YOU LOSE !
Question: What do you think the percentage is of people who bought either a new or used vechicle who actually "got a good deal"?
The statistics vary so I will take an educated guess of .00001 %. Everyone who buys a car braggs about how good of a deal they made. I really doubt it. The small percentage who "think" they really got a good deal probably did better than most but they still "got taken".
The AUTO SALES business is where the biggest con the world has seen got it's start. This "con" started with auto sales and has been going on for years and years and the general public is still buying it. It's called a REBATE.
Baloney!!.
Question: Which of the two senarios below do you really beleive;
Senario #1 Lets say Ford Motors uses all it assets, all it's resources and all it's money to build a dandy $30,000 automobile. The product is finished and the big wigs are in a conference room and someone say's " Ok gents, we need to sell this car for $ $30,000 in order to make a profit. Tell you what. Lets dig into our own pocket, take out $3000. and give it to the consumer. We'll call it a REBATE. The consumers should like that". or....
Senario #2 Same senario same big wigs and same conference room: Guys, we need to sell a lot of cars and I think that If we raise the price of our car from $30,000 to $33,000 and then tell the consumer that they will get it back in the form of a REBATE. They should fall for that. Here's the best part. We wont even give them the $3,000.
Of course both senarios are over simplified but the truth is "THERE IS NO SUCH THING AS A REBATE". The rebate has invaded just about every aspect of advertising like a cancer. The Rebate is a "corporate fabrication". The "rebate" has had so much success and makes so much money for the offeror that a tremendous number of business's now offer rebates on a multitude of products.
Cell phone companies have rebates, computer comanies have rebates, clothing has rebates, furniture, appliances, travel agencies, television sets everything has a rebate. Even candy bars now have rebates. If that's not bad enough they figured out how to improve on the original rebate and now we have the "Mail in Rebate". THINK..you have a "mail in rebate" where the terms are that YOU send money to corporate with the hopes that they will send it back!! DUH! . Corporate even has different versions of the "rebate". How about the "IN-STORE" rebate or the "INSTANT" rebate. This is exactly what the "fast change artist does"
The rebate scam doesn't end with the manufacturer. When the consumer get to the dealership they have to figure out what the dealer is pulling when you have to decide if you want the 0 interest and 1/2 rebate, rebate assigned to dealer, rebate assigned to factory or rebate instead of 0 interest. Isn't the customer suppose to get the rebate? I have never met anyone who has gotten a rebate check at the dealership or received a rebate check in the mail.
Not only does the dealer flim flam and fast talk about the rebates, they have scams after scam to bewilder the vulnerable consumer. The consumer buys a vechicle about once every 2 to 3 years. The sales people and the finance folks practice their trickery 365 days a year , waiting for you to show up. Here you come walking in the door and they are ready, they truly are professionals and you are fresh meat.
Now they go into their fine tuned "pitch". You don't stand a chance. If the lie's they tell you about your credit (credit score scam) won't work on you they instantly change gears and keep hitting you . There's the (finance fell through scam), (straw purchase scam), (online check bounce scam). If they haven't beaten you down yet there's always the (fake vehicle escrow scam), (payoff scam),( dealer prep scam) and the (forced warranty scam). When it's all done, rest assured that (payment packing) is on it's way.
There are ton's of on line help for you to research before you go to the dealership. There's Cars direct, Full folder, Car buying tips, Invoice dealers, Yahoo!autos, and slews of others. You can spend hours on the net reading how to beat the car dealer. You won't.
Did you ever stop to think why are there so many "helpful" sites at your disposal when it comes to purchasing an auto? The reason is because the profession of selling of autos is as crooked, corrupt and deceptive as it can get.
The tricks never stop. From the moment you walk on their lot you are fresh meat. Take a test drive? Before you come back from you 5 or 10 minute test drive the entire sales force knows about your credit history. The dealership "pulled you credit history from the copy of your license they said they would have make a copy for insurance purposes. The "loan" you think you signed for is not a loan application but a "retail Installment agreement or retail sales agreement. There is a difference between the two. A retail sales agreement is NOT a loan application. The dealership is setting the stage so he can "shop the paper' , get the best rate for the dealership and stick the consumer with the highest rates they can. I can assure you that you are being "worked" by professional's.
There have been representatives on television talk shows giving reasons for the "rebate". All are illogical. "preparing the consumer for a price increase" is not only illogical but stupid. I have had intelligent people say something to the effect " well company a is buying from company b an if sales reach expected levels than company c will reimburse company b..it makes no difference who is doing what to who, the consumer is still money out of pocket.
If you are in the car buying market or you just want information to try to keep yourself from being victimized you can check out some of the sites listed above. Just keep in mind that all the sites mentioned all have "terms and conditions" and severe privacy policy clauses. Enter their sites at your own risk and READ THEM CAREFULLY AND LIMIT THE PERSONAL INFORMATION YOU SUPPLY THEM.
There are three basic steps to making a new or used car purchase without totally being taken to the cleaners. Step 1 Make sure you are not "upside down" on your current vechile. (2) Never tell the dealer you are going to trade your old car in until after you settle on price. Then hit them with "I think I will trade in my clunker, How much will you give me for it? The math is simple. Simply subtract old from new.(3) Never, never jump at dealership financing. Get rates from your bank and at least two other source"s. COMPARE THE RATES AND TERMS. In the past banks had the best "deals" but it's up to you to read and question all conditions.(see bank scams on this site.)
Note: for additional information on the scams listed above in bold italics, consult our dictionary.
If you have any questions or would like to add to this article please contact; consumers@buyerscams.com
This page is under construction