It is horrible to be quoted one price and then charged a lot more for a vehicle.
Not only does it ruin your trust in the dealership, but it also rips hard-earned money from your hands. Unfortunately, there are many shady dealerships and scams that will overcharge without worrying about how this affects customers. By familiarizing yourself with the telltale signs of fraud, you’ll be able to ensure that you’re paying a fair price for an automobile.
Here are some of the top auto-related scams:
- Low credit score scams. Do you have a low credit score? If so, beware of a traditional dealer’s finance department, which may try to take advantage through artificially hiked interest rates or monthly payments. Fortunately, you can go through the three main credit agencies to learn your credit score before shopping for a vehicle. The primary agencies are Experian, Equifax, and TransUnion. Then, work with a dealership that specializes in working with people who have blemished credit histories.
- One-day only sale. Unless otherwise advertised, anytime a dealer or salesperson claims a price is only good for that day, you should be wary of the offer on the table. While there are some instances where this might be true, such as rebates, you shouldn’t believe prices are only good for a day. More than likely, the sales person doesn’t want you to research and discover that you’re about to overpay for a vehicle.
- Spot delivery scams. Be sure to have financing figured out before you take the car home. In a spot delivery scam, the dealer tells you to take the car home, only to follow-up with a phone call later announcing that they couldn’t secure the financing you wanted. Now, you either have to pay a larger down payment or increase the monthly payment. Most buyers are pressured into keeping the vehicle once it’s in their possession.
Fortunately, DriveTime operates in a much more ethical business manner. The price you see is the price you pay at DriveTime, with no “adjustments” or additions. Compare this to traditional dealerships where pricing “adjustments,” flurries of paper work, and dishonest deals can suddenly jack up the price of a car.
With no-haggle prices, you know that you’re getting the best available deal. You can even research the prices online to ensure that you’re not being overcharged for a vehicle!
By browsing vehicles online, you’ll know what price to expect to pay before you even step foot onto a DriveTime lot. Since each car is backed with an AutoCheck History Report and a multi-point inspection, you can rest assured that you’re getting a quality vehicle at the most competitive price available.
Our finance department is committed to working with you to help find the best deal. It takes only a few seconds to get approved and learn about the options available. With DriveTime, there’s no hassle, stress, or any of the headaches that accompany a visit to a traditional dealership. Since we’re transparent about the way we do business, you know that you’re getting the best deal possible.
Contact DriveTime today to learn more about the best prices in the market today.