Last month, a Connecticut Superior Court judge found that A Better Way Wholesale Autos in Naugatuck, CT had committed unfair trade practices when it to told a consumer that she had to buy various extras in order to finance her car purchase and then refused to refund her deposit when she refused. An arbitrator has just reached a similar ruling in a new case.
A Connecticut judge has issued a decision finding that A Better Way Wholesale Autos of Naugatuck, Connecticut engaged in unfair trade practices and committed auto dealer fraud when it refused to refund a deposit to an Manchester woman. The court awarded her a refund of her $2,500 deposit plus punitive damages of $7,500. The dealership is also responsible to pay the consumer's attorney's fees.
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 financing terms, and making false promises that defects would be repaired. The dealership also sold vehicles that had hazardous defects and failed to comply with state warranty requirements.
Last month, you may have heard about Nick Murray, a Connecticut resident who gained some internet attention from his YouTube videos documenting the unmerchantable condition of his new Porsche 911, as well as his frustration in seeking a refund or replacement under the Connecticut Lemon Law.
GAP protection covers the scenario where a motor vehicle is totaled in an accident or stolen and not recovered. Insurance will pay for the retail value of the car minus the deductible. If that is not enough to pay the car loan, the consumer is responsible for the difference. If a consumer has GAP protection, they theoretically will not have to pay that difference (but, read on - many consumers learn that they do not have the protection that they think that they have). The term "GAP", which evokes the image of a gap between the insurance payout and the outstanding loan balance, is sometimes used as an acronym for product names such as "Guaranteed Asset Protection" or "Guaranteed Auto Protection".