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The Weve Got it scam: This happens when you call a dealership asking for a specific car make, model and color and are told that they have it. Some dealerships refuse to haggle over the cost of a car. If you dont learn anything else from this book you will learn how to walk away from the deal with both sides being satisfied.
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You do not want to set yourself up as a monthly payment buyer either because that is a guaranteed way for you to get a higher payment fee. In order to make a fair offer to a dealership, you need to learn to read a factorys invoice. This scam also applies to the dealership forcing you to pay life insurance or extended warranties due to bad credit.
Whenever you are considering getting a new car, you should be sure to bring all of the information that will help you to get the best deal you can.
This will all be included in your folder. Here is a list of all of the information that you will want to include in your folder.
A copy of your credit report from www.Truecredit.com
New car purchase prices for the cars that you are considering from www.autousa.com
Accurate pricing data, rebates, tips and incentive from www.FightingChance.com
Credit pre-approval in writing from www.e-loan.com
Insurance quote that cover the coverage that you want on your loan
Used car blue book that has used car information and market values
Extended warranty quotes from www.warrantydirect.com
Current loan rates that are in your local paper
Bringing all this information with you will literally cut the legs out from under the dealer. It shows that you are one step above the various scams that you will encounter.