What to Avoid
Don't allow yourself to be a victim of a scam or extremely unreasonable policy simply because you lacked the understanding of Secure auto finance plans to realize it. By reading over the information given to you below, you will avoid being scammed into a bad Secure auto finance policy.
If You Are Trading, Know the Price of Your Car
If you are getting a Secure auto finance plan in which you are trading in your old car for a new one and then making existing payments on the new purchase, be sure that you do the research on your own to determine an accurate selling price of your old car. Don't let the dealer make their own price without you being aware of what your car should be going for. You can get the information you need regarding how much your present vehicle is worth by looking through the Kelley Blue book or asking a certified pre-owned car dealer.
Take Your Rebates by Check
If you are getting a Secure auto finance plan that is allowing you to get rebates, make sure that you get the rebate checks and do not let the company attach the rebate to a payment you would have made. There is more of chance of there being a mistake if the company simply applies the rebate money on their own than if they were to pay you directly for the rebate. Also, by making sure the company pays you the rebate directly, you can be certain that you do indeed get the allotted money that you should. Without direct payment, it can be hard to keep track of whether you received the right amount or not.
Make Sure There Is No Additional Markups
One of the most common ways that people end up finding themselves being scammed when it comes to auto financing is for the dealer to add additional costs after the plan is made. Such additional costs, like paint sealers and window tinting, may be added without your knowledge and thus you end up paying for something you did not know was not included. Therefore, when you are getting a Secure auto finance plan, make sure all of the things that you have requested of the vehicle are already included in the price and are not additional markup fees added later. If you have any questions, please check out our Frequently Asked Questions page.