New and Used Car Dealer Fees
Discover The Only Three Things You
Must Pay For When You Purchase A Car...
And The Incredibly Stupid Things
Car Dealers Try To Sneak By You
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The Good, The Bad and The Ugly
When you buy a new, or a pre-owned car, van, truck or SUV, there only three things you have to pay.
- The Total Selling Price of the Car (Destination/Shipping is included)
- Title, License and Registration - anything between $150 & $200 is an acceptable figure - more than that and it's border-line theft.
That's it - Nothing more. Nothing Less.
Yet, I saw a Study last year that indicated almost 40% of all Car Dealers tried to add additional costs to the purchase contracts - cost's that were not disclosed earlier to the buyer.
Heck, it's no wonder only 29% of all car, van, truck and SUV buyers enjoyed themselves the last time they made a purchase.
When does this stunt usually happen? Usually it's long after you have agreed to a selling price. And very often you don't find out about these additional charges until it's time to sign the contracts. Sometimes these additional fee's are ridiculously high - Here are some examples and what I want you to watch out for.
- Administrative costs - I've seen $495 charges.
- Delivery Fee - I've seen $199 charges.
- Advertising Fee - I've seen folks charged more than $250 for this.
- Handling Fee - Never did figure out what this was - but I've seen a $100 charge for it.
- Environmental Package - A real good coat of wax for $700.
- Fabric Coating - A couple of $4 cans of ScotchGuard®...that you get charged more than $400 for.
- Dealer Installed Options - that you did not request such as Pin Striping, Security Systems, Splash Guards, etc.
- Rustproofing Packages - I've seen $395 charge for this - don't bother - it's not needed these days.
- Extended Warranties or Service Contracts - Yep, they get added to the Price of the Car. These items should be your choice (if you want an idea on what a warranty costs, see - car warranty secrets.
So here's a valuable tip to avoid a very unpleasant surprise that will ruin the entire purchase - always get the total selling price from the Car Dealer....Up-front.
And if they try to slip additional costs into the deal - WALK OUT. Don't be embarrassed & don't be afraid. You deserve better!