Trade-in Foursquare

How the scam works:

You decide to trade-in your car and are negotiating the price of a new one. The discussions are taking place in the dealer’s office and he draws a foursquare figure or uses a worksheet, adding the following categories: purchase price, monthly payments, down payment, and trade-in value.


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This worksheet is used to manipulate you and find out which of the four areas are most important to you. He will make you feel like you are getting a great deal by lowering that particular figure, while in fact balancing the finances by increasing one of the other three. If you are not paying attention to all four you will end up where the dealer eventually wants you to be.

Watch the video below to see more scams pulled by dealers and things to check when buying a car:

 

Buying A Car From A Dealership Scams Video

How to avoid:

Let the dealer show you all they have to offer. Take the information, go home, and sleep on it. Analyze it the next day by looking at all angles. Negotiations should never end right away.


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selma hrynchuk
Selma HrynchukSelma is a fraud prevention specialist renowned for her expertise in private eye investigations and a remarkable partnership with law enforcement agencies. Beyond her investigative triumphs, her public speaking engagements and written works have empowered countless individuals to protect themselves and stay ahead of deceptive schemes. Selma's legacy shines as a tenacious agent of change, unyielding in her commitment to battling fraud and ensuring a safer world for all.

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