You may find a lot of content on the web about how unscrupulous car dealers rip-off their customers. Some things never change and probably never will. A certain percentage of car dealers will always take the low road. In fact, they try to drag their clientele along with them.
Auto dealers, whether deserved or not, do not exactly enjoy the best of reputations. That fact is often reinforced by some car sellers playing tricks on consumers. They are often manipulating various aspects of an automotive title.
A vehicle’s title is the crux of a motorist’s stake in their automobile. It represents their interest in a given vehicle. Whatever name is on the title is the name of the vehicle owner. Be it your name, a car dealership’s, a bank’s, some other financial institution or a repo company.
In fact, a vehicle’s title tells the story of that car in the eyes of the law. Automobiles are often of huge monetary value. There is, therefore a lot of incentive and temptation for the dishonest auto seller to use fraudulent methods. They might do this to add to their own pockets. While at the same time siphoning those of their unfortunate customers.
As a matter of fact, there is a lot of dishonest money that dealers can earn by abusing the automotive title system. So the consumers need to always be on their guard about flagrant misrepresentations. Various methods have evolved over the years that have proven effective in bilking overly trusting consumers by altering vehicles’ title information.
Dealers often resell cars that have been in a flood. During the sale, they’re purported to be in better shape than advertised.
With the ongoing effects of a distressed economy not yet completely healed, a car dealer may find that they are struggling to meet their own financial arrangements with their bank. If they haven’t yet paid their investors for the cars that are on their lot, they may wind up selling you a car with a title that hasn’t passed muster.