(WMC-TV) - Don't secure auto financing or negotiate a car deal until you've added this to your file: http://files.wmctv.com/2011/fightingautofraud.pdf.
Not only does it offer detailed tips on making the deal and securing the loan, but it also reveals the blow-by-blow of the more common auto sales scams -- and how to fight them.
* YO-YO FINANCING (also called the SPOT DELIVERY)
* DEALER KICK-BACKS FROM LENDERS
"Some of the newer scams that are going on in the car market in Memphis," said Kevin Snider, founding attorney of Snider & Horner in Germantown, TN (www.kevinsnider.com) and a certified fraud examiner. "(Scams like) deal-packaging, financing schemes in particular with zero-percent interest. Be careful with these great deals because a lot of times, a great deal is not what it seems."