Have you ever seen a car dealership ad that promises to pay off the loan balance of your trade-in, even if you owe more than the value of the trade-in? Well, the Federal Trade Commission has stopped a handful of dealers from continuing to deceive buyers with this too-good-to-be-true offer.
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5 comments:
It's about time...
Holly Kia offers $7K off but the same vehicle is $5K to $7K less at Sherwood.
None of the dealer have lied to the customers.
The ad says that the car dealer will pay off the loan on the trade in. Thye dealer does pay off the loan on the trade in.
People are stupid if they think they are not responsible to pay back money they borrowed.
Car DEalers, Real Estate Salesman... All the same...
They LIE, LIE, LIE to you to get you in something that you cant afford.
I know this guy Tony, man what a smooth salesman, he can sell you your own underwear, un washed. Its all in the talk, then they play with your finances to get you a deal you cant walk out on. Usually on a car that is a piece of crap, drive off the lot and NO warranty, no recourse.
If you just use "common sense" when dealing with a car dealer, you'll come out just fine.
Don't fall for the gimmicks, should be rule #1.
Shop around. Don't buy the first time you look, walk away and come back, maybe.
Don't tell them what you want your "payment" to be! Stay focused on the purchase price! They can work the numbers to basically get you any "payment" you want within say a $50.00 range.
Ever notice how many questions they ask YOU, when you are looking?
They're pumping you for information. YOU should be the one ASKING the questions, not ANSWERING the questions!
If you feel like the salesperson is the hard sell type, walk away!
Go to a dealership that doesn't use hard sell tactics! There are plenty of them.
There is absolutely nothing false about the claims: what is false is the expectations of buyers that think they will be rewarded for past mistakes or unreal expectations. Anyone who would buy his own underwear, "un washed", or sign paper work buying a "piece of crap", and make stupid decisions hoping a warranty or some other form of "recourse" will make up for their mistakes really needs help. But, to quote the immortal Ron White "You can't fix stupid".
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