Friday, September 27, 2013

21 Scams Used By Devious Car Dealers — And How To Avoid Them....Here is my finance lesson of the day for students.

When I bought my first car(s) on my own I made a TON of mistakes that cost me dearly.  If you are young person and don't have someone with experience to help you, my first recommendation is to find someone who can.  It can be treacherous!

Absent that this article has some very good advice. Probably the best tidbits are the ones that suggest you "unbundle" and treat separately all parts of the transaction, i.e. car price, interest rate, trade-in allowance and other extras you might consider.  

It is a REALLY difficult thing to do and the car dealer will resist you every step of the way.  They are not your friend. Be very deliberate in negotiating each transaction and be prepared to walk away. There is always another car to fall in love with at a place that will accommodate you.  

It is worth the time to go through these items and save your hard earned money. 

21 Scams Used By Devious Car Dealers — And How To Avoid Them

Read more: http://www.businessinsider.com/how-to-avoid-21-car-dealer-scams-tricks-2013-9?op=1#ixzz2g5MBnBS0
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