Much of the automotive fraud happens what the dealer or seller advertises versus what you actually get when you check the automobile. The fraud can also happen due to the fine print in the lease or purchase contract. A few common types of automotive fraud include:
1. False Statement and Claim About The Automobile Price: When you choose an automobile and negotiate for the most reasonable price, you may find the total selling price on the contract paper to be much higher than what was advertised for that vehicle or what you agreed to pay. The seller or dealer may have added some hidden charges with no transparency and hoped that you would ignore or accept without questions. If you experience such a thing, it’s best to walk away from that seller or dealership while reporting about them to the Federal Trade Commission.
2. Hiding The Lemon: If you’re buying a used car, it’s crucial to verify the vehicle history thoroughly. Also, bring an individual mechanic for inspecting the automobile. At times, the dealer may misrepresent or misguide you about the car’s condition to hide the car is a lemon or involved in any crash. This is a fraud, and you should simply walk away from such a deal.
3. Financial Fraud: If you’re planning to buy an automobile on loan, a dishonest and cunning dealer can claim your credit score to be too low. The dealer may claim it to be the reason for your ineligibility to get low-interest financing options while convincing you of some unfavourable terms.
Ending Note
So, if you experience or encounter any automotive fraud, you must contact the best automotive attorney in town.
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