Should I let a car dealership run my credit?
Should I let a car dealership run my credit?
Credit-Protection Checklist If you are using outside financing from your bank or credit union, the dealer is not required to run your credit report. But keep in mind that the dealership usually offers access to the best finance rates for qualified buyers. To get those rates, a credit report is required.
Can a car dealership run your credit over the phone?
If you have very good to excellent credit, getting a quick approval over the phone shouldn’t be a problem. However, if your credit is less than perfect, it will probably be necessary to meet with a finance manager at a dealership in order to be approved for financing.
How do I not get scammed by a car dealership?
How to avoid car dealer scams
- Get pre-approved for a car loan before you step on the lot. This can save you a bundle.
- Do some research before going to the dealership.
- Don’t negotiate based on monthly payments.
- Don’t allow your trade-in to influence your new car’s cost.
- Be willing to walk away.
Can a dealership sell you a car with a bad transmission?
Obviously your car dealer just sold you a car with a bad transmission, so the answer is “yes.” The question you want to ask is, “if a car dealer sells me a car with a bad transmission, can I do anything?” And the…
How do I sue a car dealer for misrepresentation?
If you believe you have been the victim of auto dealer fraud by way of misrepresentation, you may very well be able to file a lawsuit. Some states will require you to contact the dealer first to give them the opportunity to correct the matter or to speak with a state consumer protection agency.
Can a dealership sell you a lemon?
Your dealer could have lied to you by selling you a ‘lemon car’ or by not disclosing any accident or damage done to the car. In either case, you can sue your dealer for selling you a bad car or one with structural damage to the car.
Is it OK to buy a lemon car?
That doesn’t mean it’s not worth buying. But since a car has that lemon label, it will have a seriously hindered resale value. You can use this as a bargaining chip to get a lower price on the vehicle.
How can you tell if a car is a lemon?
In order to qualify as a lemon under most state laws, the car must:
- have a substantial defect covered by the warranty that occurred within a certain period of time or number of miles after you bought the car, and.
- not be fixed after a reasonable number of repair attempts.