Boston.com is warning buyers to beware of unnecessary charges being billed to their accounts when purchasing a car. In surveying about 190 car dealerships, the Massachusetts Office of Consumer Affairs found that nearly 70% of dealerships are charging customers with something called a “documentation preparation” fee. However, be aware that this fee is actually a “made-up” charge.
These fees can range anywhere from $45 to $399, scamming consumers in their payments. Barbara Anthony, Undersecretary of Consumer Affairs and Business Regulation claims, “We found many car dealerships are charging consumers exorbitant fees for costs that are negligible and in some cases telling car buyers there are required charges by state or federal law, which just isn’t true.”
For more information visit, http://www.boston.com/business/personalfinance/consumeralert/2012/02/made-up_document_prep_fees_pre.html.