🚩Dealerships asking for credit application before test drive is a red flag indicating potential discrimination and pushy sales tactics.
🚩Dealerships that refuse pre-purchase inspections may be hiding issues with the vehicle and trying to avoid independent verification.
🚩Tying the interest rate to additional products, such as extended warranties, is illegal and indicates dishonest practices by the dealership.
Why do dealerships require a credit application before a test drive?
—Dealerships may request a credit application to assess the buyer's financial situation and to structure the car deal accordingly. However, this practice can be seen as discriminatory and a sign of pushy sales tactics.
Why is it important to get a pre-purchase inspection?
—A pre-purchase inspection by an independent mechanic ensures that the used vehicle is in good condition and free from any hidden issues. Dealerships that refuse inspections may be hiding problems with the vehicle.
Can dealerships tie the interest rate to additional products?
—No, it is illegal for dealerships to tie the interest rate to additional products. They may try to pressure buyers into purchasing extended warranties or other add-ons, but it is not a requirement to get a lower interest rate.
What should I do if a dealership engages in tide selling?
—If a dealership is tying the interest rate to additional products, it is important to be aware that this practice is illegal. You have the right to refuse the additional products and negotiate a fair interest rate.
How can I protect myself from car buying scams?
—To protect yourself from car buying scams, educate yourself about common red flags and conduct thorough research. Ask questions, seek independent inspections, and carefully review all terms and conditions before making any decisions.
00:00Dealerships requiring credit application before test drive is a red flag indicating potential discrimination and pushy sales tactics.
02:20Dealerships refusing pre-purchase inspections may be hiding issues with the vehicle and trying to avoid independent verification.
06:32Tying the interest rate to additional products, such as extended warranties, is illegal and indicates dishonest practices by the dealership.
