WORST CAR DEALERSHIP SALES PRACTICES

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WORST CAR DEALERSHIP SALES PRACTICES

HOW CAR DEALERSHIPS LITERALLY STEAL YOUR MONEY LEGALLY.   REAL PEOPLE, REAL DEALS, REAL MONEY BEING STOLEN (LEGALLY).

After 33 years in the Car Business, I thought I had seen everything!  I was wrong.  In August of 2014, a Client of mine who just finished Leasing a Chevrolet Pick-Up Truck call me on a Sunday to tell me his daughter leased a car on Saturday.  His daughter leased a New Kia with a Window of Sticker Price of $18,800.  Her monthly lease payment was $394 per month for 36 months with a total of $2,200 Total Out-of-Pocket PLUS, she traded-in her fathers car as additional down payment. She received only $500 for her fathers car making the Total down payment $2,700.   LET’S DO THE MATH!  $394 x 36 Months = $14,184 PLUS $2,700 upfront EQUALS $16,884 for a car.  The Purchase option at the end of the lease was $10,860 +Tax.  If she purchased the vehicle at the end of the lease she would have spent in total $28,501 for a car that only had a window sticker of $18,800.   Almost $10,000 OVER LIST PRICE! Continue reading “WORST CAR DEALERSHIP SALES PRACTICES”