May 18 2009
Buyer Beware: Spot Delivery
The “spot delivery” is a dealer trick used to get you to take delivery of a vehicle immediately after you agree on a car deal. However you should know that even though you pay down payment and drove away from the dealership with a new vehicle doesn’t mean you’ll get to keep it. Dealers know that most car buyers are in a hurry to sign the paperwork and to leave in their new vehicle.
The scam happens when you allow the dealership to handle the financing. You first sign some paperwork which the finance manager should try to get approved with the bank. If he can’t get the deal put together with the bank whose paperwork you signed, he then has to go to another bank. The finance manager will probably call you to let you know you have to sign new documents. Moreover, at the dealership the buyer will be informed that he/she has to return the vehicle or sign a deal at a very high interest rate per year.
Often, the people with low credit or low income become victims of spot delivery schemes. The best way to avoid this car dealer scam is to be informed and not let the dealer rip you off. If you believe that your car dealer tried to scam you contact an experienced dealer fraud attorney.
