Purchasing an automobile usually represents making a major financial investment. Although the majority of car sellers featuring used vehicles on their lot act with integrity and want an honest win-win situation for both seller and buyer, there are enough scam artists out there who are unscrupulous car sellers. Here are six things to watch out for in order to spot an unscrupulous car seller, meaning you need to run, not walk, in the opposite direction.
(1) Telling white lies that make you feel pressured to buy. An unscrupulous car seller immediately makes you feel pressured to make a purchase decision before you have a real chance to get your questions answered and really investigate all the pros and cons of the vehicle. If a seller insists that the pricing is only a one-day special, cautions you that somebody else has already expressed interest in the car, or that the vehicle’s color is the only one available, you are most likely dealing with an unscrupulous car salesman who simply wants you to sign a purchase contract without knowing what you are getting into.
(2) Bait and Switch Tactics: If a car dealer advertises a special promotion and it’s already gone by the time you arrive, it’s likely that special car price never even existed and they merely want to get you into their dealership to sell you another much higher-priced vehicle.
(3) Focusing on Low Monthly Payments: Beware if a car seller specializing in used cars Calgary hammers away at the low monthly payment rather than the full price you’ll be paying for the vehicle.
(4) Figures in the Paperwork that Don’t Match What Was Promised: An unscrupulous car seller may verbally promise you one thing and put entirely different terms in the written contract, so be sure to read every line of paperwork before you sign.
(5) Hiding the Vehicle’s History: An unscrupulous car seller may fiddle with the odometer or “wash the title”, meaning they hide the fact that the vehicle was involved in an accident or flooding disaster and reconditioned, making it an unsafe vehicle to purchase at any price.
(6) Yo-Yo Financing: An unscrupulous car seller may agree to a certain car loan rate, then call the buyer a few days later after he is already enjoying the car, insisting the original deal fell through and pressuring him to accept higher financing terms. It’s smart to have car loan financing in place before negotiating a car’s price at a used cars Calgary lot.
photo by: jamesmixon84