Dealer Scams Will Be Your Worst NightmareDealers use all sorts of tricks to get their customers to buy a car. Whether they mess with your financing or try to fool you on your car's trade in value, dealer's and their trickery will truly make your car buying experience a living nightmare. With our help, you'll be able to spot a scam through all the smoke and mirrors and be able to take advantage of some loop holes with their proposed "special offers". Here we will examine some of the more popular tricks dealers pull on their customers.
One very popular scam used by many traditional car dealers is know as "spotting". Many dealers will take advantage of clauses in the contractual agreements you sign, thus giving them the ability to make changes at will. With this scam in particular, the dealer makes a few "changes" on your loan agreement. Example: You buy a car and are given great loan terms for financing; let's say 60 months at 4.95% interest. You take the car, and about two weeks later, the dealer calls you saying that there was a "problem" with the lender and that you have to take a loan for 66 months at 9.95% in order to keep the car.Unfortunately, this happens to people very often, as they feel forced to keep the car. They've already gotten rid of their old car and have grown used to the new one. Don't let this happen to you. Check out our keys to financing and get your own secure auto loan. Jump from Dealer Scams back to the home page of Used Car Buying Guide
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