Auto Fraud: Common Dealer Tricks

1. Most Common Auto Dealer Tricks The Margarian Law Firm

2. Reasons Though there are honest auto dealers out there too; however, practice shows that most auto dealers try to cheat the potential buyers and rip them off by practicing various dealer tricks. The main motive/reason for misrepresenting a vehicle is to get more money from the customer.

3. Credit Score Trick The scenario is the following: • The dealer tells you that with your credit score you may not qualify for car financing • Sometimes, they will even say that your credit score is too low, when in reality it is not • Then they will ask you to pay higher interest rates Tip: To avoid being cheated, learn your credit score before visiting the dealership. Learn more here: http://dealerfraud.org/know-credit-score-scam/

4. Monthly Payment Trick The scenario is simple; the dealer tries to fix the buyer’s attention on the monthly payment ONLY. They may tell you, you can pay $350 a month. But they will never mention about the 60 months you will be paying the money. 60 months is TOO MUCH for buying a car. Tip: Negotiate the car price, not the monthly payments.

5. Spot Delivery Trick • Some dealers let the customers take the vehicle home instantly.  • But a few days later they call back to inform that the financing fell through. • This trick is being practiced to make you sign another contract with higher interest rates. • Tip: Avoid financing a vehicle with the dealership. You can turn to a bank or a credit union instead.

6. Urging You to Purchase a Demo Car Demo cars are not as good as fresh new ones! Didn’t you know that? Next time a dealer suggests you buy a demo car instead of a new one, just leave the dealership!

7. Incomplete Paperwork The dealer tells you they will complete the paperwork later on. When you leave, the salesperson indicates a higher car price, not the one negotiated upon. Tip: Never drive away without the paperwork completed.

8. Window Etching Window etching is usually done to protect vehicles from being stolen. The process involves sticking the car’s VIN to the window. Some dealers charge up to $1000 for window etching. Tip: Just go to a car shop and buy a window etching kit for $50 and do the work yourself.

9. Offering an Extended Warranty If the dealer tells you that you must buy an extended warranty, otherwise the car loan will not be approved, then it’s a dirty dealer trick. For more visit here: http://dealerfraud.org/car-extended-warranty/

10. Non-disclosure of Odometer Rollback Some auto dealers sell vehicles even if they know that the odometer has been rolled back to show less mileage. Tip: In order to avoid odometer fraud, read the article: http://dealerfraud.org/to-avoid-odometer-fraud/

11. Non-disclosure of Lemon Law Buyback If the dealer fails to inform the buyer that the vehicle they are going to buy is a Lemon Law buyback, it means the dealer is practicing fraud. Tip: Always check a car’s Vehicle History Report before you buy it.

12. The Margarian Law Firm • Areas of Practice of the Margarian Law Firm include: • Auto Dealer Fraud • California Lemon Law • Class Action Lawsuits • Legal Malpractice • Medical Malpractice • Personal Injury • Criminal Defense • Workers Compensation

13. The Margarian Law Firm • Areas of Practice of the Margarian Law Firm include: • Business Law • Employment Law • Real Estate Law • Family Law • Estate Planning • Bankruptcy Law • Immigration Law

14. The Margarian Law Firm Full service California based law firm.We can offer you a free phone consultation at: (818) 553-1000 Address: 801 N Brand Blvd, Ste 210 Glendale, CaliforniaWebsite: www.margarianlaw.com

15. Thank you for your attention 