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
In California, the car dealer has 10 days to find a lender for a car purchase (typically called the 10-day rule in auto financing). After 10 days, the car dealer becomes the lender, which means the dealership will have more input on the car loan, credit score, factoring in bad credit, good credit, or excellent credit. Whether you find financing privately on your own, through the car dealership's lenders and relationships, or obtain financing directly with the dealership and their finance … [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
Odometer Fraud – How to Detect Odometer Rollback
Odometer fraud is a federal crime that costs consumers over $1 billion annually. When a car dealership sells a car with odometer tampering, consumers can file a lawsuit against them for violating federal civil law. Learning how to detect odometer rollback can help you figure out if you can sue the car dealership for selling you a car with odometer tampering. It can also come in handy the next time you are looking to purchase a car. What Is Odometer Fraud? Odometer fraud, commonly known … [Read more...] about Odometer Fraud – How to Detect Odometer Rollback
False Advertising and Misrepresentation – What You Need to Know
People will do anything to make money these days. Some sell cheap knockoffs, others sell at discounts, but the worst ones make money through false advertising and misrepresentation. Auto dealer fraud is a big concern in a car purchase. Car dealerships advertise their vehicles at a desirable purchase price but sell them at higher prices, advertise cars that they don’t actually sell, or used car dealers advertise their cars as having no damage when they actually have defects. For these … [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 their technology will become the … [Read more...] about How to Minimize the Risk for Fraud in Auto Lending