Thursday, October 01, 2009

8 Ways Car Dealers Make Money Off of You

Mr and Mrs Plugged in Finance will likely be buying a new or used car between this December and next Spring. The newer car will be purchased to replace our 1998 Acura CL. I typically do car research at:

Edmunds Daily
Yahoo Cars

Tonight, I came across a great article with a title similar to that of this post. In summary, car dealers make money off of you in the following ways:

(1.) Mark-up
(2.) Hold back and advertising
(3.) Undervaluing a trade-in
(4.) 4 Pack
(5.) Customer service fee
(6.) Bump-stickers
(7.) Service contract
(8.) Holding points of rate

Click here for the full article.

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