08-02-2012 10:45 AM - edited 08-02-2012 11:07 AM
When I bought my car - the dealer showed me "something" that looked like a credit report and said my scores were very low (like 380-400).
I explained to him that there must be an issue with his system as I pulled out my FICO scores which were in the 600s at the time. Once I showed him my scores, his report just disappeared and was never mentioned again.
I believe this is a common ploy dealerships use to sell a vehicle at a higher interest rate which means more profit for them.
It is a common play used by shady dealerships, not all dealerships. If you encounter this ever you NEED to walk away. You cannot trust a dealership using such tactics. This is especially true if you are purchasing a used vehicle. How do you know they spent any effort making sure that car is not a lemon, salvaged etc? Not to mention the fact they probably would not spend the money to get the car properly inspected or do any maintenance on it.
There is many good dealerships out there. Find them and reward them with your business.
If you are seriously interested in buying a car it pays to be an educated consumer. Pull all your reports. Dispute any negatives/issue on your report. Once you get everything cleared then pull again and go shopping.
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