Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Avoiding Used Car Fraud and other Used Car topics.
Auto dealer scams are a big concern for many potential car buyers. It is probably wise to be cautious, but remember there are honest auto dealers out there. Wondering how you can tell the difference? Here are some scams you might encounter and tips you can use to avoid used car fraud..
Buyers are led to believe they can only get a car at a high interest rate.
How to avoid this scam: Know your credit score and what kind of rate you can get before you begin shopping. When it comes to avoiding auto dealer scams, knowledge is power.
Buyers Often Ask the Wrong Questions.
When approaching the auto dealer, buyers usually have some idea of how much they can afford for their monthly payment. Unfortunately, their focus is limited to this number and dealers know it. Unscrupulous dealers use this to scam buyers. Avoid the numbers scam by: