How Dealerships Hide Profits
When it comes to buying or leasing a car, it’s no secret that dealerships are always looking to maximize their profits. However, what many people don’t realize is just how sneaky some dealerships can be when it comes to getting you to pay more than you should.
One common tactic that dealerships use is known as “packing the rate.” This is where they will show you a price that you agree on, but then on the back end, they have deals with the banks that allow them to get a few percent off the loan of the car. This can result in you paying more in interest on your lease or loan than you were initially led to believe.
This happens in lease deals as well, where every bank has a set “money factor.” Dealerships can raise this money factor and charge you more interest on your lease while showing you a discount on the contract, leading you to believe that you are getting a better deal than you actually are.
Another way that dealerships can be sneaky is by holding back rebates or incentives that you may not know about. These rebates and incentives are often offered by banks and manufacturers to bring down the cost of the vehicle for consumers, but some dealerships will keep them to themselves in order to maximize their own profits.
At LeaseMax, we know all of the tricks of the trade, and we work to ensure that our clients never overpay for their vehicles. Our LeaseMax deal sheet applies all of the rebates and incentives that are available to your deal, so you can rest assured that you are getting the best possible price.
Don’t let sneaky dealerships take advantage of you – arm yourself with the knowledge and resources you need to get the best deal possible on your next car. Contact LeaseMax today and let us help you get behind the wheel of your dream car without breaking the bank.