5 BIGGEST Car Dealer Rip Offs That Cost You THOUSANDS || Watch Out!
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Published 2024-02-14
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00:00 Intro
00:45 Tied-Selling
03:05 Forced Financing
04:35 Bait & Switch
06:50 Hiding Incentives
08:00 Trade-In Offer
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With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe!
All Comments (21)
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Always assume that the car dealer is out to steal from you until they prove to you otherwise - good luck finding an honest one
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I just bought a car last week. I told the salesman not to present me any add-ons. I told the loan officer to skip all extended warranty. Read carefully and be willing to walk away if you have to or they will make you pay more then you needed to.
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I had gone to 4 to 5 dealerships for new car and everyone gave a quote with extras. Some dealerships did not even bother to give me a breakdown. Finally, I found a dealer who initially included extras but told me if required, extras can be taken out. Eventually, I ended up ordering the car with MSRP and asked dealer to take out all extras.
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My buddy has been a Honda salesman for over 20 years now. Good guy, says he hates the way they do business now. He told me on average, $3000 mark up for products cost them $200-300. Pure consumer fraud if you ask me.
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Tied selling happened at Colonial Honda, Halifax, NS in 2020, the last car I bought. When I forcefully questioned it with the manager, I got nowhere. Nothing makes me feel dirtier than buying a new car. Sad.
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The two dealers I dealt with today looking for a small SUV were excellent, told me the final price and told me what’s included and gave me financing options and invited me for a test drive, nothing salty about my day today
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Thank you for your work!
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What a racket. Just purchased a new vehicle and it was exhausting. The back and forth and checking every detail. I did get more for my trade because I was willing to walk away unless I did.
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I love when they add on a bunch of things, then act like you’re insane for not wanting them. I go in knowing what I want with a number in my head for it. If I don’t get that, I leave.
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Unscrupulous car dealers are a given. The consumer is almost guaranteed to get Stormie Danieled during the buying process. Even the one's that publicly proclaim their selling integrity.
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Great video thanks!
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YAAYYYYYY TIME STAMPSSSS!!!!!!!! Thank you very much.
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Thanks for this video, very helpful to those looking to buy a car. I was myself a “victim” of this situation, I wish I saw a video like this before.
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Very good advice! Glad I read it, and I WILL make sure I keep a copy of this video and I will take my questions with me when I visit a car dealership. Thank you.
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This will definitely help a lot of people
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Thank you for your information
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Forgot to mention that if you are gonna finance the purchase then first get it through a credit union and not through the dealership.
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We thank you so much for all this info God Bless 🛎🇨🇦
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You nail it everything. I've sold 100s of cars. I actually left bc there's it's easier on the soul
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My brother was trying to buy car for his daughter a months ago, this one dealer for a 2020 Corolla with 167,000 km was selling it for the same price as a 2024 model. Where do they get off asking that much for a 4 year old car, they ended up getting a brand new Kia Forte for less than any 2-4 year old used car.
