Car Buying Scams

Written by Tim Gorman

Purchasing a new automobile is hard enough without having to deal withrepparttar sales pressure from a car salesman. It’s no big secret that almost every car dealership can be talked down onrepparttar 102714 initial price they want for a car. The key is to know what scams to watch out for in order to maximize your hard earned dollar. This article details a few sales tactics that you may want to be onrepparttar 102715 lookout forrepparttar 102716 next time you purchase a new automobile.

The first money wasting scam deals with etchingrepparttar 102717 vehicle’s VIN# onrepparttar 102718 window. In some cases a dealership will try to make you pay for this added feature. Please don’t fall for this trick. No lender will require you to pay for any extra options that you don’t require. To be honest all they really care about is whether or not your payments are on time.

Be onrepparttar 102719 look out forrepparttar 102720 phrase “subject to loan approval”. Almost every car loan will have this phrase in it and trust me when I say that some dealerships will try and exploit you out of more money using this phrase asrepparttar 102721 reason why. This scam is usually pulled on consumers that may have bad credit so if your credit score is good you shouldn’t have to worry about being taken advantage of byrepparttar 102722 dealership. The bad news is for those that are taken advantage of it usually means upwards of $1000 more in finance fees and an additional $50 a month added to your car payment. One way to avoid this scam is to financerepparttar 102723 car through your own bank or credit union.

The most abused scam isrepparttar 102724 credit score scam. This is whererepparttar 102725 car dealership tells you that your credit score is lower then what it actually is in order to charge you a higher finance rate on your car loan. No one is immune to this scam becauserepparttar 102726 dealership doesn’t care if you have good or bad credit when they attempt to con you. The best way to deal with this greediness is to bring a copy of your credit score with you when you go looking to buy a new car. That way there is no confusion as to what your credit score truly is.

Graduated Driver Licensing

Written by Melih Oztalay

Drivers 16 years of age are at high risk for traffic accidents due to their immaturity and limited driving experience. A series of five research papers published in a September 2002 supplement of Injury Prevention addresses this risk among young drivers. The papers make a compelling case for graduated driver licensing (GDL),repparttar system of laws and practices that gradually introduce young drivers intorepparttar 102713 driving population.

Graduated Driver License programs can be found in 31 states aroundrepparttar 102714 country. The GDL program permit young drivers to safely gain driving experience before obtaining full driving privileges and are generally targeted towards 14 – 17 year old teen drivers.

Most states require an adult with a valid driver’s license be present whenrepparttar 102715 teen is driving. Additionallyrepparttar 102716 teen driver is required to enroll in a certified Drivers Ed course and must hold a learner’s permit for at least 3 – 6 months before taking an “operators driving license” test.

It is during these 3 – 6 months when teen drivers with learner’s permits mostly driverepparttar 102717 family vehicle with their parents. While GDL programs allowrepparttar 102718 teen driver to gain experience in a family vehicle with a parent, other drivers are not aware who is behindrepparttar 102719 wheel of this vehicle.

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