Monthly Archives: March 2010

Car title fraud is the act of deliberately misrepresenting the car’s title history. This is a big issue in US as the states have different approaches to what constitutes a “salvaged car”. The frequency of car title fraud leaves a heavy stain on the car buying process.

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In case a buyer has a bad credit but wants to buy a car, his financing options are not wide. For that reason buyers turn to car dealers who can provide the money required for the new car. Car dealer scams associated with car dealer loans are the following: Previously Wrecked Car Sold “As Is” You will be asked to sign documents that will state the car’s condition and that you agree to buy it “As Is”. In this case you have no warranty. If something happens to the car, there will be practically nothing that you can do. The best thing to do to avoid this car scam …

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The process of credit approval starts with the completion of the car loan application which is then taken to the finance manager for approval. Generally, some of the most reputable car dealers have national and local lenders and even internal financing capabilities and may get convenient car loan rates for their buyers. However, in some cases buyers may fall victim to a very common car buying scam in which the fraudulent dealer may use the financial transactions to maximize on his/her profits. This auto scam is usually designed like this. Your credit application is returned to you with the citation that your credit is not good and therefore you …

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If you have decided to buy a car from a dealership then you should know that there is a possibility of ending up with a lemon car. Being cautious and taking time for thorough research is the only way to avoid becoming a car fraud victim. Here are a few steps that may be helpful when buying a used car. 1.    Check the model’s reliability records Checking the model’s reliability records is a great way to avoid auto fraud. This step is not only helpful, but also is fairly easy to take. You may check online or in various consumer reports publications offering annual vehicle profiles. 2.    Check the …

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Odometer fraud is the illegal act of tampering with the odometer of a vehicle to falsely represent the true mileage of the vehicle. Used car salesmen, individual sellers and mechanics may commit odometer fraud in an attempt to increase the probability of selling the car and profiting from it. Unfortunately for the offenders odometer rollback discovery often leads to a combination of serious charges and severe penalties if convicted. Usually the ultimate goal of odometer fraud is to make the car appear more attractive to potential buyers and charge more money for the used car than it is worth. If a person is charged with odometer fraud, he/she will …

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Finding a good car lawyer who can efficiently help with your particular problem may not be easy. Don’t expect to find a car lawyer by simply looking in the phonebook or reading an advertisement. There’s not enough information in these sources that may help you make a valid judgment. Personal Referrals Talk to people in your community who have had the same problem you face. Ask them who their attorneys were and what they think of them. If you talk to a lot of people who have had a similar problem, chances are you’ll come away with several good leads. Lawyer Directories Lawyer directories are an excellent tool for …

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To avoid falling victim to various car dealer scams, one should be very well aware of them. It is the buyer’s job to make sure they have done their research on a vehicle before entering the car dealership. The buyer should clearly know how much he/she has prepared to spend on his/her new car. The first place you can get caught with car dealer scams is in negotiating the vehicle’s price. There are various websites that tell you the car dealers actual cost on a particular vehicle as well as the average selling prices for that vehicle in a particular area. Have this information with you and never negotiate …

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Step1:Be friends with a mechanic No one but a good mechanic can inform you about the exact problems of the particular car brand or model you are eager to buy. You might think that you definitely know the type of a vehicle you want to buy, but a friendly advice of an experienced mechanic can help you to find out the best manufacturer. Step 2: Organize for financing through your bank Usually banks suggest a considerably lower rate than what a used car dealership will offer. If you have a previous lending and good standing history with your bank you can receive up to 90 percent financing. By protecting …

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When purchasing a new car you need to be very careful in order not to get scammed. So you should know the most common car tricks dealers use to make profit on you. Read our blog to get the knowledge that is necessary in order not to become a car dealer fraud victim. Search for car buying advice Always remember that when you go into a dealership that they are looking to sell you a car and make a hefty profit. You need to learn the art of negotiation so that you can get the best possible price and save yourself a lot of money meantime. Go into the …

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Car title fraud, the act of deliberately misrepresenting the title history of a vehicle, occurs more often than it should. Whenever a vehicle is severely damaged in an accident or by a natural disaster, or stripped of its parts, it is given a new title that includes the type of damage the vehicle sustained. Then it is often sold at an insurance auction. If you purchase your car at an insurance auction and the following happens, you have become a victim of car title fraud: The car is often purchased at a “too good to be true” price because of the car’s damaged history. Known as “title washing,” the …

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