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Tips_On_Dealing_With_Auto_Fraud

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					Tips On Dealing With Auto Fraud

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439

Summary:
The auto industry and their dealers are rife with scams and fraud and the
potential buyer needs to be armed with the knowledge of how these scams
work and how to avoid them. There are many dealers that run reputable
businesses and can get buyers into a vehicle without using fraudulent
means, but there are always those individuals or companies that are
looking for ways to take consumers for a ride. The state of California,
San Diego and Los Angeles in southern California in pa...


Keywords:
lemon law,vin number,state statutes,auto fraud


Article Body:
The auto industry and their dealers are rife with scams and fraud and the
potential buyer needs to be armed with the knowledge of how these scams
work and how to avoid them. There are many dealers that run reputable
businesses and can get buyers into a vehicle without using fraudulent
means, but there are always those individuals or companies that are
looking for ways to take consumers for a ride. The state of California,
San Diego and Los Angeles in southern California in particular, is home
to many of these scam artists. Even smaller states like Oklahoma have
their share of fraud cases and attorneys there are as busy as lawyers in
the larger California market. If you are fortunate, you won't be a victim
of one of these disreputable dealers, but it is wise to be aware of
potential scams before you head to the dealer. Here are some tips on
dealing with auto fraud.

People with bad credit are often the victim of fraud at dealerships. They
are easy prey, often due to the fact that they believe they cannot get
financing. The worst offenses usually occur in the finance office, where
the potential buyer often lets their guard down. One way to lessen the
chance of being scammed is to show up with no trade and to have your
financing done through your bank, with a bank draft in hand.

One of the most common frauds committed by car dealers and one that
attorneys see frequently brought to them is the advertising fee scam.
Dealers slip into the contract an advertising fee. Often times the
advertising fee is on the factory invoice. Dealers add in a second
advertising "fee" which becomes pure profit for them. The way to avoid it
is to simply ask that it be taken off the contract. If the dealer tells
you that the factory doesn't charge them an advertising fee, have them
show you the invoice. If there is no fee on the invoice, which is
unlikely, it is okay for the dealer to charge between 1% and 3% of the
Manufacturers Suggested Retail Price or MSRP for an advertising fee. If
it does not appear on the invoice, then the fee is completely negotiable.
If it does appear on the invoice, then that is a case of dealer cost and
is not negotiable.

If you feel you are the victim of auto fraud, the best way of dealing
with it is to contact a lawyer and learn what your options and rights
are. If you have a good case, a lawyer will have no problem presenting
your grievance to the court.

				
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