SolveYourProblem
eLearning Series: Buying A Car
How Do I Buy a Car
Without Getting Ripped Off?
( 17 pages )
How
To Close On Buying a Car
Without the Extra Costs
So
many people get ripped off after they have already closed
the deal. They get you on the extras and the warranties
at that point.
The
extras are things like rust proofing, scotch guarding etc.
It seems pretty straight forward but you would be surprised
at how many people get taken on these.
The
trickiest closing cost scam is the extended warranty because
the language used is so confusing. This is not the warranty
that the factory gives you for the car.
It
is a warranty that covers the cost of fixing the car should
it break down on you. To get around this, you have to know
the dealer’s language.
Extended warranties often do cover any repairs that you require
during your coverage period, but there is often some information
that you are not told about.
For
example, the extended warranty is usually effective only
up to a certain amount of mileage or term period; whichever
happens first.
They
might also only cover certain types of problems. If your
extended warranty doesn’t cover every part of your car,
why bother?
Some extended warranties don’t cover the larger problems,
but just the smaller ones. If your engine conks out, you
may be left in the lurch.
You
shouldn’t even consider buying an extended warranty if
you are only leasing the car for a small time period like
36 months. Perhaps it is better only for longer periods
of leasing like 60 months.
Many extended warranties don’t cover everyday wear
and tear policies, only breakdown problems. If you
do insist on getting an extended warranty, get one that covers
both instances.
You
will only really want to get a warranty on a more dependable
car like a Lexus, Honda, or Toyota because extended warranties
rarely cover the costs incurred in cars that are present
at the time of purchase.
You will also want to get a warranty that is effective immediately.
You will also want to get a warranty with a well established
finance company and not one that go belly up in a year.
Don’t purchase an extended warranty directly from the dealer.
Instead look at sites on http://www.LendingTree.com for an
online warranty because being online gives you all the time
to asses your warranty properly.
Watch
out for deductibles because you don’t want to get stuck
paying for deductibles that you thought were covered by
the warranty.
Now let’s look at some of the extras that dealers get you
on at closing. This can be very irritating how they
try to weasel even more money out of you in the end on stuff
that you really don’t need at all.
Of course, when you hear it, they will all sound dire. It’s
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.
 
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