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Why you should never buy an electric car online except from a dealership

Why you should never buy an electric car online except from a dealership

You've heard of people buying cars and homes online and figured if they can do it, why not me? I mean, who wants to go through the actual process of going to a dealership and buying a car?

The primary reason that people are reluctant to buy a car, house, or anything massive in person is the risk of rejection.

You get your hopes up and envision yourself behind the wheel of a new car, only to have those dreams dashed because of a credit issue from your wild and carefree days at university.

There are many risks that come with buying cars online.

Our London car loans team are going to make the case of why you should buy your new car from a local dealership.

Scams galore

There is a vast array of scams available, more scams than Jim Browning can shake a stick at. What scammers do is try to collect your personal information so they can sell it to other criminals who can steal your identity.

The way these websites work is by asking you for some basic personal information like date of birth, mother's maiden name, and your social insurance number.

The rationale for asking these questions is for security, but these criminals need those details in order to assume your identity.

To protect yourself from that scam, just don't bother visiting those websites, and you will be ahead of the game.

Bait and switch car

You may see an electric car advertised online at a price that is too good to be true.

When you reach out to the seller, they say that the car is still available, but it is first-come, first-served, but they like you and will "hold" the car for you, but you must e-transfer a deposit to show you are serious.

You really want the car and send the transfer; once the funds reach the seller, you never hear from them again.

This scam is happening all of the time, and the only way you can protect yourself is to not try to secure any type of auto financing online, no matter how good the deal may seem.

Why you should buy from a local dealership

We are going to touch on some of the primary reasons you should buy from a local dealership; this list is not all-inclusive but will provide you with a strong enough justification.

  • The dealership is licensed, bonded, and has been serving the community for years. This type of credibility is something you cannot deny. People have been going to the local dealership for years, so there is no reason to believe the dealership will not be able to meet your needs.
  • The dealership can secure financing for you, which is something that every Canadian need. No one has the ability to buy a new car with the cash they have saved up; the fact the dealership is able to get you approved for a car loan should be a strong enough reason for you to visit them ASAP.

If you are still reading this, stop reading and head over to your local dealership today.

When you’re ready for a car lease or loan, get in touch with the London auto loan experts at Northway Ford for great deals on auto finance.

Categories: Car Loan

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