Jul 17 2008
Auto Dealer Fraud: Negative Trade-In Value
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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