CARCHEX helps prevent new car buyers from scams at the dealership
The week between Christmas and New Year’s is arguably the busiest month of the year for new car sales and amounts to as much as 70% of December’s sales. Sure there are huge rebates and low finance rates for the consumer but the profit driven auto dealer compensates for these consumer savings by jacking up the sale price and offering an unfair amount for your trade-in so he can still make a profit from you.
Car Dealers prey on consumers during this period because they have time-off to shop, year-old bonuses to spend, and are generally in an uplifting buying mood due to the holidays. If you are purchasing a new car – avoid scams by following these simple tips from CARCHEX:
CARCHEX New Car Buyer Scam Tip #1:
Do your homework and determine the best make and model for your needs
CARCHEX New Car Buyer Scam Tip #2:
Research rebates and incentives on the vehicle of your choice

CARCHEX New Car Buyer Scam Tip #3:
If you are trading in your old vehicle, make sure you know your car’s wholesale price, not retail (Check on Kelly Blue Book)
CARCHEX New Car Buyer Scam Tip #4:
Shop on a Tuesday or Wednesday because they are typically the slowest days for the dealer
CARCHEX New Car Buyer Scam Tip #5:
Get preapproved with a loan from your bank or credit union
CARCHEX New Car Buyer Scam Tip #6:
Don’t be afraid to walk away! Remember, you have the upper hand because there are tons of car dealerships waiting for you to walk through their doors and buy a car
At CARCHEX, our best advice is to purchase a preowned vehicle and an extended auto warranty to save yourself money and prevent dealership scams. If you insist on buying a new car, eliminate as much impulsiveness and emotion by doing your homework and following our tips from CARCHEX to prevent scams.