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You want to avoid car dealer scams because they can cost you a lot of money. The dealer is looking to make money at all cost and it is important that you do not get scammed by them and you need to be aware of the deceptive tricks that they use. Every day on car lots the dealer can scam people because they figure they can get a way with it and that the consumer does not have the knowledge to catch there scams.
These dealers are concerned with there bottom line and they usually are not looking for your best interest. Always be cautious when they are trying to sell you upgrades because most of the time they are over prices or not needed items. They may have a long list of items they tell you to get but in most cases they are all over prices and non needed.
Do not take them up on any loan guarantee offer, there will be big penalties to pay to the dealer if you can not pay your loan, also your credit score will suffer.
Also they love to get you into the trap of affordable payment, does not matter how much the car's cost is and how many fees they add, so long as you can make a certain monthly payment, this is just a way to confuse you on what you are actually paying over the entire loan. they love to add these fees into what they call dealer prep cost, oh you can pay an extra $1,800, you already have agreed to $28,000. It is important that this charge be negotiated and that you know what the price is before you sign anything.
Only you decide whether a extended warranty is for you or not. Also be careful about the APR game, they call you the next day and say that you were not approved, but they have another lender that will approve you, but they don't tell you the rate has just gone up. It is a good idea to have your financing in place ahead of time.
You are in charge here and if you make plans ahead of time and do not let them bully you, you will come out a winner.
Author Source: Bryan Burbank
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