During the purchase or lease process automobile dealerships use numerous schemes to increase profits defraud consumers. Some of the most common scams include:
- altering the contract terms and forging signatures;
- failure to disclose the discounts in advertising and not disclosing important limitations;
- adding amounts owed on trade-in vehicles to a purchase or lease contract without informing the consumer; and
- inflating quotes of monthly payments and then selling extras and add-ons (service contracts, paint sealant, alarms, etc.) as if they were part of the deal.
It is very difficult for consumers to realize they’ve been defrauded as these schemes are often complex and complicated.
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