Forced Warranty Scam: How It Works
(with video below) You find yourself at a car dealership. Your future car is picked out and it’s just a matter of financing. The dealer is working on the paperwork. They are friendly, ask you what you do for a living, and make small talk about your family.
Off-handedly a warranty is mentioned that is not included in the price, so no problem there. What this really means is the $3,000 warranty is included in the invoice’s total, even though it’s not part of the car’s value. They may even tell you the warranty is required to get the loan. This is not the case. If you don’t want the warranty, it is your right to decline it.
Watch the video below to see more scams pulled by dealers and things to check when buying a car (maybe get a Buying A Car For Dummies book, too):
Buying A Car From A Dealership Scams Video
Forced Warranty Scam: How To Avoid
Ask the dealer to show you where it says on the contract that the warranty is required to be approved for the loan. If they can’t, feel free to walk out.
Forced Warranty Scam: How To Report
Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
Related Articles and Pages
Forced Credit Application At Dealership Scam
Dealership Forced Warranty Scam
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