Sep 09 2008
The Scam: “Unhorsing”
You are offered the opportunity to take the car you are thinking about buying home for a night or the weekend. All you have to do is leave your current car with the dealer as “security” or so it can be “evaluated” for its trade-in worth. When you return to the dealership you discover that “whoops“, your old car has already be taken in as a trade-in and sold. Now you have no choice but to buy that new car because you have nothing else to drive.
Avoiding the Scam
The easiest way is to avoid leaving your car. If they insist that you leave you car then pass on the opportunity to keep the car for a trial and walk out the door. A legitimate dealership doesn’t need your old car as security, and you don’t need to work with an illegitimate one.
