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Buying Used Cars
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Now, if you add the 5% for your offer to that price, which will up the car price to ,379 due to the addition of 5 for the destination charge that is always present, you will see that based on the offer that the dealership offered, you just saved yourself 10. Thats just stupid. State laws require that you must fill out a credit application before I can sell you this car. Deposit scam: This is when the finance manager insists on a deposit before you have signed the purchase contract. So many people get ripped off after they have already closed the deal. They can claim a typographical error or that the deal was a week ago.
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Of course, this leaves the table open for them to get the extra money they want by offering to sell you a car at a higher interest rate. The Financing Scam I have mentioned this before already, but here it is in more detail. It doesnt make sense. So what are you waiting for? Some extended warranties dont cover the larger problems, but just the smaller ones. The Used Car Sold As Is Scam This is when a dealership will sell you a car that has been in a car wreck, but they will tell you that the car has been completely refurbished.
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.