Many potential clients contact us after being told by a dealership that their old car had been in an accident and that they can't take it as a trade-in. Sometimes, this is true:many vehicles offered for sale at car dealerships that are not safe to be driven because of prior wreck damage that was never properly repaired. But, sometimes the dealership is being dishonest. This is one of the Games Dealers Play: Badmouthing the Trade-In.
This is the fourth of nine articles in our Blog Series Is Leasing Really Fleecing?
This is the third of nine articles in our Blog Series Is Leasing Really Fleecing?
Powerbooking is one of the most common types of credit application fraud that car dealers commit. A car dealership powerbooks when it tells a bank or finance company that a car or truck is loaded even though it does not have many of the options that are described.
The advertisements seem too good to be true: the car dealership will give you $3,500 for your trade-in, regardless of condition. Many consumers who have trade-ins with serious problems find these offers impossible to resist. But, be careful, because these advertisements are deceptive and are a type of auto dealer fraud.
Some car dealerships routinely make promises that they know cannot be kept. "Come back in six months" they say, "Your credit will be better and we can get you a lower payment."
Many consumers tell us that they purchased a vehicle because the car dealership told them that they were approved to buy only that car. This is a particularly nasty type of auto dealer fraud that we call "Passing the Trash".