I’m a former car salesman – how to protect yourself against a hidden dealership scam that’s costing drivers hundreds #car #salesman #protect #hidden #dealership #scam #costing #drivers #hundreds Welcome to Viasildes, here is the new story we have for you today:
DRIVERS searching for a lease might look at a dealership’s agreement with discounts and think they’re getting a good deal.
But there’s more than meets the eye when analyzing a lease’s offer sheet.
Deshone explaining why lease offers can be misleadingCredit: TikTok/@deshonetheautoadvisor
Former car salesman Deshone posted a TikTok explaining how dealerships are scamming customers through lease agreements and tips to avoid becoming a victim.
Deshone begins highlighting dealerships’ new scam by comparing two lease offer sheets side-by-side.
The first lease outline that Deshone evaluates is for a $33,964 Hyundai Sonata model.
Deshone says that some of his audience will examine this 2021 Sonata’s lease offer and think they’re getting a good deal since their agreement lists a $1,000 rebate.
The driver of this first lease offer would pay $437 monthly if they put $4,000 down.
Deshone’s second lease offer is for the same model — but from a different dealership.
Discounts within Deshone’s second lease offer include $100 off and a $1,000 rebate, bringing the car’s price to $33,949.
Deshone’s two leases appear similar, but when a driver puts $4,000 down on the second lease, they’ll pay $49 less per month.
This former car salesman says these two financing agreements generate different monthly prices since dealerships can hide costs within a lease’s offer.
Deshone notes: “seeing is not believing when it comes to leasing.”
You can avoid hidden lease costs by shopping for multiple offers that you’ll be able to compare.
Deshone says the key to finding the best deal is having multiple leasing options and more than one offer on a car model.
You’ll be able to acquire multiple lease options more efficiently if you’re shopping at home online.
In a separate post, this former car salesman said: “You’re not walking [into] to these dealers.
Deshone illustrates how two lease prices can be almost identical while one agreement’s monthly payment is much lowerCredit: TikTok/@deshonetheautoadvisor
“You’re using online tools. You’re emailing, talking to them [dealerships] by phone; you are not letting people get you inside the dealership.”
Deshone says that almost every dealership dollar is made inside of the dealership.