For years, our car dealership lawyers in Los Angeles, California have gone to court to fight car dealer fraud when vehicle buyers get ripped off. Our auto dealership lawyer helps buyers when the dealer lies or sells a defective vehicle. Car dealer fraud is typically the result of a dealer lying about the condition of a vehicle. Past cases include examples such as a dealer telling the buyer the vehicle was “in perfect condition” when the buyer later pulled a CarFax and found out that the … [Read more...] about Car Dealership Lawyers for Fraud
auto fraud
The 10-Day Rule In Auto Financing Explained
Reviewed by Attorney Chuck Panzarella KEY TAKEAWAYS 10-Day Window: In California, when you buy a car and the dealership arranges financing, they have 10 days to secure a loan for you. If they can't secure financing within this period, they must notify you, cancel the contract, and return any down payment or trade-in. Dealer Becomes the Lender After 10 Days: If the dealership cannot find financing within 10 days, they either have to cancel the deal or offer to finance the car … [Read more...] about The 10-Day Rule In Auto Financing Explained
Yo-Yo Financing: Don’t Be Fooled By This Car Dealership Scam
Yo-yo financing is a common car dealership scam used to trick consumers into signing paperwork that will cause them financial harm. Unfortunately, not everyone is well-informed of this car dealership trick and end up paying more for their purchased vehicle than they originally agreed to. If you have recently purchased a car from a dealership or are looking to buy one, it is important that you know all the details about yo-yo financing. It may end up helping you, your family members, or … [Read more...] about Yo-Yo Financing: Don’t Be Fooled By This Car Dealership Scam
How to Spot Odometer Fraud and Protect Yourself When Buying a Used Car
Reviewed by Attorney: Charles Panzarella Buying a used car can be a risky business. According to the National Highway Traffic Safety Administration (NHTSA), over 450,000 vehicles are sold each year with illegally doctored odometers, costing unsuspecting consumers over $1 billion annually. As a consumer, arming yourself with information is the best defense against predatory odometer fraud. This guide will teach you how to detect tampered odometers and ensure you don’t get scammed. What is … [Read more...] about How to Spot Odometer Fraud and Protect Yourself When Buying a Used Car
False Advertising and Misrepresentation – What You Need to Know
Reviewed by Attorney Charles P. False advertising remains highly prevalent across the auto sales industry, misleading countless buyers into overpaying or purchasing defective vehicles. This article explains common deception tactics used by dealerships, cites data on advertising fraud prevalence, and provides expert tips to avoid becoming a victim. Common Car Dealer Cons and Scams Beyond generalized lies about specifications or condition, some of the most widespread examples of misleading … [Read more...] about False Advertising and Misrepresentation – What You Need to Know
How to Minimize the Risk for Fraud in Auto Lending
There is a stunning increase in the risk for fraudulent auto lending, as pointed out by a new San Diego startup that uses machine learning software and specifically designed algorithms to detect vehicle loan fraud. “Looking at the data, PointPredictive believes the level of annual fraud risk in auto lending will reach $4 billion to $6 billion this year – up from $2 billion to $3 billion in 2015.” (The San Diego Union Tribune). This new company is hoping its technology will become the … [Read more...] about How to Minimize the Risk for Fraud in Auto Lending