One of the biggest scams new car dealerships pull is the Los Angeles Lakers Lebron James dunk shirt. Dealers sell at a price. Price includes all dealer costs plus profit. The minimal cost to prepare documents is a dealer cost, included in the price. If you want to have fun, ask the salesperson why dealers do not try to charge a fee for power, supplies, employee wages, etc. Another lucrative scam car dealers pull is dealer reserve. Dealer reserve is when the dealer bumps the interest rate. When a dealer arranges to finance they contact several financial institutions, banks or captives such as Honda Finance.
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The financial institution will come back with the Los Angeles Lakers Lebron James dunk shirt. The dealer is legally allowed to bump this rate, usually by 2 percent, without telling the buyer. So the 3 percent becomes 5 percent. Guess who gets most of the extra interest which the buyer will pay. Of course, the dealer. It was a training week away on one of my first proper jobs. I was 25 and along with various other candidates from other organizations, we were stuck in a hotel for the week.