Find the Best !

Buyer Beware

Purchasing a car is probably the second highest priced item you will buy besides a home. It is important to make sure your investment is protected, but you are ultimately the person that gets to make this decision, not the dealer or the bank. Be on the lookout for a pressured sale related to warranties. While some warranty extensions are valid, it is not OK for the dealer will tell you that you are required to purchase an extended warranty, saying it is one of the loan conditions of the bank. This is simply not true. If a salesman tells you that the loan will not go through unless you buy this item or any other item for that matter, then red flags should be popping up for you. Loan approval is based on the value of the auto, employment earnings, and credit scores only.

Don’t be afraid to call a dealer out on this type of pressure deal. At this point in negotiations, it’s likely the dealer will change his story. If he persists in including the extended warranty, don’t do business with this dealer. Thank him for his time and walk away and be grateful the dealer showed his true colors. Remember, there are plenty of other places to shop for a new or used vehicle that won’t pull a fast one.
Car dealers get a bad reputation as opportunistic predators waiting for an unsuspecting customer to come along. Many people believe auto dealerships are always out to take advantage of unknowledgeable or unsuspecting consumers. This may partly true, but certainly some dealers would argue that they want return business and would not cheat a customer just to get extra profit. The old adage, buyer beware is something always keep in mind as a consumer.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment