Forum Discussion
tinstartrvlr
Jan 07, 2018Explorer
guidry wrote:
Different prices for financing and paying cash is illegal and unethical. No getting around that tactic.
Unethical absoulutely. Illegal... ? Unless it's deliberately undisclosed, its probably all legal and hidden in the fine print.
The fine print is the holy grail in the world of sales and it certainly isn't for the consumers benefit.
The older I get the more stubborn I get. Next time I buy a truck or some such thing, I will make the salesman or finance guy sit and wait while I read every single word in every single thing they present to me. I have finally learned to absolutely not trust anything they say.
Example. Not long ago I purchased a new truck. About 1700 dollars in rebates available. Decided for the first time ever to take the rebate to use for some accessories. Finance guy says "you don't want to do that; you'll get a 1099 and have to pay taxes on the rebate". Huh? Rather than argue, I just applied it to discount the price of the truck. No big deal at that moment.
But, after some research, I discovered that the IRS doesn't consider rebates income. And the state I bought the truck has no state income tax.
So exactly who would I pay the taxes to? No one. Called the state department of revenue and they also said "huh?"
Just a way for the dealer to put the rebate in their pocket.
Completely sleazy, unethical, and perhaps illegal. But I'll never know for sure.
Probably something in the ultra fine barely visible print that makes it all ok.
Like I said, I hate BS, and the sales world couldn't be any more full of it.
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