Avoiding Common Car Dealership Scams

Majority of car dealers have honest and sincere motivations in their auto business, but there are still a few out there who have the opposite. Falling prey to the scams of these fraudulent people can cost you big money. Therefore, you have to be an informed consumer. One way to do this is to be aware of the common auto dealership scams that take place in today’s market.

Vehicle Identification Number (VIN) Etching

Some car dealers would talk to you about etching your car’s VIN onto the window as a security measure. To convince you to accept the offer, these car dealers would offer tempting discounts. You should know, though, that this can be done by any auto mechanic for a much lower price. You can also do it yourself with the help of an etching kit.

Yo-Yo Financing Scams

In this case, sham dealers would tell you to bring the car home while they arrange your financing. Then a few days later, they would call to inform you that they are having trouble with the funds and ask if you would rather take care of the financing yourself, which, of course, has a higher interest rate. To avoid this, settle your car loan arrangement first before you step foot into any dealer’s lot.

Extended Warranty Plan

Wise car buyers only buy Indianapolis cars with substantial warranties. However, there are some auto dealerships that will try to sell you extended warranty plans and contract deals. Others may even tell you it’s a requirement for the approval of your car loan. Remember that you don’t need the extended coverage because most cars already come with the manufacturer’s warranty.

Prepare your Fees and Market Adjustments

It is not difficult to find Indianapolis cars for sale. The trick is to find one you can get for the right price. Some dealers would pad their prices for additional revenue. To avoid falling for these expenses, arm yourself with sales data on new models. Stay away from those who are asking you to pay more.

Whether you are buying a used car or a new one, it is important to be cautious of these car sales scams. Only buy from dealers of Indianapolis cars who have gained the confidence of many.