Confessions from a Car Dealer's Backroom

It's a game of psychological warfare, said one current car dealer "money man," whose identity On the Money kept private. These salesmen are looking for customers who are "as dumb as possible," he said. The bottom line for customers is that they don't have to buy anything that's offered in the finance office of the dealership.

Courtesy www.cnbc.com (Aug 18, 2008).

Category:

Autos & Vehicles

Tags:

• car
• dealer
• finance
• scam
• fraud
• salesman

[BFX9000]

@ironaddict11

Yea, they have to make it sounds like an interview in the show "Gangland". Ha~!

[SkepticalAaron]

You don't need to pay for your credit score and you don't need to go to those scam "free credit report" sites either. By law, all 3 of the major credit score reporting companies are required to give you 1 free report per year.

[gr8vibes2]

I called a VERY interested car dealer until he found out I was paying all cash. yeah this video is true.

[FloppyHatPhotos]

I'll save you Money as well just pay cash for what you buy.

[dodgecity2010]

ill tap that ass

[volkswagenaustin03]

@RaguelAngelofBalance I am not a young person. I am 28 years old. I can assure you that I pay cash for my cars. And I am also planning on buying a 2012 Chevrolet Tahoe LTZ within the next few weeks.

[RaguelAngelofBalance]

The best is those fees they stick on you close to signing. Such as "PRICES INCLUDE ADMINSTRATION FEE, GLOBALI.COM REGISTRATION FEE PROGRAM, AND OMVIC FEE". These can be almost a thousand dollars. If I see this, I walk out.

[RaguelAngelofBalance]

@volkswagenaustin03 Hey Junior, not everybody has cash to drop on a new car. Or you are just full of shit.

[ultramedieval]

@SkepticalAaron It's true for the report but not the score. Unfortunately we have to pay for that.

[volkswagenaustin03]

I always pay cash for my cars. I just bought a 2011 Volkswagen Touareg Executive with CASH. I don't have this problem.

[FrankRizzo762]

I just want to punch that women in the face............

[KnightChatX]

Also make sure you have insurance on the car before it goes off the lot once you've finalized the purchase and car gets their for pickup, as it's illegal to drive car without insurance, ignore the paper tag, it's not a drive without insurance sticker, you don't wanna risk taking car off lot only to get a ticket for driving without insurance before you even get car to your home.

Make sure to check miles on vehicle when you first see vehicle and watch what workers are doing with the vehicle.