Jul
17
2008
Negative trade-in value is one of the most frequently used types of auto dealer fraud. This dealer fraud occurs when a car dealer lies or misrepresents the value of a vehicle’s trade-in. The car dealer may inform you that you owe more than the car is worth or build-in the extra cost into your new loan by adding it to the price of the newly purchased car.
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[ To Learn more our services and areas of practice, please visit our website at
www.DealerFraud.org]
Jul
17
2008
Today, all of the national car manufacturers such as Chrysler, GM, Ford, Toyota and others have certified used car programs. Car dealers provide their customers with manufacturer backed used car certification for which they pay extra money. These programs are designed to provide customers with an extended warrantee, as well as make sure that the car has passed a detailed inspection promising that the car is in excellent working order and has no major problems. However, sometimes manufacturers inspect the “certified” used cars improperly and certify the car even though it should not have been certified. There have been such cases when the consumers purchased “certified” used cars and later discovered that they are in fact re-built wrecks with substantial permanent frame damages, and are worth far less than the purchase price and unsafe to drive. Consumers who have been sold improperly “certified” used cars have the right to sue for their damages or to return the car and get money refunded.
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[ To Learn more our services and areas of practice, please visit our website at
www.DealerFraud.org]