When you apply for financing through a dealer, they shop your application to several lenders and get to see what rates you qualify for. (See: How to Obtain Your Credit Score for Free) To prevent this, make sure you check your credit score and get your free credit report. When the dealer presents a loan with a high interest rate, you're more likely to take it, not realizing that you just gave the dealer thousands of dollars in extra interest payments that weren't necessary. After they do a credit check, they don't have to reveal what your score is, they can just tell you that you won't qualify for competitive financing rates.Īt this point, most car buyers are desperate and think they won't get financed. If you go to a dealership without knowing this and you're going to rely on them to get you an auto loan, you're just dying to be ripped off.Īll it takes is for the dealer to lie to you about your credit score. Some dealers rely on the fact that many car shoppers don't know their own credit score. The way to prevent this is to arrange your own financing - don't just rely on the dealer, they're not looking after your best interests. If you have bad credit and this happens, you can rest assured it was a scam all along. There are times when financing legitimately falls through, but these are rare and no dealer should allow you to take a car home in the first place unless they are 100% sure you will be approved. Either way, you end up paying a lot more than you expected and the dealer makes a nice, fat profit. When you're back at the dealership, they will pressure you into signing a loan with a higher interest rate, larger down payment, or both. This is when the dealer arranges the financing, let's you take the car home, then calls you up several days later telling you the financing fell through and that you need to bring the car back. (See: Packed Payments Scam for more details) A monthly increase of only $33 over a 60 month loan will cost you $2,000.Īn easy way to avoid this scam is to arrange your own financing before going to the dealership. This is the most common car financing scam and it works on the premise that most car shoppers focus only on the monthly payment instead of the actual price of the vehicle.ĭealers will increase the car payment by including (or packing) products and services that you didn't ask for into the loan, such as extended warranties and GAP insurance. Here's how dealers typically screw over car buyers: Since they're middlemen, they get a piece of the pie. They simply arrange financing using their relationships with banks, financing companies, and in some cases their manufacturer's captive finance company. What most people don't realize is that dealers do not finance the car loans. They know most car buyers don't take time to research financing options so they are likely to pass hidden fees into the car loan without anyone making a fuss. This is a huge mistake that dealers easily take advantage of. It's becoming difficult to be treated seriously when I go in because they have seen me so many times.It's surprising how many car buyers don't take the time to shop for car financing before going to the dealership. Is this concerning? I am afraid to go into the er again as honestly they treat me like I'm crying wolf every time I go now. I'm also noticing at times the headache becomes severe almost like a bolt of lightning is hitting the base of my neck through to my forehead. Also my heart feels like it's racing when I have these lightheaded dizzy spells. Now, I'm not complaining as much usual headache is usually much worse, but this one is making me quite lightheaded at times. This weird feeling headache, it's kinda a sharp nausea inducing kind of pain is still lingering. I am hoping to gain some insight on what is normal afterwards vs what I should be concerned about. The reason I am posting is I have noticed you guys seem to have a lot of knowledge about the lumbar puncture process. Went from a feeling like my head was going to pop to more of a raw kind of headache if that makes any sense. I didn't realize how cloudy my vision was until suddenly things were clear again. The Dr said my pressure was elevated slightly, not high enough for a IIH diagnosis though he did remove extra fluid in an attempt to give me some relief. All tests are normal, but had my first lumbar puncture yesterday. I also have decreased hearing and when the headache hits the worst I hear my heartbeat but muffled. It always there in some degree and I've slowly learned to live with it. I have had a really terrible headache for about a year now. Hi everyone, I have lurked on here for a few weeks now.
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