Nowadays the auto industry and car dealers are common with scams and car fraud. If you are a potential buyer you should be armed with the knowledge about these scams, how these scams work and most important how to avoid them. Of course, there are many reputable dealers that don’t use any fraudulent means. However there are also many dealer fraud cases. This is the reason why you better be aware of most common dealer scams and ways to deal with auto fraud before you buy a car.
One of the most common auto dealer frauds is the advertising fee scam. This happens when the dealer adds in an advertising “fee” which simply becomes profit for them. The best way to avoid this scam is to simply ask the advertising “fee” to be taken off the contract.
Most victims of dealer fraud are people with bad credit. This happens because people with bad credit believe they cannot get financing. You can easily get scammed by financing your vehicle at the dealership. Avoid this scam by financing vehicle through your bank.
If you are the victim of auto fraud, you should contact a dealer fraud attorney as soon as possible.
Can a car lot sell you a salvaged vehicle “05″ for 30,000 dollars? Is a bank supposed to approve alarge amount for a salvaged vehicle?
Banks will generally not finance a salvage vehicle. Unless the bank in your case does, I am guessing the dealership may have forged some documents and consealed the vehicle’s salvage title. As for the dealership selling you a salvage vehicle – they can sell you any vehicle for any price as long as they disclose the material conditions (ie if they told you the vehicle was salvage then the deal is good).
Please let me know if you would like me to look info your case any further. Call me at 818. 990. 0418.
Valuable info. Lucky me I found your web site by accident, and I’m shocked why this accident did not happened earlier! I bookmarked it.
Great post! Thank you
Great post! Thank you