15 Things to Consider When Buying Your First Car

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7. Watch Out for the Spot Delivery Scam

Unfortunately, there are a number of dealerships who make money off of the “Spot Delivery” scam. In these cases, the dealer will send the consumer home with their automobile on the same day thinking the deal has been closed. After several days have passed by, the dealership will contact the purchaser stating that they need to return to the dealership to sign additional paperwork. In many cases, this will consist of resigning loan paperwork at a higher interest rate or a demand for paying additional “up front” monies to close the deal. Many consumers will fall for these tactics. Common methods to help guard against the tactic are to always have another adult with you when purchasing the vehicle and keeping copies of all of the financing and sales paperwork when leaving the dealership with the vehicle.