Most consumers trade-in their old vehicle when buying a new car. These deals can be complicated if there is still money owed on the trade-in, and a consumer can have real problems when the dealership does not pay off the trade-in. In a typical deal, the dealership...
Month: July 2014
Games Dealers Play: The Waiting Game
Games Dealers Play: The Waiting Game Buying a new or used car can be an exhausting process. Unfortunately, some dealers may drag the process out far longer than necessary. When consumers are tired or hungry, or when they have small children who getting cranky, they...
Dealership Admits to Auto Dealer Fraud
The Arizona Attorney General has obtained a consent judgment against a used car dealership for multiple acts of auto dealer fraud. The dealership was accused of selling cars with salvage titles without dislosing the status of the title, not properly disclosing...
Student Loan Scams
An article in Today's New York Times discusses the predatory nature of some debt settlement companies, who are increasingly targeting consumers who collectively owe more than $1 trillion dollars in student loans.
Auto Dealer Fraud Higher For Cheaper Cars
Incidents of fraud by auto dealers are higher for lower priced cars, according to a recent study. The study, which was conducted by iSeeCars.com, evaluated millions of advertised vehicles and determined that the lower the price, the greater the likelihood that there...
How to Get Free Credit Reports – No Strings Attached
We highly recommend that consumers check their credit reports before they begin shopping for a new or a used car. Finance charges are a major expense, and consumers should know where they stand before they let a car dealer talk them into paying too high an interest...
Telemarketing Scams: Rachel from Card Services
Unwanted telemarketing calls can be very annoying. The Federal Trade Commission's Do Not Call Registry helps limit calls from legitimate telemarketers. But, the registry is not much of a deterrent to scam artists.Many have received calls from "Rachel from Card...
Car Dealership Sold Unsafe Certified Pre-owned Car
A Connecticut Serviceman and his wife have sued a West Haven dealership for selling them an unsafe car even though the dealership allegedly told them that the the car was certified-preowned. Read about problems with certified pre-owned cars here. According to a...
CFPB Needs to Act on Arbitration
No one does a better job of shining a bright light on the problems caused by forced arbitration than Public Justice Executive Director Paul Bland. He really lets loose in a blog article written earlier today discussing a recent travesty of justice in North Carolina,...
Odometer “rollbacks” are often part of a bigger picture
The types of fraud that an auto dealership could commit are limited only by the fraudster's imagination. Many times, a multifaceted approach is used that incorporates a variety of methods. Odometer rollbacks are a common fraud in the used car market. Manipulating the...
Are you just unlucky with your car, or were you tricked?
When you buy a car, you know that it’s going to break down at some point. It’s going to need repairs. All vehicles do. This is just a given, and many people specifically budget for these future needs. However, you also expect it to last for a certain amount of time...
Vehicle history checks should consider recent flooding
Connecticut and states across the entire U.S. were negatively impacted by the recent massive storms and tornados. Damaged property was a major problem and a significant portion of that was inflicted on vehicles because of widespread flooding. Water damage can severely...
What to do if you’re a victim of auto dealer fraud
Purchasing a car is a major deal for most Connecticut residents. Cars cost thousands of dollars and it can be nerve wracking to go to a dealership, pick out a car, negotiate a price, and obtain financing. Car dealerships are full of notoriously shady characters and a...
Can a dealership just paint over major rust damage?
Winter weather, road salt and age can all contribute to the amount of rust that develops on a vehicle. Rust is unattractive, but it is far from just a cosmetic issue. Substantial amounts of rust on a vehicle can impact its structural integrity in the event of a crash....
What’s a straw purchase dealer scam?
Imagine this: You go to a dealership to buy a vehicle. You find one you like that is around $2,000 above your limit. You can’t finance it, so you decide that you should walk away and wait to get something else. Then, the dealer stops you. What if someone they know...
Auto dealer fraudster sentenced to prison for 60 months
Used car dealers and salesman are some of the most hated individuals in the U.S. This is mostly due to a pervasive idea that they are fraudsters, and this is why every state has laws against auto dealer fraud. Though, what some may not realize is that federal law also...
Avoiding online car buying scams
Readers of our blog are no stranger to car buying scams. Indeed, many of our blogs are devoted to auto dealer fraud, like last week’s blog. In that blog post, we described how some online “internet prices” were actually after an undisclosed down payment. And, after...
Be careful when shopping for a car online
When a Connecticut resident needs a new car chances are they will search the internet first before heading into the dealership. This can be a good way of checking prices, models, features, etc., but a recent article in PC Magazine highlights the deceptive nature of...
Don’t get burned by these three common types of auto fraud
Studies show that around 1 in 10 property/casualty insurance claims are fraudulent. In fact, insurance fraud is close behind tax evasion amongst some of the most pervasive white-collar crimes. This means that the likelihood of experiencing the outcome of such fraud is...