If you've ever been on the market for a used car or negotiated pay for job, you know there are things to look out for during a business deal. While it probably won't help you to go in to a negotiation with a completely pessimistic and guarded attitude, it is important to be aware of sneaky business tricks used to pressure you into making a deal with which you aren't comfortable.
These business tricks aren't your over-the-top ponzi schemes or money order scams, either. They are much more discrete, and sometimes even the most experienced folks can fall for them. The good people of Reddit have come together to warn others of various dirty business tricks used against them.
Beware Of Buy Here Pay Here
From Redditor /u/mostlymoister:
Buying a car from a 'buy here, pay here' dealership. You put $500 or $1,000 down they say you are approved and you drive the car home. Two days later, the dealership calls and says that they couldn't get you financed at that down payment and interest rate so we need an additional $2500 down and your interest rate doubles. If you don't have the extra money they take the car and your original down payment.
Contractors Tried To Get Paid Twice
From Redditor /u/mymusekilleditself:
When my grandmother was in the hospital, her landscaper and handyman both contacted me to tell me she hadn't paid them and they'd been trying to to reach her and on and on. I'd already paid both bills from her account and when I questioned them, they remembered real quick.
Not Sending Your Credit Card Statement
From Redditor /u/quietman85:
I worked in the collections department of Discover Card for a while. One thing they did (maybe still do), to lure customers to them is offer 0% APR for the first year. People would jump on this and transfer all their debt onto their new Discover Card, and then the company would 'conveniently' not send the first month's bill. In the fine print of the agreement, it states that if you miss even one payment in that first year, your APR will jump to 29.95%.
Half of my calls were to these new customers who would then proceed to throw a fit, because they didn't ever get the bill, and I had to explain to them that it was their job to know when the bill was due, and sending one was just a courtesy extended by the company. I hated hated hated that job. It ate away at my soul.
'Accidentally' Adding Something To Your Order
From Redditor /u/Kingtycoon:
An older fellow I know had a bodega and he'd put a can of cream corn on the counter by the register. This was some time ago, so the can had a price tag of $.17. He sold that can of cream corn to everyone who bought anything there. If they realized they were paying too much he'd just say he thought that was their can of corn. Most people didn't notice though, and he sold that same can of cream corn maybe twenty times a day.