The Top 7 Fees You Should Never Pay When Buying a Car

TLDRLearn about the 7 fees you should avoid paying when purchasing a car, including delivery fees, advertising charges, and credit life insurance. Avoid unnecessary expenses and protect your wallet!

Key insights

💰Delivery fees or destination charges should only be paid if they are on the factory sticker

📺Advertising charges are often covered by the manufacturer and should not be paid by the customer

🚗Credit life insurance is overpriced and unnecessary, consider alternative life insurance options

💸Additional dealer markup (ADM) is a rip-off, don't pay more than the MSRP for a vehicle

🎁Minor enhancements like pinstripes and accessories are overpriced, negotiate their removal

Q&A

Should I pay for delivery fees or destination charges?

Only pay for destination charges if they are listed on the factory sticker

Are advertising charges necessary?

No, advertising charges are often covered by the manufacturer and should not be paid by the customer

Is credit life insurance worth it?

No, credit life insurance is overpriced, consider alternative life insurance options

Should I pay additional dealer markup (ADM) for a vehicle?

No, never pay more than the MSRP for a vehicle

Are minor enhancements like pinstripes worth the extra cost?

No, negotiate the removal of these enhancements as they are overpriced

Timestamped Summary

02:00Delivery fees or destination charges should only be paid if they are on the factory sticker

02:48Advertising charges are often covered by the manufacturer and should not be paid by the customer

04:54Credit life insurance is overpriced and unnecessary, consider alternative life insurance options

07:47Avoid paying additional dealer markup (ADM), never pay more than the MSRP for a vehicle

09:51Minor enhancements like pinstripes and accessories are overpriced, negotiate their removal