If you’re looking for a new car, then you’re in luck: now has never been a better time to purchase a new vehicle, as bankrupt automakers are looking to move their extra inventory off of the lot. Nevertheless, it’s a buyer’s market out there! If you’re looking to choose a new vehicle with car credit, however, you’ll need to be wary of the many “deals” that are out there today.

However, like with most shopping, it’s important to look out for these “too good to be true” deals, which often might not be the best option for you, especially if you’re looking to finance your purchase. Here are the deals you’re likely to see, and why you should avoid them at all costs:

Buy One, Get One Free. So what’s the deal with this deal? By purchasing one vehicle, dealers will throw in another for free. It might be a great option for those larger families who could use the second car; however, be careful before you sign the contract. You won’t get a choice in the second car, and dealers are likely to force a large SUV onto you, which is one of the most unpopular cars on the market. Additionally, that second car isn’t exactly free: dealers will tack on hidden fees to ensure that they’re getting something for their troubles. If you’re buying that first vehicle with car credit, you’ll be stuck with a loan at a higher interest rate to cover the hidden costs of your “free” second car.

Low Interest Car Credit Loans. It’s no secret that dealers are starting to get desperate – and many of them are offering car credit loans at next-to-nothing rates. Does this sound great to you? Before you put on your shoes to head to that dealership, you need to possess perfect credit in order to take advantage of these rates. Besides, many of these loans are only available for certain car models, which means that your ideal car might not be covered by these low-interest car credit loans. To get the best deal on your car credit, be sure to get competitive loans from a third-party lender before approaching the dealership for financing. This way, you can ensure that you’re getting the best deal on your car credit!

Purchase A Car Today. Many dealers are promising customers that their car credit loans will be approved on the spot, meaning that they can drive away with a car that day. Yet if you take a closer look at the fine print, you’ll see that the terms of the loans are subject to change – and you might see your interest rates skyrocket just a few days later.

To avoid this sneaky trap, be sure to get another loan offer from a third-party lender before you approach your dealership for car credit financing. Don’t forget: never let your dealer know that you’re looking to drive off of the lot with your dream car. You want to have all of the power in your negotiations!