Unveiling the Dirty Secrets: How You Are Screwed By Dealerships And Banks When Buying a Car

Buying a car can be an exciting experience, but did you know that dealerships and banks often have hidden agendas that could leave you feeling cheated? In this comprehensive guide, we will expose the dirty secrets that the auto industry doesn't want you to know.

1. Overpriced Vehicles: The Game of Markup

When you set foot in a dealership, be prepared for a world of inflated prices. Dealerships often add hefty markups on their vehicles, sometimes amounting to thousands of dollars. They capitalize on the notion that buyers are willing to pay extra for the convenience and peace of mind that comes with purchasing a car from a highly reputable establishment.

The reality, however, is that you can find the same make and model of the car at a lower price elsewhere, be it through private sellers or online platforms. Recognizing this game of markup empowers you to negotiate better deals and avoid falling into the dealership's profit-focused trap.

Eff You Very Much: How you are screwed by dealerships and banks when buying a car

by Alex Pentland(Kindle Edition)

5 out of 5

Language	:	English
File size	:	2329 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	124 pages
Lending	:	Enabled
Screen Reader	:	Supported

FREE

2. Pushy Sales Tactics: The Persuasion Parade

Have you ever felt pressured by a salesperson at a dealership into making a quick decision? These pushy sales tactics are employed to bind you emotionally to the vehicle and create a sense of urgency. Whether it's limited-time offers or attempts to steer you towards a more expensive model, the goal is to cloud your judgment and make you feel obligated to go through with the purchase.

To avoid falling prey to these tactics, give yourself time to think and explore other options. Conduct thorough research and compare different dealerships to ensure you make a well-informed decision that aligns with your needs and budget.

3. Hidden Fees and Add-Ons: The Financial Fiasco

While negotiating the price of the car, don't forget to pay close attention to the additional fees and add-ons that dealerships like to slip into the final paperwork. These hidden charges, such as documentation fees, delivery charges, or astronomical administrative fees, can significantly increase your overall cost.

Additionally, dealership warranties and insurance offers may sound appealing at first, but they often come at an inflated price and may not provide the coverage you need. It's essential to read the fine print and consider shopping around for alternative insurance options that offer competitive rates and comprehensive coverage.

4. Predatory Lending: The Bank’s Backstab

Most car buyers rely on loans to finance their purchase, but banks and financing institutions are not always transparent with their lending terms. They make use of deceptive practices such as hidden charges, high-interest rates, and unfavorable loan durations to secure their own profitability.

Before agreeing to any loan terms, make sure you thoroughly understand the interest rate, down payment, and monthly payments. Don't hesitate to negotiate with banks or shop around for better loan offers. Taking the time to research and compare different financing options can potentially save you thousands of dollars.

5. Depreciation: The Value Vanishing Act

As soon as you drive your shiny new car off the dealer's lot, it starts to lose value. This phenomenon is called depreciation, and it can be a cruel awakening for many car buyers. According to industry estimates, a new car can lose up to 30% of its value within the first year.

Dealerships are aware of this, yet they seldom mention it. They focus on selling you the dream of owning a brand new car without highlighting the financial implications. It's crucial to be aware of this reality and consider buying a slightly used car to avoid the initial depreciation hit.

6. Limited Trade-In Value: The Betrayal of Rates

When you decide to trade in your current car for a new one, dealerships will often attempt to lowball you with unfair trade-in rates. They aim to get your car at the lowest possible price to maximize their profit when reselling it.

To protect yourself, do your research and find out the fair market value of your trade-in. Consider selling it privately or exploring multiple dealerships to get a better idea of its actual worth. By having this information, you can negotiate a fair trade-in value that doesn't leave you feeling shortchanged.

Buying a car can be an overwhelming experience, but being aware of the tactics employed by dealerships and banks can give you an upper hand. Remember to conduct thorough research, negotiate diligently, and never rush into a decision. By staying informed and assertive, you can avoid being taken advantage of and ensure a smoother car buying journey.

Eff You Very Much: How you are screwed by dealerships and banks when buying a car

by Alex Pentland(Kindle Edition)

5 out of 5

Language	:	English
File size	:	2329 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	124 pages
Lending	:	Enabled
Screen Reader	:	Supported

FREE

Have you ever purchased a vehicle?
Exciting stuff – especially when your finance has been approved!

However, when you received your invoice, you were likely to have experienced quite a shock, as this vehicle now costs more than what you expected due to “not-so-hidden” costs.

Surely you have wondered what these “On-the-road fees” are? What the “Admin fee” is for?

Here we expose the whole motor industry and how they are ripping you off by inflating prices and charging for illegal add-ons.

We also expose the banking industry with their illegal actions regarding vehicle finance and complicity in the above.
These two industries are making BILLIONS annually in illegal transactions – and if you’ve purchased a vehicle after 2007, you are part of it!

If you own a car or are planning on buying a vehicle, this book is for YOU!

HERE WE REVEAL EVERYTHING!!!