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