15,000 Car dealers can now rip you off even faster then before.
Car dealers are always looking for a faster way to get you in a good or bad car deal and HOLD YOU TO IT. No car dealer wants you to leave their lot unless you BUY RIGHT NOW!
So they are now using this sucky service called Dealertrack.com I say it should be called Carbuyertracker.com Thats what it is really doing. Tracking the car buyer not the car dealer.
There is a company called dealertrack.com that lets car dealers submit electronic credit applications to banks over the internet.
After the lender approves the car buyer's credit application, then the car dealer can begain what they call the"e-contract"
At this point the car buyer's private info such as home address, home phone number, work phone number, S, S, Numbers of all parties involved in the loan are rapidly shipped over the internet to god only knowns how many banks.
Never let any car dealer obtain your financing for you UNLESS, the CAR MAKER is offering you, a interest rate that is LOWER that what your CREDIT UNION is offering.
Finance managers at all car dealers get paid more money if they lock you in to a bad loan with a high interest rate.
Never be the car dealer's next sucker.
Remember dealertrack can and will help the car dealer LOCK YOU into a good or bad car deal in less than 20 seconds and then you are TOAST!
Jim
Sarasota, Florida
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