SolveYourProblem
eLearning Series: Buying A Car
How Do I Buy a Car
Without Getting Ripped Off?
( 17 pages )
Top 10 Car Dealership
Scams
8.
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.
When
you see the car it has a sticker on it that says “as is”
on it and no warranty is included with your purchase.
This
is the dealer’s way of telling you that you can’t bring
the car back, you are assuming all risks for the car, and
that it is not under warranty.
To
avoid this scam, don’t buy a car without a warranty or
one that says “as is” on it. By doing this, you might as
well buy a car from a stranger on the street with the same
deal.
9.
The Bounced Check Scam
This
is when you walk into a dealership with a bank draft and
the dealership charges that they can’t accept your draft
because your bank bounces checks often so they now refuse
checks from that bank.
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.
You
can avoid this scam first by getting your drafts from
Capital One Auto Finance.
Then
let the finance manager know that you are aware of the
scam that they are pulling and that Capital One Auto Finance
is in the business of giving loans so the checks don’t
bounce.
10. The Forced Credit Application
If
you are hoping to pay for a car outright or in cash with
a bank draft or check that is what you should do. Some
dealerships will not let you.
You
will hear one of these lines so that they can try and get
you into paying monthly terms for more money.
“State
laws require that you must fill out a credit application
before I can sell you this car.”
“Everyone
that buys a car from us fills out a credit application
first.”
“It’s
the company’s policy”.
If
you hear any of these lies, then know what’s going on.
When you are paying cash why would you think that you need
to fill out a credit application?
It
doesn’t make sense. No state will force you to apply for
credit when paying cash.
Would
you have to fill out a credit report if you want to buy
a sofa or groceries while paying cash? See how silly this
is. To avoid this scam, just laugh in their faces.
 
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