Michigan Joins List Of Tesla-Hating States; Bans Direct Sales Of Cars

Michigan Joins List Of Tesla-Hating States; Bans Direct Sales Of Cars

Even though only a few dozen Teslas have been sold to people in Michigan, and even though the electric vehicle maker has no storefront display operations in the state, the home of America’s auto industry has decided it needed to pass a law actually banning carmakers from selling automobiles to Michigan consumers without first going through a franchised dealership. [More]

It’s Against The Law For Car Dealers To Not Give Consumers All Relevant Info About Deals

It’s Against The Law For Car Dealers To Not Give Consumers All Relevant Info About Deals

Take a look at the ad to the left promising $12,000 off MSRP for a 2013 Ford F-150. That’s a heck of an offer for a truck that starts at around $24,000. But what you don’t see — and what you don’t find out until you try to buy the vehicle — is that the discount only applies to the $47,000 F-150 Lariat version, so instead of getting a 50% discount on a reasonably priced new truck, you learn that it’s around a 25% savings on a high-end vehicle. [More]

Giving A Ford Dealership Bad Survey Grades Is Basically Tossing Their Employees Out On The Street

Giving A Ford Dealership Bad Survey Grades Is Basically Tossing Their Employees Out On The Street

Customer service surveys at car dealerships must be serious, serious business. That’s the only conclusion I can draw from Bob’s story about being bullied by the Ford dealership where he bought his Fiesta. They called him up to say that if he planned to rate his (unsatisfactory) service experience as anything but satisfactory, he would be hurting the dealership and practically stealing money out of employees’ pockets and yanking food out of their kids’ mouths. If he didn’t say nice things, the service manager insinuated, the dealership might decide not to service his car at all. [More]

Private Equity Bets Big Bucks On "Buy Here Pay Here" Dealerships

Private Equity Bets Big Bucks On "Buy Here Pay Here" Dealerships

In the second of a three-part series on “Buy Here Pay Here” dealerships, used car lots that target subprime borrowers with easy credit and triple the national average interest rates, the Los Angeles Times looks at how private equity firms have flocked towards the growing industry, lured by 38% margins. [More]

"Buy Here Pay Here" Dealerships Investigated

"Buy Here Pay Here" Dealerships Investigated

The Los Angeles Times has an excellent investigation into the national “Buy Here Pay Here” auto dealership phenomenon. These used car sellers purposefully target bad credit borrowers and offer them what no one else will: the chance to buy a car on credit. All they have to do is agree to 20-30% interest rates, a price well above the car’s Blue Book Value, and aggressive repo practices if they fail to pay up. But it’s not a big deal if they don’t. Borrower failure is baked into the business plan. [More]

Economy: Used Car Dealer Becomes Used Horse Dealer Too

Economy: Used Car Dealer Becomes Used Horse Dealer Too

With the economy in the dumps, used car dealers are having to get creative with the trade-ins. There’s long been used car dealers advertising they’ll take any trade that’s “push, pulled, or dragged.” One dealership is adding trots to that phrase, as they’re now accepting horses. [More]

Car Experiences Top List Of 10 Biggest Consumer Complaints

Car Experiences Top List Of 10 Biggest Consumer Complaints

No wonder car salesmen get a bad rap: it’s very much deserved! At least that’s according to a new report by the Consumer Federation of America of the top 10 consumer complaints. “Misrepresentations in advertising or sales of new and used cars, lemons, faulty repairs, leasing and towing disputes,” top the list. It’s almost enough to make you want to switch to a velocipede! [More]

Should It Have To Be Disclosed If A Used Car Was Smoked In?

Should It Have To Be Disclosed If A Used Car Was Smoked In?

You get into the seats, place your hands on the wheel and sniff. That’s not new car smell you’re getting, but the faint notes of incinerated tobacco leaves. Perhaps they’re peaking out from a cloying cloud of freshener, like a bra strap from a tank top. Dangit. You thought you found a good contender and wasted all this time to come out and check the car out, and now it turns out someone used to smoke in it. Reader Ethan wonders if this isn’t something that dealers should have to disclose, or at least something that should show up on CarFax. [More]

Upset At Being Sold A Lemon, Man Crashes It Into Six Cars At Dealership

Upset At Being Sold A Lemon, Man Crashes It Into Six Cars At Dealership

A man who upset over getting sold a lemon by a dealership decided to vent his rage in an unusual fashion. After the salesman wouldn’t accept a return, the man waited until midnight and then drove back to the dealership. Then he revved the engine and began smashing it into the cars on the lot. [More]

The Hidden Fee That's Adding Thousands To Price Of Your New Car

The Hidden Fee That's Adding Thousands To Price Of Your New Car

You’re not supposed to know about it. It’s a secret fee that dealerships across the country are charging customers, that can add thousands to the cost of their car. KHOU got their hands on insider documents provided to them by a former dealership worker that shows how it works. [More]

Honda Spokesman Gets Screwed By Honda Dealer

Honda Spokesman Gets Screwed By Honda Dealer

An actor who pitches Honda cars in their ads says he got screwed over by a Honda dealership when he tried to get the very same deal he helps sell on TV. [More]

Buy Your First Car

Buy Your First Car

Never bought a car before? Here’s a good guide that covers the basics, from going into the dealership with your price beforehand, the importance of doing all your researcher and resources for doing so, and the best tactic of all: always be prepared to walk away from a bad deal. [More]

Dealership Sells Car To Elderly Man With Dementia, Who Then Dies After High-Speed Chase

Dealership Sells Car To Elderly Man With Dementia, Who Then Dies After High-Speed Chase

Police are seeking criminal charges against two car salesmen who sold a 67-year-old wheelchair-bound man with dementia a new truck. He died later that day after suffering a heart attack, following a high-speed chase with police in his new vehicle. [More]

Buy A Truck, Get A Free AK-47

Buy A Truck, Get A Free AK-47

A used truck dealer in Florida, birthplace of dreams, is offering an interesting promotion. Buy a truck and get an assault rifle thrown in the back for free. [More]

Used SUVs & Trucks Costing More Than New Ones

Used SUVs & Trucks Costing More Than New Ones

In a counter-intuitive turn of events, the way the market is now, a used SUV can end up costing more than a new one. [More]

Shady Car Dealers Price Loans More Than What Bank Will Take So You Love Them When It's Reduced

Shady Car Dealers Price Loans More Than What Bank Will Take So You Love Them When It's Reduced

A former manager of a car dealership knows exactly how sneaky those sons of guns can be. One of their favorite tricks involved knowingly pricing out the monthly payments at $100 above what the bank computers would let buyer afford, and then acting like they’re your best friend for getting it lowered $100. [More]

Auto Dealers Win Exemption From Financial Protection Bureau Oversight

Auto Dealers Win Exemption From Financial Protection Bureau Oversight

Some shady auto dealers are known to fake financial docs to get customers approved for loans they can’t afford. They refer to senior citizens as “people with oxygen tanks” and even straight up steal money from their ATM account. So, good thing that they can afford good lobbyists, because in the final hours they succeeded in making it so the new Consumer Financial Protection Bureau doesn’t apply to them. [More]

Outsource Used Car Haggling To Pros At Carsala

Outsource Used Car Haggling To Pros At Carsala

For those without the temperament or time to engage in the scrum that is negotiating with a used car dealer, Carsala will do it for you. The site boasts a team of professional negotiators who will contact an average of twenty dealers and work to get you the best price possible. No more getting befuddled by the Four-Square or “Oh, I’m sorry, I really want to make this work but my manager in the back will only agree to…” The pros at Carsala charge a commission of 20% of the difference between Blue Book value and the final price. And, unlike some other car shopping sites, they don’t take kickbacks. Handy! Or you can just use their free tools to check out how a price you’re quoted compares to others in the area, and whether the car you want really fits your budget. [More]