Sep 04 2008
Auto fraud can occur…
Auto fraud can occur at any stage of the vehicle purchase process, from advertising to signing on the dotted line. Here are some common situations that can give rise to auto fraud.
Improperly inflating a vehicle’s invoice price: Improper inflation of the invoice price include making additions to the invoice figure, when those charges were originally included in the invoice price (i.e. destination charges)
Bait and Switch: A form of false or deceptive advertising or selling the advertised vehicle at a price higher than the advertised price.
Add-On Concealment: Concealing the inclusion of certain optional “add-ons” during the negotiation process, or the costs of those add-ons, but including those add-ons in the final vehicle price.
Vehicle Trade-Ins: Undervaluing and underpaying for a car buyer’s trade-in vehicle.
New Dealer Returns: Selling as a new vehicle that was actually returned to the dealer because of a defect or persistent mechanical problem or was returned shortly after purchase for some other reason.
