How To Avoid Car Dealer Rip-Offs & Scams - How to Buy a New Car, Used Car, Car Leasing, Car Financing, Auto Warranties & More! - Spilling the Beans on the Car Dealers!
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Did you know when you drive your new car off the dealer's lot your car has most likely lost 20% to 30% of its value?
If you put less than a 20% down payment on your car, there's a good chance you need Gap Insurance.
Gap insurance covers the difference between the value of your car and what you actually owe on it in case your vehicle is declared a "total loss" by your insurance company.
Without Gap insurance coverage you could end up owing thousands of dollars on your car loan after your car is long gone!
How would you like to still owe $5,000 on a car that sits in a junk yard having been declared a "total loss" by your insurance company?  Read more...

The "payoff" is the amount of money remaining on YOUR car loan!  This is money that YOU owe!  The car dealer doesn't owe it! You do!
So, when you trade in your vehicle, the "payoff" balance must be paid off, or the bank will not release your title to the car dealer you're trading to!
Read more. . .

It never ceases to amaze me how so many people fall for the phony nonsense that car dealers put in their ads! Yet week after week you see the most outrageous ads run by the car dealers.  And let me tell you, those big color newspaper ads aren't cheap!
Whatever you think the ads are saying, Don't Believe Them!  There's a catch, an angle or something misleading in MOST car ads.
I emphasize "MOST" because there ARE honest dealers out there who have too much integrity to pull some of the shenanigans that go on!
By the way. . . the sole purpose of all the gimmicks you see in car ads, is to get you in the door at the dealership, and not let you leave until you buy a vehicle.
Read more. . .

Most dealerships train their salespeople in a "Selling System" that is designed to lead you through the car buying process in such a manner that you don't realize that you are being manipulated and led down the "Yellow Brick Road" to the sale!
This system takes on different variations.  For example, the "Ten-Step," the "Eight-Step," the "Four-Square" and so forth, but the end result is always the same.  To get you to make an emotional buying decision right there on the spot!
Read more. . .

CONSUMER ALERT:  Car dealers will mark-up the price of an extended auto warranty as much as $2,000 and more!
And if that's not bad enough let me WARN YOU....  There are Very Few extended auto warranty companies out there that are worth the paper they are written on!
Yes, an extended car warranty is a smart investment if you choose the right company and don't pay the inflated dealership prices.
The price of a single repair job could easily cost as much or more than the cost of a complete quality extended warranty.
To find out more about how to keep from getting ripped off click: Auto Extended Warranty Tips

How To Get a Bad Credit Auto Loan

First Of All, If You Have Less Than Perfect Credit Visit & Apply at the Following Web Sites:, Auto Credit Express® , MaxCarLoan .

People with credit problems number in the tens of millions.  If you're one of them don't're definitely not alone! Getting a bad credit auto loan is possible.

Having a bad credit rating is nothing to be ashamed of.  It can happen to anyone. Given time and some diligence on your part a bad credit rating can slowly be changed for the better.

Of course, if you're experiencing credit problems and want or need to buy a decent, reliable car you may not have the luxury of waiting until your credit rating changes for the better.

Not to worry!  People with credit problems are getting bad credit car loans all the time.

Get Free Bad Credit Loan Quotes by Filling Out Simple Applications at:, Auto Credit Express® , MaxCarLoan

You Are Not Under Any Obligation to Accept Anything

And don't forget, Know Your Score!
Start Here With Your Free 7-Day Trial in Credit Monitoring.

Now before I go any further, let me remind you of several very important points:

  • Don't take on a car payment that you know deep in your heart you can't afford.

  • Don't allow a car sales person or a Finance Manager in a car dealership to talk you into something you're not ready for, because they most certainly will try...and they don't care if you make your payments or not!

  • Don't get caught up in the euphoria of being able to get a bad credit car loan... tossing all rational thinking to the wind!

There are many different ways you can go about getting a bad credit auto loan when your credit isn't up to snuff.  But first you have to understand this:  You must have an income sufficient to pay your current bills plus a car payment, car insurance and occasional repairs and maintenance costs.

No one is going to take a chance on you if you don't have a steady and sufficient income.  That's only common sense, right?

You also need to have a phone in your name.  No lender will take you seriously if you don't have your own phone.  There's an old saying that Loan Officers use,
"No phone - No loan!"

Most lenders want to see you at your current job for at least a year or more.  The longer you work for the same employer the better the chances of you getting financed.

A lender also wants to see you at your current address for a year or longer. Obviously, the longer at the same address the better.

Also, depending on how bad your credit rating is, you may need to come up with a substantial down payment in order to be considered for a bad credit car loan.  How substantial?  That varies according to the type of car you are buying and the individual circumstances...Probably thousands rather than hundreds, but there is no set amount so don't get discouraged until you apply to a few lenders.

When I was working in car dealerships as a Finance Manager I arranged bad credit car loans for many people who had $4,000 to $5,000 cash to put down.  Of course, if you have that much cash available you can buy a pretty decent used car in that price range and not worry about making car payments at all!

One of your best bets for getting financed is to belong to a Credit Union and apply to them for a car loan.  Very often they have relaxed criteria that will enable you to get a loan through them when you can't get one through a bank.  This is especially true if you have had a relationship with them for any length of time.  It's well worth a try.

If you have a relationship with a local bank - especially if you've had any kind of small loan with them they may be willing to take a chance on you.  Some banks only care about how you pay them.  If you've paid off a loan with them in the past you may have a good shot.

Now...if your credit is borderline, or if you simply have no credit you might have someone available to you who would be willing to co-sign a loan with you.  This person must have a good credit rating and meet the lender's criteria regarding time on the job, time at the same address, etc.

However, if your credit rating is too bad chances are the banks still won't consider you even if your co-signer has impeccable credit!

Get Free Bad Credit Loan Quotes by Filling Out Simple Applications at:, Auto Credit Express® , MaxCarLoan

You Are Not Under Any Obligation to Accept Anything

And don't forget, Know Your Score!
Start Here With Your Free 7-Day Trial in Credit Monitoring.

A good bet in this case is to go to a large volume new car dealer, pick out a vehicle and make a deal based on the tips and secrets advanced on this web site.  Read New Car Buying Tips and Used Car Tips to discover the techniques that will help you negotiate a great deal and save money.

After you've agreed on a deal sit down with the Finance Manager and ask this person to work with you to get a loan.  A good, aggressive Finance Manager can have a lot of leverage with the lending institutions he deals with.  He sends them a lot of business, and sometimes he can sway them to take a deal that they would normally reject.

If the Finance Manager doesn't seem to have the enthusiasm to help you then go to another dealer, and keep doing that until you run into a Finance Manager who has the enthusiasm and hustle to get the job done.  Believe me, the Finance Manager can make all the difference in the world when it comes to getting financed.

Your first preference should be a Ford dealer.  Why?  Because all Ford dealers, in addition to being associated with local banks, have Ford Motor Credit at their disposal. It has been my experience that a good, aggressive Finance Manager can get Ford Motor Credit to take a chance on you when no one else will.

...And understand this as well: if you do get financed somewhere, don't expect a low interest rate!  Your rate may be in excess of 20% depending on the year of the vehicle you're getting, but you're just going to have to pay it!  If you pay your loan on time as agreed then the next time you finance a car you can expect a little better interest rate and so on down the line.

Another angle that used to work quite well with Ford Motor Credit is the lease option on a new vehicle.  Ford Motor Credit is very aggressive in leasing, and this could be to your advantage.  (Please keep in mind that Ford Motor Credit, as well as other lending institutions become more or less aggressive depending on certain business variables, so there's no guarantee this technique will work for you at the time you're looking for a vehicle, but it's another option to look into.)

First of all, if you lease a new vehicle you still have to qualify much the same as with a conventional loan...And if you get leased it will count towards building your credit just the same as a regular car loan will.

Again, the more you can put down the better your chances are.  Find out if there are any special lease incentives on any vehicles.  Sometimes, Ford Motor Credit will have lease incentives on Ranger pick-up trucks, Explorers and certain cars. When they have these you can usually get a decent payment and a nice vehicle in the bargain.

Now tell the Finance Manager how much you have to put down, and tell him you have a fair amount to put towards the security deposit!  When you lease a vehicle you usually need your first payment, license fees and a security deposit generally equal to your first payment.

Tell the Finance Manager that when he presents the deal to Ford Motor Credit to tell them you are willing to double or even triple the security deposit! This makes Ford Motor Credit breathe a whole lot easier, and the beauty of it is that at the end of the lease term you get your security deposit back less any abnormal wear and tear on the vehicle!

One last thought on the leasing option: Shoot for a 2 or 3 year lease.  Don't go any longer than that.  Don't let the Finance Manager talk you into any longer term than that.  2 years is ideal.

Another area where you have an excellent chance of getting financed is with what are called "Special Finance" or "Sub-Prime" lenders.  Most large car dealers will have a Special Finance Manager to arrange this type of loan for you.  You can also apply right online at:, Auto Credit Express® , MaxCarLoan

Again, you will need some money down, and you must be prepared to pay a high interest rate, but as long as you meet minimum standards as to your job, residence, phone, etc. you stand a very good chance of getting a bad credit auto loan.

Last but not least, if all else fails go to a reputable "Buy-Here Pay-Here" car lot. There are plenty of them out there, and with a minimal amount down they will usually put you in a car.  It won't be a new car, but you can find a decent used car if you try hard enough.

And remember, if you've filed for bankruptcy don't worry.  As long as it's discharged (finalized) you can get a car loan or lease using the strategies in this article.  I've arranged bad credit car loans and leases many times for people who have been bankrupt!

So hang in there, be persistent, use your head and the chances are very good that you'll be driving a decent vehicle, and be on your way to re-establishing a good credit rating in no time at all!

The "spot delivery" is a technique that car dealers use to get you to take delivery of a vehicle immediately after you agree on a car deal.
Car sales people know they have to get you when you're "HOT," or when you're all worked up emotionally.   Everything is Now, Now, Now!  In the Car Business There's No Tomorrow!
The F & I Manager will throw together some bank papers for you to sign, and then, usually, after you're down the road, he'll get the deal approved at the bank, and hope they go along with the rate and terms that he signed you up for!
If they can't get the loan bought anywhere then they have to get the car back from you!  Not a pleasant situation for them or you!  Read more...

Car salespeople hate it when you back out of a car deal at the last minute.
This Drives Them Nuts!
This is why all aggressive dealerships want you to take the vehicle "Right Now!"  They don't want to give you any time to think about it.
They don't want to give you a night to think it over. You may start having second thoughts after the euphoria wears off.  This is called "Buyer's Remorse!"  The car sales person's worst nightmare!

There are many reasons that your credit report could contain inaccuracies that might prevent you from receiving the credit you deserve:
1. Inaccuracies & Mixed Credit Files!
2. Tracking Payments!
3. Identity Theft!
4. Inquiries!
5. Credit Fraud--Unauthorized Charges!
The good news is that you can fix your credit report!

Having spent part of my career as a Finance Manager in several car dealerships I often encountered people with glitches on their credit reports.
In many of those cases the glitches were inaccuracies of various sorts.  The customers had no idea these discrepancies existed.  In some cases they were denied credit due to this inaccurate information.
Read more. . .


The Finance Dept. in the dealership, otherwise known as the "Business Office" or the "F&I Dept." has only ONE JOB; To make sure you walk out with the HIGHEST PAYMENT POSSIBLE!
What the public doesn't realize is that the dealership makes as much, and often more money in the Finance Office than it does on the actual sale of the vehicle! Read more...

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