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Personal Finance Round-Up: Watch Out for Car Dealer Scams

By Money Crashers

car dealershipGetting ripped off can be a consumer’s worst nightmare, and car salespeople can be particularly devious, often making the process difficult. Many car salespeople work on commission, and any extra you are willing to pay pads their wallets.

However, if you think you’ll never figure out their tricks, think again: In the article, Avoid These Car Dealership Sales Tricks, U.S. News speaks to car industry experts, who share their secrets to help you the next time you need to buy a new automobile.

There are a number of red flags to keep an eye out for. For instance, if a dealership advertises cars that end up not actually being on the lot, that’s a bad sign. Explaining that an advertised car you are interested in “just sold” is another shady tactic a salesperson may try to use. These bait-and-switch strategies should signal you to take your business elsewhere. Some tips are even less obvious. For example, you should always consider discussing a deal over the phone, rather than in person, as you are less likely to be pressured, given that hanging up is easier than walking away.

Saving money on a car is great. Here are some other personal finance articles that can help you save:

Putting a Value on Reliability: When Is It Time to Trade in Your Car? [The Simple Dollar]
Have you been driving the same car for what feels like an eternity? Many people believe that continually making repairs as needed can save the most money in the long run. So how do you know when it’s finally time to trade in your car?

10 Inexpensive Date Ideas [Personal Dividends]
Are you afraid that Valentine’s Day will put a major dent in your wallet? If you are looking to enjoy your special day without going broke, check out these 10 inexpensive date ideas.

5 Top Banking Apps Designed for Productivity [Girls Just Wanna Have Funds]
App developers are constantly seeking to improve mobile business capabilities. Girls Just Wanna Have Funds shares five useful banking apps you should consider if you are looking to boost productivity.

Save Money When Shopping Online: From Research to Receipt [Bible Money Matters]
Typically, making purchases online is more convenient than visiting a brick-and-mortar retailer – and it can also be more affordable. Find out how to save money by shopping online over at Bible Money Matters.

Cutting the Cord on a Land Line Phone  [MSN Money]
Land line service is rapidly vanishing as more people exclusively switch to wireless phones. By 2016, the number of wireless-only households could climb as high as 50.8 million. However, before you hastily cut the cord, consider whether this move is right for you.

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