Auto Fraud
An astonishing large number of car and truck sales involve fraud. The best way to describe auto fraud is to give some of the more common examples. Now, keep in mind, this list contains only a fraction of the types of scams and rip-offs involving auto leases and sales:
- undisclosed damage from a crash or flood;
- the odometer has been rolled back;
- the car was a prior lemon buy-back or salvage vehicle;
- the car was sold before and returned but they sold it to you as a "new" car;
- deceptive ads;
- lying about the financing;
- forging your signature on documents or putting false information on your credit application;
- telling you "gap" insurance is mandatory;
- fraudulent repairs;
- fixing things that aren't broken to make more money;
- misleading warranties, etc, etc.
The whole process is designed to help the dealer make money, not get you the best deal. Remember, the final written contract holds a lot of weight in court so read it before signing!