade In Scam: one of mmmmmmmany

Some weeks after trading in your old pile o junk for your brand new dreammobileyou get a call from the bank. They want to know why you didnt make your last

payment on pile o junk. You explain that you traded inand that your friendlyhelpful car dealer is responsible for those payments. When the bank asks if youve got that in writing then you realize that your

pals at friendly and helpful must have just forgotten to make the payments. And guess what direction your credit rating heads now?

The Dealer Prep Scam:

After scoring the deal of a lifetimewith everything signed and sealed you suddenly get hit for an extra

600 or so. For what? You rightly ask. Whyfor the

folks at friendly n helpful to prepare your dreammobile for delivery of course! Such as the state of their artthey are able to say this with a straight facetheir tone implying that you are a few bricks short of a full load. Even though the manufacturers

sticker on the windshield states that suggested retail price includes predelivery service!

These are just a few of the tools of the car jockeys

trade. For you to get the dreammobile you want at the price you want you need to understand and accept that

You will never I repeatNEVER out bargain friendly

helpful car sales shark. These people are professionals.They do it day in day out on youll pardon the pun autopilot. You may think youre smarter than the average bear. And you may well be. But

attempting to outdance a sales professional is financial suicide.

Knowledge is indeed power. So know your credit score.

Have your credit report in your pocket. Have your financing arranged BEFORE you pass the portals of friendly n helpful motors. Negotiate from strength.

Call them on their b.s. And dont hesitate to walk if

The deal isnt right. Take your cue from that old country song The Gambler Youve got to know when to fold.

Good luck!

COPYRIGHT 2009 LAWRENCE COLLINS. ALL RIGHTS RESERVED.

If youd like an ex car salesman to give you more inside tips on how to get the deal you want on YOUR TERMS go to:

lt;a target=_newrel=no follow href=http://www.yourbestcardeal.info/gt;http://www.yourbestcardeal.info/lt;/agt;

About the writer:nbsp;nbsp;Lawrence Collins is a marketing consultant with a particular interest in consumer protection.