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Home » Is money down on a car deal a SCAM? How dealers turn your cash into PROFIT! i financed a car and don’t want it

Is money down on a car deal a SCAM? How dealers turn your cash into PROFIT! i financed a car and don’t want it



Most Car dealers want you to put money down when financing is involved. Is that a scam? It could be. Here’s what to look for when you are putting money down on your next car purchase.

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Is money down on a car deal a SCAM? How dealers turn your cash into PROFIT!

Is money down on a car deal a SCAM? How dealers turn your cash into PROFIT!

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Is money down on a car deal a SCAM? How dealers turn your cash into PROFIT!
i financed a car and don’t want it
You can see more ways to make money here: see more here
You can see more ways to make money here: see more here

33 thoughts on “Is money down on a car deal a SCAM? How dealers turn your cash into PROFIT! i financed a car and don’t want it”

  1. If you agree to pay $30k sale price on a vehicle pay taxes and fees you have an out the door price. Then if you want to put a down payment A down payment does not change that. If you put $5k down the price does not go up $5k unless the seller tries to do that then your not paying attention, don't sign and leave immediately.

  2. Man i got scammed for 40 k I gave 7k as a down payment and the car value was 26k and from nowhere the price went to 40k and I had to give 7k as a down payment but I mean I Iove my camaro

  3. Honestly you're better off just buying cars privately and making your own repairs and it'll come out to significantly less than anything a dealership can ever offer. All that the dealership is concerned with is making a profit off of people. They don't care about anything else.

  4. In fact, most (99%) of dealers are scammers. They have customers sign 3,000 to 5,000 dollars for Gap coverage that does not even cover the car, and divide the money in half with the Gap company. So, of course, when the car breaks down They deceive consumers with lies or excuses. Moreover, a person with bad credit if he purchase a $5,000 gap, 10% interest, do total Gap cost is $7,500 in 60-months.they steal the money by fraud. Besides, if they sell cars at a high-interest rate, they get a payout from the bank. They are really thieves. They are the poison of society.I hope more people can see this YouTuber's video.

  5. What would your recommendation be for someone with poor credit? Would you rather they have a large down payment, or should some, if not all, of the money saved for a down payment be used to cover the under water amount they owe on the trade and have a low down?

  6. No worries mate, those complaining about you recording in your car are usually the morons who text on their phones while driving, as they say blame others for which you are guilty of. I never pay attention to people like that.

  7. When you get to the finance don’t buy any extra products. None. You can always purchase an extended warranty prior to going out of the manufacturers warranty and no you won’t pay more, you’ll pay far less. Dealership mark ups are $500 minimum, and can be $1500-$2000. Dealers can legally mark up finance rates, so again it’s critical to get pre-approved by your credit Union or bank.

  8. If you’re buying a car or leasing always negotiate on the price of the vehicle first. Don’t mention anything about leasing or financing, when they ask say you’re not sure, you may be paying cash. Never mention you have a trade. Once you have agreed on the price of the vehicle then take the next step. If leasing have payments run off the negotiated sales price, use a lease calculator to check their math. If financing obtain your financing outside the dealership, if they can beat the rate fine, just be sure to use a calculator to verify base payment is accurate. If you’re trading in be sure to negotiate only after you have negotiated the sales price of the vehicle you’re purchasing.

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