| You are constantly bombarded by | | | | rates just increased by a large percentage. What |
| advertisements who offer great deals. O% APR, | | | | can you do if this happens? Specialists |
| no down payments, and other exciting and thrilling | | | | recommend you go get financing in another place |
| offers are too good to be true. So how do you | | | | like a bank, credit union or other financiers. Then |
| know whether or not can you trust what you are | | | | you can take a check from the bank to cover |
| being told? What do you do if you get scammed | | | | the cost of the car without paying their sky high |
| by a car dealership? There are many ways to tell | | | | interest rates. |
| whether or not you are making the best choice. | | | | Another scam that frequently occurs is when you |
| If you happen to have bad credit or a low credit | | | | trade in your old car that you still are making |
| score, car dealers are just waiting to trick you | | | | payments for. Car dealerships will promise to pay |
| into purchasing a car from them. They may claim | | | | off your old debt for you. But, most of the time |
| that because of your credit score, you will have | | | | they do not complete with their end of the |
| to pay a lot larger interest rate than is really | | | | bargain you have already given them your car. |
| necessary. They may also add on lots of extra | | | | That leaves you with two car payments to pay |
| fees that apply only to you just because of your | | | | off and only one car to show for it. How can you |
| credit score. Always make sure that before you | | | | avoid this happening to you? Make sure that |
| even start looking for a car, that you are | | | | before signing any paperwork, you ask the dealer |
| eduacated about your own credit score. You | | | | to put these terms in writing. If they are not |
| should never trust a stranger to tell you personal | | | | willing to do that, than you know that it is a scam |
| information about your credit history. It is your | | | | and they will not keep their word. |
| personal duty to find out all the details so that if | | | | One other scam is when you are being forced to |
| they try to lie to you, you will be able to call their | | | | purchase a warranty that may not be necessary. |
| bluff. | | | | A lot of times, car finance managers will tell you |
| One of the most frequent scams that are | | | | that if you do not purchase the warranty, your |
| performed is when they claim that you have not | | | | loan will be rejected. This is not true. They are |
| been approved for a low APR later on. When you | | | | usually just trying to add on extra fees. Once |
| purchase the car, they will offer you a low APR, | | | | again, its recommended that you request that |
| hand you the keys and wish you the best. About | | | | they put it all in writing. If they are not willing to |
| two weeks or so later, the finance manager from | | | | do that for you, then you should not be willing to |
| the car dealership calls you to inform you that | | | | purchase the warranty. |
| you were not approved for the low APR and the | | | | |