Jun 21 2009
How to Avoid Car Dealer Fraud
When you are shopping for a new or used car you want to get the best deal and best value that is possible. It is important that you know how to avoid car dealer fraud and dealership scams to get the best deal. Following are a few tips on how to avoid car dealer fraud, you which will help you to negotiate a better deal from the sales staff.
Do Some Research
The best thing to do before buying is doing some research on the make and model that you are most interested in. Try to find out as much as you can about your car you intend to buy, including:
Pricing - Shop around for the best price.
Cost of Ownership - Don’t end up buying a car that you can’t afford to drive. Check out the costs of Maintenance, Gas Mileage, Sales Tax, Depreciation, etc.
Don’t Buy Based on Monthly Payments
Always determine how much you can afford to pay each month, before entering the dealer’s lot. Car dealer will probably ask you this question the first. Also, do not let the dealer handle your financing. Dealers use financing process to scam you and make profit. Always try to have a pre-approved loan before you go into the dealership.
Know When to Walk Away
Sometimes you can avoid car dealer fraud by simply not making the deal. Remember, you can always find a better deal if you spend a little more time and will save on your car. So, if you think that the dealer is trying to scam you just politely excuse yourself and leave.
I bought a new car from a dealership 12 days ago. I traded in my old car (for 3800) and gave them a down payment of 2300. I was told that the car would arrive within the next two days. I have been told that my car would be ready two different times only to then be told that it isn’t here yet. I have a loaner car from the dealer but am begining to get worried about if they are going to deliver the car. Does this sound like a scam? What recourse do I have and how long do they have to deliver my car?
Give me a call if you have not received your car yet. There are a couple avenues we can take to get your money and trade-in back if the deal fails. Call me at 818.990.0418.