If you've ever been in the market for a used car or negotiated pay for job, you know about the things to look out for during a business deal. While it probably won't help to go into 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. As such, the good people of Reddit have come together to warn others of various dirty business tricks they've encountered.
- 111,768 VOTES
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.
- 210,043 VOTES
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.
- 311,354 VOTES
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.
- 48,491 VOTES
Used Car Trick
From Redditor /u/000011110000:
If you're buying a used car - or any car for that matter - the check engine light should temporarily come on when you start the vehicle. If it doesn't, the dash has been tampered with to mask a potential issue.