A Little Known Scam Car Dealers Like To Pull Off!

Think quickly …which would you rather buy: 6 cans of corn at a quarter a piece, or those same cans during a 3 for a $1 deal? Wow … 6 cans for two bucks! Sound good? Well, it’s not because you were just duped into wasting 50¢! The real truth is: advertisers rely on your brain to trick you so they never really have to lie to you to get what they want, which is your money!

And guess what … the grocers aren’t the only ones paying for this deception: most companies are doing it as well. Retailers do it, and so do the insurance agencies! The biggest practitioner of this super dishonest behavior, however, has to be the auto industry … or its car dealerships to better focus the attention. These guys pull no stops when it comes to taking your wallet on a ride, and making you truly feel guilty about you purchase mere days after you drive it off the lot! Let me explain how their word games work, of which it all is when it comes to these clowns …

First off, when the dealer ads say 1.9% APR, you better look for the “*” (because there will be one). Find its duplicate at the bottom of the ad and it will definitely say one or both of the following: “with approved credit only”, or “qualified buyers only”. This low APR will reel many people in, but what the ad won’t say is that you MUST have perfect credit to get that rate on your loan. Guess what else … most car buyers don’t (and the dealers know this). This is only one of the many tricks up their sleeve, so believe me when I say that there will be a bunch more …

For example, you have probably read, or heard, the following in a dealership’s ads, and thought it sounded great (don’t feel bad if you did, a lot of research went into their lies):

• “Get Out Of Your Current Lease, No Matter How Much You Still Owe! (read: we’ll make money off of that as well)”
• “We’ll Give You $5000 For Any Trade-In, even if you push it into our lot! (read: we’re going to get you in the end anyway)”
• “Don’t Make A $5000 Mistake! (read: let us do it for you)”
• “No Reasonable Offer Refused! (read: we dictate reasonable, not you)”.

In the ads above, car dealers are really not doing you any favors! They actually prefer that you use a trade in (believe this) so they can give you thousands below market value for it. Then, after they sell you an overpriced new car at full MSRP, they’ll going to resell your trade in for a much higher price (it’s like a cookie jar with holes on both ends). Here’s how this silly scam works: If you are upside down on your current car’s loan and you still owe, let’s say $10,000 for it, the dealer will “kindly” pay off your car loan, and then you’ll now owe that same $10,000 to the dealership/jerk off shop. This money will then get financed along with your new car purchase of say, $15,000. Now you are stuck financing TWO cars for $25,000! Did you know that? Probably not!

How did they get away with this, you ask? Well, your new car purchase payments are probably going to be spread out over a 60 or 72 month period so you aren’t going to notice what just happened, that’s how! Plus, the more months this “angel” adds to your new car loan, the lower the payments are going to be. In most cases, the payments are way less than your current auto loan, so you’ll think that you’re saving money, even though you just got shafted!

These scandalous ads are designed to make you think that trading in a car relieves you of your obligation to your responsibilities. It does not! This fact alone gets many car buyers into lots and lots of trouble. The victims of this scam are actually taking on almost double their current debt load, when they thought that they were dropping one debt for another and buying a new car free and clear. These scam artists lie in their ad to get your money, and they certainly aren’t doing you any favors … they’re actually piling more debt onto you. They kept you under their umbrella of debt, and you didn’t even take notice. It’s a very clever trick, but now you know better, right? Don’t ever let this happen again! Next time you hear those ads, rip them up! And when it’s time to get a new car, forget about offering your old one as a trade in (sell it to a poor college kid for way more money than you’ll ever get at a dealer)!

Remember the following, whenever you see another one of these ads. It’s what the dealer is really thinking about you and your trade-in offer:

“We’ll Get You Out Of Your Current Lease … and then roll what you owe on it, plus penalties, into your new car purchase, so that you can pay off two cars at once, and we win both ways!”