Dealer Fraud : What You Need To Know!

Nowadays everybody can become a dealer fraud victim when purchasing a car. People need to know the scams when buying a used car. Most dishonest car dealers try and trick you into paying more for your car. The main reason for this is that most car buyers are not prepared to deal with the car dealer and are not aware of frequently used dealer tricks and tactics.

 Consumers just want an honest deal when purchasing or caring for their cars. Most common dealer fraud to know:

•  auto dealer scams,
• insurance fraud,
• car repair rip-offs,
• salvaged vehicles,
• frame damage,
• odometer rollback,
• curb stoning and car title loans 

To get the best possible deal on a new or used car, knowledge is always power in these cases. Some advices to car buyers:

To fool an informed consumer is harder than to fool the uninformed one. Before you go into a dealership, gather all of the pricing information on the cars you’re interested in. It will help you to know what the payments should be.

One of the most common car dealer scams is “Low Balling”. Car salesman will try to convince the buyer that they have the lowest price for the car. This way they can start negotiations and get you to focus on the payment rather than the price.  

You have probably seen this kind of ads during big sales: “Trade payoff”. The dealer promises that they will pay off your trade no matter how much you owe. In fact, they pay off your trade-in and add the outstanding balance on your existing car.  The truth is, this is just another good opportunity for your car dealer to trick you into financing, which will be more profitable for them.