Market Adjustment Fee Scam: How It Works
You are buying a new car and the dealer shows you an orange sticker next to the MSRP (Manufacturer Suggested Retail Price) sticker. He says that due to this car’s popularity there is an extra charge, known as the Market Adjustment Fee.
The orange sticker makes it look official so you accept it. Dealers usually pull this scam when people trade in their old cars to get new ones since they are often focused on the trade-in amount, instead of the whole deal. The car market adjustment fee could lower your trade-in value by up to $1,000.
Watch the video below to see more scams pulled by dealers and things to check for when buying a car:
Buying A Car From A Dealership Scams Video
Market Adjustment Fee Scam: How It Works
Since the car is already in stock and you don’t have to put your name on a waiting list, it doesn’t make sense to pay the Market Adjustment Fee, regardless of how popular the car is. Just tell the salesperson, or look for another dealership.
Market Adjustment Fee Scam: How To Report
Make your family and friends aware of this scam by sharing it on social media. You can also officially report the questionable auto dealerships to the Federal Trade Commission using the link below:
Related Articles and Pages
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