A very bright friend of mine asked me a simple question the other day about buying a car, used or new. She asked, “How do I protect myself from being taken?”
There are many ways, unfortunately, that one can be taken in a car deal, either in a private sale or one through a dealership, even a large dealer. These larger dealerships spring up with acres of real estate next to highway off-ramps because they are profitable. They certainly don’t make money selling cars at “$100 over invoice” – believe me, there are plenty of “accounting tricks” going on.