There are many things that you don’t want to see a dealership do to you when buying a car, but there are some things that you should be careful not to do as well – that’s if you don’t want to alienate the car dealer!
Heard of the “See no evil – Hear no evil – Speak no evil” phrase? That’s quite similar to the warning connotation of the “Never Do” phrase in buying anything, let alone buying a car!
Although there are many, the following is a list of the most famous “don’ts” that you should abide by if you are really looking to get a good deal.
* Don’t try to pull one over on the car dealer by lying about the condition of your trade-in vehicle. It is just a lie that you can’t get away with, and could cause many cost increases later.
* Don’t bother looking into buying a new car if you have had a recent bankruptcy because you will not get approved anyway.
* Don’t give the car dealership a deposit and then try to take it back for no reason, because you should have researched the car before making the purchase. You can – and mostly will – lose money on the return.
* Don’t bother lying about your debt load and credit rating because the car dealer will check it anyway.
* Don’t offer any money for a new car unless you already know the car dealer’s cost. If you do, then you’re basically setting yourself up to get ripped off!
Apart from the “Never Do’s”, there are several common car salesmen’s jargon that constitute the word games. You need to know them so you don’t get fooled. So learn these mistakes and get yourself acquainted with these auto-buying tips!
Car salesmen are trained not to take no for an answer, and many word games and phrases come into play for them to get you to buy the new car.
Think about it – when marketers use carefully written strategies, you can often think that you are getting a deal, when in actuality, you could be paying more.
If a company marks up the car’s price by 52, and sells it for 50% off that price, you are paying 2% more for the item than it originally cost.
This is a very common way for car dealerships to work. They may offer a $3000 cash back deal on your car trade-in, while the other fees and interest rates will be higher than you may want. Basically, while a car dealership may offer great trade-in prices, it will hit you with other fees.
Beware, as auto dealerships have many ways to scam a buyer, so you better learn their language when buying a new car and watch out for the many warnings accompanying the deal.