Summer is one of the busiest car buying seasons but before you make a purchase at one of the many dealerships in the triangle familiarize yourself with dealer fees.
“You go through a lot of work to find the car you want and you get down this road where you end up with no choices other than to walk away from that car and starting over.” Harvey Kent, Car Buyer
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Some dealers charge more in fees than others? It can happen with the document fee that’s often charged to process the title and registration in your name.
(SOT: Jon Linkov, Consumer Reports)“So, one dealer can charge you $399. Another dealer with the same vehicle can charge you $699. You could always negotiate and say another dealer is charging me less.”
STANDUP: Then there’s the destination fee—the cost to deliver your car to the dealership and get it ready for you to drive home, which should include a tank of gas or full electric charge.We want you to watch out for this one… Consumer Reports says watch out: some dealers try to charge you twice for it.
(SOT: Jon Linkov)“You may see something called vehicle prep or delivery prep tacked onto your car charge. Never pay that. The dealer here is just trying to double charge you, get extra money to do the exact work that they’re supposed to do in the destination charge.”
TRACK 3:When it comes to VIN etching, you don’t need it because the number is already in several places on newer cars. These days, don’t be surprised to see a new fee called a market adjustment. The reason? The dealer is taking advantage of low inventory or the popularity of a specific model. CR says you can ask the dealer to remove it—but many won’t because of the law of supply and demand. -- So think long and hard before paying it.
(SOT: Jon Linkov)“You’re never going to get that money back when you go to trade the car in or sell it
KEELY ARTHUR: And what about extended warranties? Most new cars already come with decent factory-backed protection, so you probably don’t need it -- Just be sure to read the terms and conditionsKeelyarthur 5oys
Consumer Reports also says nitrogen-filled tires, rustproofing, paintsealing, and fabric protection are all unnecessary.