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They may offer a 00 cash back deal on your trade-in while the other fees and interest rates will be higher than you may want. If you come back tomorrow I cant guarantee that the deal will be the same. Many people dont even realize that they purchased the extras until its too late. The Bounced Check Scam This is when you walk into a dealership with a bank draft and the dealership charges that they cant accept your draft because your bank bounces checks often so they now refuse checks from that bank.


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The dealership will also give you far less then the car is worth on the trade off. com, the program does all the calculation for you. Dont buy into it. Some extended warranties dont cover the larger problems, but just the smaller ones.

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Most Common Extras at Closing

Description Your price Dealers costs
Rust proofing 0
Extended warranty 00 0
Scotch guard 0
Car alarm 0 0
Paint sealant 0
Credit/insurance costs 0
Detailing and pin striping 9
Total of extras 99 5
Extra monthly payment total How to Avoid Car Refinance Scams

Purchasing a new car from the dealership leaves you open to dealership scams, but what about when you need to refinance your car loan?
Many of the scams are the same as you will encounter when buying a car.

Here are the best tips for avoiding any of the refinance scams that dealerships force you through.

Get your own credit score and bring it with you to the dealership

Dont pay a cash deposit for your financing loan because if the deal goes bad, you cant get your deposit back

Dont apply for a car loan until you have been employed for at least 6 months if you are a recent college graduate

Apply for your loan online so you can avoid getting ripped off

Learn to fix your credit before you apply for a loan. Get your credit score to at least 680 first.


Pay off your credit card debts before you look for a new car
If you have recently moved wait 6 months before applying for a loan. You addresses are always verified. If you move a lot, they will not trust that they can keep track of your whereabouts should you make late payments etc.

Having been approved for a loan in the past helps

Dont get a co-signer for your loan because often times you will find that the deal is solely in the other persons name


As you can see, these extras will get you in the end. If you can, you should avoid them all together. They are worth far more to the dealer than they are to you.

By now, you should know all of the things that you need to know in order to buy your new car with the least amount of burden, and you have learned to avoid the common scams pulled by dealerships. This is the only guide that you will ever need when you get ready to buy a car.

Youve learned:
The various tricks
Advertising tricks and misleading marketing
How to get the best price
How to negotiate your opening offer
How to negotiate
How to calculate your opening offer
What the difference is between the factory invoice and MSRP sticker

If you have read this all the way through, then you need not worry. All of the advice listed here will save you a great deal of time and money.

You are now fully prepared to get your new car.

So what are you waiting for? Go shopping!