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Buying Used Cars
which used car to buy
Some extended warranties dont cover the larger problems, but just the smaller ones. Now lets look at some of the extras that dealers get you on at closing. Its bad enough that they will throw them up at you but look at this table to show how much they are really ripping you off by. Dont try to pull one over on the dealer by lying about the condition of your trade in vehicle. If you dont learn anything else from this book you will learn how to walk away from the deal with both sides being satisfied.
advice on buying a used car
Watch out for deductibles because you dont want to get stuck paying for deductibles that you thought were covered by the warranty. This scam is easy to avoid. 7. The Forced Warranty Scam This is when the finance manager tells you that you are not eligible for the loan by the bank unless you pay an extra 00 for a 2-3 year extended warranty. You should know the manufacturers cost and the dealers cost. The additional dealer markup is nothing more than requiring more money for no real reason.
Buying a new car is just like buying anything else on the market.
Salesmen are trained not to take no for an answer, and many word games and phrases come into play in order for them to get you to close the deal.
Advertisers and marketers are there to mess with your head so that they can make you buy things. Some of the best words and phrases that make a consumer buy products are amazingly well worded, while others are not.
Think about it - when marketers use carefully written strategies, you can often think that you are getting a deal, when in actuality you could be paying more.
Sometimes a marketer will offer a 50% off deal on a piece of merchandise, but in actuality the price of the object has been increased in the first place.
If a company marks up the price by 52%, and sells it for 50% off of that price, you are actually paying 2% more for the item than it originally cost.
This is a very common way for car dealerships to work. 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. Basically while a dealership may offer great trade in prices, they will get you with the other fees.
Dealerships have many ways to scam a buyer, lets look at the top 10 scams that dealerships pull on you.