A CAR DEALER has revealed some common sales traps to avoid in order to save thousands on your next motor.
Kenny Martin, who owns Competition Car and Classics in Salem, Virginia, took to TikTok to warn customers against potential ripoffs.
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His tips concerned buying a car on finance and two things to look out for.
He urged viewers to avoid being taken in by the dealer lowering the monthly instalment price to try and rush them into a purchase.
Kenny said: “A lot of salespeople will use that.
“You don’t know if that payment is going to be four years or eight years, or they might even try to put you in a lease.”
Instead, it is always advisable to work out your financing deal directly through a bank before visiting a dealership.
Showrooms will often work with particular banks to make exclusive offers, but always read the fine print and know that you can negotiate your own deal if you so wish.
The second trick used by dealers, according to Kenny, was to offer you a new car rather than a used model for a small amount extra “per day”.
He used the example of a salesperson claiming it would only cost an extra £2.46 ($3) for each day of a leasing agreement.
However, this cost can mount up over time.
He explained that this actually amounts to around £73.80 a month or £885 a year.
And when you consider that the extra monthly £73 is also subject to interest as part of the loan, this could end up seeing you over £1,000 out of pocket for every year of the deal.
Instead, just make sure the used car is low mileage and in good condition or go to another dealership.
You are always allowed to shop around and may find a better bargain elsewhere.
Social media commenters were amazed by the tricks.
One wrote: “Good advice.”
Another added simply: “Dang.”
It comes after a mechanic revealed a 37p Coca-Cola hack which can save your car from “black death”.
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