How To Avoid These 5 Car Dealership Scams
Below is a MRR and PLR article in category Vehicles -> subcategory Trucks-SUVS.
How to Avoid These 5 Common Car Dealership Scams
When purchasing your next car, be on the lookout for these common dealership scams to ensure you get the best deal possible.
1. VIN# Window Etching Scam
Some dealers may charge you $300-$900 for window VIN
etching, claiming it's required for loan approval. This is not true. Even if a dealer offers free etching, they might add the cost to your monthly payments. Always ask for any "free" offerings in writing and verify your monthly payments.
Tip: Consider purchasing a DIY etching kit online for about $30, or avoid this service entirely. Lenders do not require vehicle extras for loan approval; they only care about your ability to make payments on time.
2. The Financing Scam
After trading in your old car and signing a contract, the dealer may call you later claiming you didn’t qualify for the initially agreed interest rate, asking for more money.
Tip: Avoid financing through the dealer, especially if you have bad credit. Opt for a credit union or secure your financing independently. Make deals based on the car's total price, not just the monthly payment.
3. The Credit Score Scam
Dealers might claim your credit score is lower than it actually is to justify higher interest rates. This scam targets everyone.
Tip: Obtain your credit report from a reliable source like Equifax and bring it with you. If the dealer provides different information, consider taking your business elsewhere.
4. The Forced Warranty Scam
Some dealers may falsely claim a bank requires a $2,000 extended warranty for loan approval.
Tip: Request written proof that the warranty is necessary for the loan, mentioning you'll verify the claim with your local State Attorney’s office. This usually prompts them to drop the added cost.
5. The Dealer Preparation Scam
Dealers often charge an additional fee for so-called "dealer preparation," which includes basic tasks like removing seat covers or vacuuming. This is typically already covered by the factory.
Tip: Ask the dealership for a $500 credit to offset the preparation fee. If they refuse, decide whether to accept the charge or find another dealer willing to waive it.
By avoiding these five scams, you can confidently navigate your next car purchase and secure a better deal.
You can find the original non-AI version of this article here: How To Avoid These 5 Car Dealership Scams.
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