How Do You Avoid Used Car Sales Fraud?
It’s fun to own a new car, but brand new vehicles drop in value as soon as you drive them away from the car lot. You can get a much better bargain if you opt for a used car instead. Unfortunately you can also get taken for a lot of money because some used car dealers use fraudulent sales techniques. This can be prevented by educating yourself and knowing the most common tricks. Determine a fair price for the makes and models in which you are most interested, including common options. It is difficult for a used car dealer to defraud you on the cost of a car when you have done your research and know how much the vehicle is really worth. Start with Kelly Blue Book and then make a list of what dealerships and private sellers are asking for similar vehicles in their ads. Get pre-approved financing from your own bank or credit union, Jeff Ostroff of carbuyingtips.com advises. Used car dealers often try to use the financing process to commit fraud by boosting your interest rate, which provide
