The car salesman is usually the least attractive part of buying a new car. When discussing a purchase with a dealer, it’s important to keep the following pitfalls in mind:
- Claiming Your Credit is Poor: Dealers may falsely state that your credit rating is low to offer you higher interest rates. Always check your credit score beforehand to avoid being misled.
- Verbal Promises: Some dealers might promise low rates or deals verbally but fail to honor them. Always get your quotes and agreements in writing.
- Overpriced Add-Ons: Dealers may push extras like paint protection or extended warranties, often presenting them as small monthly costs. Over time, these can add up significantly.
Tip: To avoid these pitfalls, get your finance pre-approved through a trusted finance broker. This gives you more control and better financing options than relying solely on dealership offers.
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