What hidden fees can you expect when you buy a car with financing?

Question

I was to buy a car today. When it got down to signing, some strange things occurred. He changed the interest fee by 11/2 % from day previous, listed the price as $1,000 more than what it was (but this did not reflect in actual total), charged me administration fee (car lot) and bank fee (financing company) and wrote in a $1,000 fee for delivery (60 kms!). Delivery supposed to be free b/c the owner of the lot wanted to hold the car until the finance co's cheque cleared; not as I expected, that I would take it today. Small dealer normally not dealing with higher% financing companies. I've never been so confused. I think I really could have been taken. If they cashed the cheque, and then got my signature for the $1000 drop-off, they never would have had to give me the car. I pointed this out to them, as well as the other things that didn't make sense. Then he said he'd change it to what would make me happy. I have experience only with private deals. Can you provide clarity?

Auto Inspector: what do you mean? - "there is no such thing as a car you can't find unless it's an antique?"
I didn't have trouble finding the car as he had one I was interested in (the Malibu) on his lot. It's just the changes, the charges, the fudging of figures, the fact that he wouldn't give the car without receiving his CASH first. Tks.

Answer 1

As with ANY other business, you will find Car Dealerships that can indeed be shady in nature. These are usually the "Buy Here Pay Here" lots.

Often when you walk into one of these places, your gut is screaming at you that there is something "not right" about this place.

My advice: Turn and go.

If you proceed after this, it's your assumed risk.

It's not just car dealerships though. Corruption knows no boundaries.

.

Answer 2

I am a car dealer, and the same breed as you and the bugger who says otherwise. It sounds like what you experienced is bogus. The only part that may possibly be legit' is a change in interest rate; although I have never seen it change in the middle of the deal.

Answering the question about what is better: buying from a dealer or buying private party. You may get a better deal buying an older car from a private party, however if your looking for a late model vehicle a dealership may have more to offer such as warranty, certification and quality assurance, helpful advice finding a perfect car for you needs.

about finding the best price...if you don't like the haggling and the headache associated sometimes with buying a car...tell your salesman up-front that you are only willing to pay say $800 above invoice this will assure you the best value for your money........not only will you be happy with the deal your salesman will be content with the small commission and the dealership will do fine too......in the end you will all be happy and even receive good service there after......

Good Luck Friend

Answer 3

Obviously, you are dealing with a crook - a typical dealer. They can charge you "Doc fee" - usually $40-50, taxes, "Dealer fee" - this one is a direct extortion but has lately become a standard - $300-$400.
In any case, all charges and prices MUST be specified up front, and are NOT subject to change without notice.
Again, this is a major crook, and if I were you, I would definitely go somewhere else - there is no such thing as a car you cannot find unless it's some kind of an antique.

Answer 4

Your biggest mistake is going to a car dealer. They are a breed separate from society.

Buy locally from a private individual and you will be much better off.

Answer 5

always read the fine print . car dealers are out for there selves . not you and you can contact the better busness berua on this matter as well on what he did it is called breach of contract . my opion?