Law and Rights
Think getting your car loan set up by the selling dealer is a good deal? You better think again.
The Center for Responsible Lending has a terrific (and short) Car Loan Quiz that will shock you about just how much money consumer car buyers lose to car dealers who set up the financing for their customers.
No matter what your score is on the Car Loan Ripoff Quiz, your eyes will be opened.
Take the quiz by clicking here.
You can get more advice about cars, secret warranties, buying and leasing tips, and much, much more, by clicking here.
The Center also has a free online Car Loan Calculator that can help you avoid being overcharged. Click here.
The moral of the story is simple. When you visit a car dealer, hold on tight to your wallet so you don't waste your money.
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- Should You Buy Your Next Car? Or Should You Lease?
Experts generally agree that leasing a vehicle is almost never the right decision for a consumer, but very often it can be the right decision for a business. Still, car dealers are leasing so many used cars nowadays that it even includes used cars being...
- The 27.9% Optional Tax You Don't Know You Pay
Where car dealers make their money is not where you think it is ... it's not on the car itself - not by a long shot. Any profit there is pure gravy. The real profit at a car dealership is in the "dealer profit tax" they push on to the deal. This...
- Rebate Or Best Interest Rate?
Do you take the rebate or the zero rate loan? Which is better for you? Manufacturers often try to boost sales by offering new car buyers either a rebate or "zero" (or low) rate financing, but it can be hard to figure out which is the better deal for you....
- Forbes Quotes Burdge
In a recent article, Forbes website ran an article called "10 Ways to Outwit a Car Dealer" and quoted Lemon Law attorney Ron Burdge discussing the secret ways car dealers make money off customers, including "Dealer Reserve." That's a practice many...
- Car Sales Fraud Rising
New car sales are slowing down and that can mean an increase in fraudulent practices in the used car department, just to keep the money flowing. For the first time ever, the US automakers are predicted to drop to less than a 50% share of the market in...
Law and Rights
How Car Loans Rip Off Consumers
Think getting your car loan set up by the selling dealer is a good deal? You better think again.
The Center for Responsible Lending has a terrific (and short) Car Loan Quiz that will shock you about just how much money consumer car buyers lose to car dealers who set up the financing for their customers.
No matter what your score is on the Car Loan Ripoff Quiz, your eyes will be opened.
Take the quiz by clicking here.
You can get more advice about cars, secret warranties, buying and leasing tips, and much, much more, by clicking here.
The Center also has a free online Car Loan Calculator that can help you avoid being overcharged. Click here.
The moral of the story is simple. When you visit a car dealer, hold on tight to your wallet so you don't waste your money.
Burdge Law Office
http://www.ohiolemonlaw.com/
Helping consumers protect themselves since 1978
Subscribe in a reader- Should You Buy Your Next Car? Or Should You Lease?
Experts generally agree that leasing a vehicle is almost never the right decision for a consumer, but very often it can be the right decision for a business. Still, car dealers are leasing so many used cars nowadays that it even includes used cars being...
- The 27.9% Optional Tax You Don't Know You Pay
Where car dealers make their money is not where you think it is ... it's not on the car itself - not by a long shot. Any profit there is pure gravy. The real profit at a car dealership is in the "dealer profit tax" they push on to the deal. This...
- Rebate Or Best Interest Rate?
Do you take the rebate or the zero rate loan? Which is better for you? Manufacturers often try to boost sales by offering new car buyers either a rebate or "zero" (or low) rate financing, but it can be hard to figure out which is the better deal for you....
- Forbes Quotes Burdge
In a recent article, Forbes website ran an article called "10 Ways to Outwit a Car Dealer" and quoted Lemon Law attorney Ron Burdge discussing the secret ways car dealers make money off customers, including "Dealer Reserve." That's a practice many...
- Car Sales Fraud Rising
New car sales are slowing down and that can mean an increase in fraudulent practices in the used car department, just to keep the money flowing. For the first time ever, the US automakers are predicted to drop to less than a 50% share of the market in...