Tag Archives: Fraud

If you purchase a car that has had its odometer rolled back, you may end up paying more for a vehicle than it is actually worth. You will never know when an actual scheduled safety check is due which could make driving the car a safety hazard. There are a number of reasons why sellers roll back odometers. There are people who have leased cars who will roll the odometer back so they do not have to pay the lease return mileage fee. For those who have the “know how” and tools, it is quite easy to roll back an odometer. With newer cars, all that one has to …

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Buying a car is not fun, we all know that, but in case you are not very careful you can get ripped off in this process without even knowing it. Instructions 1. Tell the dealer that you are not going to discuss rebates until you agree on the price of the car. Usually rebates are planned to attract new car buyers into the showroom, and they do. The manufacturer directly sends the rebates they have no bearing on the price you negotiate for your new car. Never let a rebate determine the price you will pay, stick to the number you have in your head then have the rebate …

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Number plate cloning is a wide spread problem in the world. The thieves “clone” car number plates and as a result clone the identity of a vehicle- meaning any speeding fines or violations of traffic will be recorded against the legitimate car which has been cloned. How does it work? The theory of cloning number plates or vehicles begins as a thief acquires a vehicle, by finding a similar vehicle and noting the number plate – the criminal then proceeds to have a set of number plates made. By having this new number plates on his own car – the thief has “cloned” the car – there are now …

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As you look for a used car, you might come across the phrase “salvage title” in a used car advertisement. The price is going to seem right and you’re really going to buy it. Used car salvage titles are not bad idea at all, but make sure you know what you’re getting into before purchasing a used car with a salvage title. Here you have four things for you to do before buying a vehicle with a salvage title: •    Understand What a Salvage Title Is •    Get a CarFax report •    Get a Qualified Inspection •    Weigh the savings vs. future costs Understand What a Salvage Title Is …

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Unhappy used car shoppers are finding out horrible information after purchasing used cars. They are learning that their cars have been damaged in floods and they didn’t realize it before purchasing the car itself. Here are some tips that can help you to escape being stuck with a vehicle that has many hidden repairs needed which can cost you much more than you planned on spending when you purchased that used vehicle. Water-damaged car is something that can be much easier to hide than it is to repair, that is the reason you need to inspect in hidden areas to determine if the used car you are considering to …

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Auto dealer fraud can crop up at almost any stage of the vehicle purchase process, from advertising to signing on the dotted line. Here are some common states that can give rise to auto dealer fraud: •   Incorrectly inflating a vehicle’s invoice price – The “invoice” is the amount that the auto dealer is charged for the vehicle, by the vehicle manufacturer. Examples of incorrect inflation of the invoice price include making additions to the invoice figure, when those charges were initially included in the invoice price (i.e. “destination” charges). •    “Bait and Switch” – A form of false or unreliable advertising, in which a car dealer attracts customers …

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Generally, most car buyers are well aware of common dealer tricks and dealership scams. However, there are car buyers who are less experienced can easily fall for commonly used dealer tactics. Remember that when selling a new or used car, the car dealer makes profit in two ways. First they profit from the sale of the vehicle itself, and second, from the interest paid by the buyer. One thing that you should keep in mind when you intend to buy a vehicle is that the dealer will, most probably, try to trick you into paying as much for the car as possible. Dealership Mark-Ups is one of the tricks …

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You’ve probably already heard about the C.A.R.S (Car Allowance Rebate System) Act, otherwise known as the Cash for Clunkers program. Pursuant to the act, the government will give a used car owner a credit of $3500-$4500 toward the purchase of a new car when the old clunker is traded in at an automobile dealer. The system encourages individuals to get rid of their old cars in favor of more fuel-efficient vehicles. There are a few requirements that must be met in order to be eligible for a rebate on your trade in. The basic rules of the Cash for Clunkers program are as follows: • The vehicle being turned …

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Sometimes car dealers sell poorly rebuilt, wrecked or salvaged vehicles. Thus, after the purchase car buyers find that the vehicle is unsafe and moreover it is priced too high. The majority of these vehicles were involved in accidents or floods. Most of the vehicles look good on the surface, but they may have steering problems, defective brakes, inadequately welded parts and overall, poor handling. Most of the state laws require car dealers to inform customers before purchase if the car has, to their knowledge, a “salvage title” or has been involved in an accident. If a car dealer fails to disclose any such information it is considered fraud. Make …

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During the car negotiations of the car deal customers get to know a number of terms, such as purchase price, options, down payment, trade-in credit, monthly payment, interest rate, loan term, and balloon payment. All these elements of a car deal lead to confusion or fraud. It is difficult for the customer to focus on all of the terms mentioned by the car dealer. If the customer focuses on one of the terms he will probably miss all the others and car dealers know this. Distraction is an art that many car salesmen study diligently. For example, many people have become a victim of dealer fraud by focusing on …

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