7 Car Dealership Rip Offs You Should NEVER Pay For!

In this video I show you exactly what car dealership rip offs, fees, products, and services to NEVER pay for when buying a car!

This video WILL save you money.

There are legitimate fees that are incurred during a car buying process. I highlight those 3 in the beginning of this video.

The remainder of the video is here to help you avoid the ones that ARE NOT worth it.

Be sure to watch to the end of the video where I go over the Bill of Sale!

7 Car Dealership Rip Offs

1. The Documentation Fee

Ah the beloved car dealership doc fee / processing fee. This one is a huge pain in the butt for consumers because we don't feel like it's justified most of the time.

2. Delivery Fees (Not the Destination Charge)

This is different than the Destination Charge. Make sure this doesn't come up twice.

3. Advertising Charges

This is simply a cost of doing business and shouldn't be passed onto the customer!

4. Theft Deferral Products (The ineffective ones)

Don't pay $400 for VIN Etching, please.

5. Nitrogen Tire Fill Up

LOL!!!!

6. Additional Dealer Markup

This is just stupidity unless you are rich and can afford it.

7. Accessories & Cosmetic Upgrades

Biggest dealership ripoff out there.

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ABOUT ME 👇

My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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[JuneS.Dricks]

*Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..*

[amosjsoma]

Once at a dealership in Texas, we had agreed to a number that I had to write a check for to close the deal. The next day when we went back to pick up the car, as my wife was getting ready to write the check, the price had changed. I asked the salesman what was going on and he told me there was a "Texas Inventory Tax" and that was the difference. I told him it wasn't my inventory and not my tax and he should lose it or we're walking. It's amazing how fast that tax went away. Hold your ground and be ready to walk!!

[MariaRussellC]

This is amazing. “Wealth has no shortcuts, there’re ways to attain it.”

[NiceBowser]

I don’t know why dealers don’t understand that if they’re honest, they’re gonna get far more customers and referrals than if they tack on fees and drag you thru the mud.

[flclkun]

You basically made a list of things that should be ILLEGAL to charge people for. Then we wouldn't have to deal with this crap from stealerships.

[jigsaw]

If cars were sold in WalMart or Amazon I would've bought it already. Concept of visiting a dealership stresses me out more than not having a car

[PinotNoir]

I bought a car this week and there were 2 fees that I fought that totaled over 400.00 (doc and ad fees). They tried everything from arguing to fear tactics but I stood my ground and they took them off the contract. Because they left me alone with the contract I looked up how they were overcharging me on state fees too, which they also reduced. Over 400.00 saved thanks to you Marco!! Thank you so much.

[brade]

Something to add. I've noticed that every time I buy a car, after I talk to the salesman and hash out the purchase terms they will put me on ice for like 90 minutes or so. They'll say that their busy or detailing the car, but they aren't. The reason they do this is because they know that you are excited. You're calling friends and family gushing about this great deal you got on a new car. Then you go to the finance officer and get ripped off because you're willing to agree to just about anything by then.

[SpiralDesignWorks]

I walked recently from two stealership deals when they refused to budge on their BS $799 and $899 dealer fee. Which they thru in after I had shook hands with the salesman on the deal. The managers where like whats the problem we charge everyone this. I'm like a deal is a deal, we shook hands on price X, now you want almost another grand I don't think so. I walked and found a better deal with no BS. Thanks for the videos Marko you are blowing up.

[martino]

You should create a business where you go with people to the dealer and only you do the negotiating for them. Thanks for the videos

[simoneeslien]

It’s sad that buyers are taken advantage of in so many ways, …too bad most dealerships lack integrity in their sales department.

[eugenerodriguez]

Today I went to a dealership and the “electronic doc fee” was $1, 198 & the tire/polish whatever stuff ANOTHER $1, 200. Their random fees were CRAZY and the car added up $7, 000 on top of the online price and he refused to negotiate. I walked out.

[OctaneStreet]

Who else is busting out their bill of sale right now and seeing if they paid for any of these 😅

[j.anthony]

His genuine laugh at the ridiculousness of the nitrogen tire fill up is hilarious in it self.

[mikev]

Wow just bought a car last week and almost bought the paint protection and interior protection for $1, 989😲
The salesman was trying to sell it so aggressively that it made me not want it.
Thanks for the video Marko.

[PhilSommer]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity

[Salesmanwithasleeve]

I agree with a lot of what you say here. I have been a Sales Consultant for 4 years, and we have never charged a delivery fee, ad charges, theft devices, N2, or ADM. Yes we sell accesories, at the discretion of what the customer wants... but geez, you sure are making a lot of stores blush. I can go to sleep soundly knowing we don't rip people off like that.

[johnyoung]

As a former salesman, the only things you need to cover outside of the vehicles price is tax, tags and titling/registration fees. Additionally don't fall for things like State Inspection fees over 125 for most states. Reconditioning fees are also a hidden profit for a dealership. Overall this is a fantastic video.

[SeeNBlack]

GREAT INFO!!! Just bought a car YESTERDAY, using the tips here and in your other video about why not to tell the dealer you're coming with cash. These tips helped to get the SUV we wanted at about 3500 under MSRP (with a $2k trade-in). When we go at the end of the month and pay it all off, it's going to be SOOOO

[mauihi]

Wow... I literally Iam taking my notes with me when i go to buy my car... i cannot Thank You enough. I am a woman retired senior... they never look at me as an authority... i will do this with total confidence.🤩😇. Your my car buying angel.