Insight On Car Dealership FraudPosted May 3, 2015
Auto fraud results from a lot of dealership scams and illegal practices that discourage consumers. Fraudulent dealership can cause consumers millions of dollars on unnecessary car repairs; unfortunately, car dealer fraud is hard to determine before the deal can be concluded. Car frauds in most occasions are detected later when the damage has already taken place and the buyer has spent a lot of time and resources trying to figure out what might be the problem with their car.
Car Dealership Frauds
Car dealership frauds are well organized by the loan departments and salesman who look to make extra money on the sale. One of the most frequent car trader scam revolves around predatory loans in which the buyer is not shown the full description and information on the kind of the agreement they are about to sign. Most customers lack the knowledge on fraudulent tactics that are used by car dealers. You should be very careful, as some dealers will lure you by offering cars that are not available and once you agree to seal the deal; they sell you a different car. You should also be on the look out for hidden fees and other price inflations before you finalize the contract.
Cost of Insurance
The cost of insurance can become a major expense especially when a good preparation policy is not considered since the high rising rate of insurance seems to be unavoidable. This is due to simple errors and mistakes that we normally make by ignoring simple rules. You should make sure that you follow the rules on the roads so as to ensure that you don’t pay extra cash on the traffic ticket; this helps to keep your rates low.
It is illegal for any business to make promises and statements that are not true. This will lure consumers by creating a false impression of the products you are selling. You should not advertise cars that are not available as this may cause unrest between the parties involved. In case you have been a victim of any fraud dealership, we advice you that the Consumer Action Law Firm can help you recover the compensation you deserve. We are responsible and aggressively fight for your rights as a consumer.
Feel free to schedule a free consultation online or call The Bennett Law Firm at 405.272.0303 to discuss your legal options with an experienced Oklahoma City lawyer today. No Recovery, No Fee!