Buyer Beware
The federal government has passed legislation that is designed to
protect the consumer in a variety of ways.
Buyer beware
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In today's economy the decision to purchase a vehicle can be an
incredibly stressful situation. But rest assured, if you found this
article and are doing some research online you are already ahead of
the game. In this carlotservices.com article we will give you some
pointers and information to help you become a more informed buyer.
Remember, after signing that sales contract the vehicle you selected
and the payment are ultimately your problem. Any industry
information you can acquire can settle much of the possible buyers
remorse related to a vehicle purchase.
1) Be Prepared: When browsing for a new car keep in mind your
specific needs. A good salesperson will inevitably try to sway you
towards options. Evaluate each of these options for their importance
and usefulness versus the cost they will add to your loan.
2) The Payment: If possible never let the dealer know your
"desired payment". In many cases this seems like a harmless
question. However, once a dealer knows the payment you are looking
for they can manipulate other factors to get the most out of you. By
knowing how much you are willing to pay monthly a dealer can adjust
add-ons such as warranties and service agreements to inflate the
price and still keep you at the desired payment amount.
3) The Salesperson: Be aware that the salesperson represents the
interest of the dealership, not yours. Do not let small talk and
drinks sway your focus or make you feel emotionally obligated in any
way.
4)The Contract: Read It! The contract you sign may not reflect
what you and the F&I manager may have discussed. Do not sign the
contract if it contains blank spaces. Remember, those blank spaces
may be filled in after the fact with information you may not
necessarily agree to.
The information herein is provided as is. The information
contained on this website and from any communication related to this
website is for information purposes only. Radiant Concepts, INC and
carlotservices.com do not hold themselves out as providing any
legal, financial or other advice. This information cannot supersede
any professional advice from financial counselors, attorneys or any
other entity charged with advising consumers on businesses on
financial matters.