Published: January 24, 2012
Edmunds.com Advises Military Personnel to Watch out for Deceptive Car Sales Practices
SANTA MONICA, Calif. - (BUSINESS WIRE) - Edmunds.com, the premier online resource for automotive information,
reports that members of the U.S. military are particularly vulnerable to
deceptive practices by unscrupulous car salespeople.
Trained to respect authoritative figures and say "yes, sir!" or "yes,
ma'am" in response to direction, service members are at unique risk in a
high-pressure sales environment.
Edmunds.com Senior Consumer Advice Editor Philip Reed warns that crafty
salespeople may even demonstrate patriotism just to lower resistance to
a sales pitch.
"Consider the case of a 30-year-old Air Force Reserve staff sergeant
near Salt Lake City, who was told by a car salesman that since the
sergeant had served his country, the dealership would 'take care of
him,'" reports Reed in his advisory piece, "Star-Spangled
Rip-Off: Why Military Car Buyers Are Vulnerable to Bad Deals." "The
salesman then said that he needed a credit card number so that he could
give the sergeant a price quote on a 2009
Infiniti G37x coupe. Instead, the dealership charged the sergeant
$1,000, told him he owned the car and tried to pressure him into signing
the contract. After the sergeant filed a formal complaint with the Utah
Division of Consumer Protection and threatened legal action, the
dealership removed the charges."
Experts say that this is just one of many tactics used to fleece young
service members, who can be easy marks when they have accumulated
paychecks and an urgent need for a new
car. Enough cases have been reported across the country to drive the
creation of the Office of Servicemember Affairs, a new agency within the
Consumer Financial Protection Bureau, to provide information and support
to military members about car-buying and other major purchases.
While warning service members of the risks, Edmunds.com also reminds
them of their advantages in the car-buying process. Most automakers, for
example, offer a cash
rebate - typically $500 - to shoppers in the military, and some
dealers offer programs for service members beyond the standard incentive.
To avoid expensive missteps when buying a car, members of the military -
as well as civilians - should take the following steps:
1. Conduct target-price reconnaissance. Set realistic price
expectations by checking Edmunds.com's
True Market Value (TMV®) pricing for new,
used and certified pre-owned cars. Edmunds.com's mobile site is easily
accessed at the dealership, should you become interested in a car that
you haven't fully researched before leaving the house. It's also smart
to check local classified listings to accurately gauge the asking price
of cars.
2. Plan for the total cost of a car. Don't overlook other costs
of owning and operating a vehicle that kick in after the final deal is
made. These include gas, registration, insurance and maintenance, and
can differ greatly from model to model. Edmunds.com's True
Cost to Own provides a free estimate of five-year
ownership costs that gives consumers the ability to easily compare the
vehicles on their shopping lists.
3. Be prepared to negotiate with your feet. Car salesmen create a
sense of urgency, telling a buyer that someone else will take his dream
car if he hesitates. There will always be another opportunity. Don't be
afraid to walk away without a deal.
4. Get good intel. Check the dealership's rating on a Better
Business Bureau Web site and read consumer reviews of dealerships at http://www.edmunds.com/dealerships/.
If the shop gets a top grade, you still have to consider all elements of
the deal, but at least you know that other shoppers have successfully
navigated the buying process to their satisfaction there.
5. Strategize before you make a move. Don't enter into
negotiations right after a test drive. Instead, contact local
dealerships' Internet department managers for price
quotes. Internet departments tend not to create a high-pressure
sales environment.
6. Know the rules of engagement. When you sign a car sales
contract, you are legally obligated to make all the payments. Unlike
many other large purchases, there is no "cooling-off period" when you
buy a car. It's not a bad idea to sleep on your purchase decision before
you sign the paperwork.
7. Call for back-up. For live advice and support, Tweet
car-shopping questions to https://twitter.com/#!/edmundslive
weekdays from 9AM-5PM Pacific.
Additional tips can be found in Edmunds.com's Guide for First-Time New
Car Buyers at http://www.edmunds.com/car-buying/first-time-new-car-buyer-guide.html.
More detailed advice for U.S. servicemen and servicewomen in the market
for a new car or truck is available in Edmunds.com's "Boot Camp for
Military Car Buyers" at http://www.edmunds.com/car-buying/boot-camp-for-military-car-buyers.html.
About Edmunds.com, Inc. (http://www.edmunds.com/help/about/index.html)
Edmunds.com, the premier online resource for automotive information,
launched in 1995 as the first automotive information Web site. Its
revered mobile site, Android
App and five-star iPhone
app makes car pricing and other research tools available for car
shoppers at dealerships and on the go. Its automotive enthusiast Web
site, InsideLine.com,
is the most-read car publication of its kind. Its highly regarded mobile
site and iPhone
app features the wireless Web's most comprehensive gallery of
automotive photos and videos. Edmunds.com Inc. is headquartered in Santa
Monica, California, and maintains a satellite office in suburban
Detroit. Follow Edmunds.com on Twitter@edmunds
and fan Edmunds.com on Facebook at http://www.facebook.com/edmunds.

Edmunds.com Corporate Communications
Jeannine Fallon/Aaron Lewis
www.Edmunds.com
Media
Hotline: 310-309-4900
pr@edmunds.com
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