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Five warning signs you need to Keep an Eye On for Test Drive Deposit

If the dealer demands a deposit or credit application prior to allowing the buyer experience the car for themselves, it could be a red flag. Buyers should not be able to test drive the vehicle without deposit or credit application.

2. Trade-Ins

Unfortunately, it could happen when an auto dealer requests to see an appraisal of the car being traded in prior to the signing of the deal.

3. Variations in the Price of Advertising

It’s best to step away from buyers who are interested if the price advertised for the vehicle is lower than its selling cost.

4. The packaging for payment

It is illegal to pay the amount if the conditions of the payment don’t specify an amount, interest rate , or duration, provided that the payments are within a band.

5. Reconditioning Fee

A further red flag is when an auto dealer is charging an reconditioning cost for an old car. If dealers were more transparent in pricing, they would get more clients. Do not buy from any dealer that uses unethical tactics to promote automobiles.

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