Article Advise

submitted: May 1st 2008 | by: RobertoBeiro | Total views: 3 | Word Count: 443 | |

As it is already challenging purchasing a new car, you really don't want the added pressure that some car dealer's can put on you. It is normal to haggle with a dealer to lower their price, but don't get caught out by scams designed to con you out of your hard earned dollars. Below I have listed some of these scams for you watch out for next time you are in the market for a new vehicle.

1. Some dealerships may try to scam you by charging you for having the VIN# etched on the windows, saying that it is a requirement by the loan compnay. It is not. Lenders will never ask you to add features you don't need. Their main concern is your ability to repay the loan.

2. This is a scam for those with poor credit. The are dealership that may quote the "subject to loan approval" phrase found in many loan proposals as a way to get as much as an extra $1000 and $50 per month out of you. A way to avoid this is to get you funding from a bank or other lender.

3. One of the most common scams is the credit score scam. The car dealership will try to give you a higher finance rate by informing you that your credit score is lower than it actually is. Dealerships will try this scam regardless of you credit score. The best way to deal with this greediness is to bring a copy of your credit report with you when you go looking to buy a new car. That way there is no dispute.

4. The warranty scam is one that involves the dealer selling you a $2000, 3 year warranty, saying that you need oit to qualify for financing. NOT TRUE. A car warranty is optional and hs no influence of getting a loan.

5. This is the Dealer prep scam. A dealer will slap an additional $500 charge on the vehicle for work that is not required, because cars are ready to to be driven of the lot when they are received. Try to find a dealership that doesn't charge this ridiculous fee.

6. The 'dealer mark -up fee' is another scam. This fee does nothing but boost the dealers profit margin. Greed is the purpose of this fee, plain and simple.

As common as these scams are, there are also quite a few reputable dealerships out there. Dealerships that will give you a good service and sell you a car at a fair price. You just have to look carefully for them.

About the Author

Roberto Beiro has collected together many other great car articles on his website. He is also the author of many interesting articles like tips on buying a used car.

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