Not all car dealerships are out to scam you, let’s be clear about that. All the negative things you hear are deserved by a handful of dealerships who rely on deception or other means to seal a deal. There are thousands of honest car dealerships that offer great service. But even so, people should still be mindful of scams. So here are some car dealership scams and how to avoid them.
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Image source: hotcars.com
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Lying about credit scores is one of the biggest scams in the business. Operators will lie about your current credit score and give you a much higher interest when it comes to the monthly computation. An unchecked credit score could have you paying for the same price as a brand new car.
False advertisement is also a scam that’s difficult to catch. It’s difficult because you can only find out once you are lured into their showroom or their garage. Some false advertisement claims include hefty rebates. What happens is the price they give you includes the rebate.
Another vicious scam is the “we’ll pay your loan” scam wherein dealers will promise to pay for some of your loans for a few months so that you will be able to purchase the car. However, a few months after getting the car, the bank will notify you that no dealership has paid for any of your loans.
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Jeffrey W. Lupient is a native of Minnesota. He started his career in the automotive retail industry when he began working multiple jobs in his family’s chain of dealerships at the age of 15. For more articles on automobile dealerships, visit this website.
