COMMENT on FTC RULES HERE:
SUGGESTED COMMENT BELOW
You can also search “FTC Docket (FTC-2022-0046)”
SUBSCRIBE ON YOUTUBE #Car #dealership #cars #usedcars #carsforsale #TheHomeworkGuy THE BEST CAR BUYING ADVICE YOU CAN FIND is published by The Homework Guy Team (THG)! We’re the team of Auto Experts, Finance Gurus, and Car Pricing Strategists that well over 45 Million Car Buyers have come to know and trust.
VISIT OUR WEBSITE:
WANT TO LEAVE A TIP FOR THE HOMEWORK GUY TEAM?
WE THANK YOU IN ADVANCE! WE APPRECIATE YOU SUPPORTING OUR MISSION!
JOIN US ON OTHER SOCIAL MEDIA!
GET AWESOME (THG) HOMEWORKGUY MERCHANDISE AND SHOW CAR DEALERSHIPS YOU ARE IN CONTROL OF YOUR NEXT CAR DEAL!
With Titles like 11 Fake Fees, to Don’t Say I’m Paying Cash at Car dealerships, and Car Shortage Crisis, and Car Dealer Says Bring the Car Back!… The Homework Guy Team publishes videos to help Car Buyers. Then we added Cash Buyer Negotiations, and Held Hostage at a Car Dealership, No Haggle One Price Car Dealerships, How Much do Used Car Dealers Pay for Cars?, 10 Things You Should Not Say to Car dealerships, and the Costco Auto Program. We hit all the topics, and we represent Car Buyers, a goal that’s often in direct conflict with Car Dealer goals.
SUGGESTED COMMENT FOR FTC SITE:
The Homework Guy and JD Tomlinson say it best:
Automotive dealership advertising is ridiculously deceptive. Advertised prices often assume a trade-in credit, a finance credit, or maybe some sort of incentive or rebate that usually doesn’t apply. The advertised prices will also not include a ridiculously high amount of add-on’s such as dealer fees, prep fees, market adjustment fees, and/or reconditioning fees. These fees add up to thousands of dollars that are typically NEVER disclosed to the consumer. It’s become a joke.
Most dealerships will not disclose these costs until a customer is on the property, or more often when the customer is sitting in finance ready to sign paperwork. Then the buyer is told, “This is what we charge everybody.” or “it’s already on the car, we can’t take it off.” There is no way for any consumer to actually shop for competitive pricing and compare “apples to apples”.
Furthermore, dealerships will also add in extended service contracts, wheel or rust protection, paint protection, etc.. without telling the customer. They will also add things like a “power pack” or a “bonus pack”, which would include items such as pinstripes, wheel locks, mud flaps, etc… These items will show on an addendum window sticker and my cost the customer thousands of dollars for products that should cost a couple hundred. The dealership will refuse to take off any of these “add-ons”.
Selling cars to the general public has been reduced to a contest of which dealership can effectively lie the best. Thousdands of buyers from all around the country testify to this on The Homework Guy channel. In our current environment, even the most savvy customers are intentionally confused and deceived. It is a terribly unfriendly and unfair marketplace.
I fully support the FTC in passing these regulations. Implement the rule Changes, and PLEASE ignore the attacks from NADA.
THG CATEGORIES: cars, truck, van, suv, auto, new cars, used cars, autos, mechanics, automobile, vehicle, dealer, automotive news, auto shop, service plans, extended warranty.
LEADING CAR BRANDS (MANUFACTURERS) WE COVER IN THE US: Ford, Toyota, Chevrolet, Honda, Nissan, Jeep, Ram, Dodge, Hyundai, Subaru, Kia, GMC, Mercedes-Benz, Volkswagen, Tesla, BMW.
#PersonalFinance #Investment #Dealerships