Auto dealer scams
Used Car Buying Scams | DMV.ORG
Watch Out for Auto Warranty Scams If you own a vehicle and a phone, you may receive calls from scammers posing as representatives of a car dealer, manufacturer or insurer telling you that your auto warranty or insurance is about to expire. The call will include some sort of pitch for renewing your warranty or policy.
[PDF File]Hidden Abuses Continue To Plague Auto Financing Industry ...
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remarkably consistent in identifying auto sales and financing scams as leading causes of financial readiness problems for military Servicemembers and their families. U.S. Department of Defense It is essential for America's national defense that auto sales and financing scams targeting military Servicemembers and their families be curbed.
[PDF File]Deal or No Deal
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victims of auto abuses. Two major auto-financing scams aimed at military personnel (as well as other consumers) are: 1. Buy Here, Pay Here used car loans─Dealer finances older used cars with hefty down payments coupled with a payment plan, ultimately resulting in repossession when the car breaks down and thereby creating
[PDF File]Deal or No Deal: How Yo-Yo Scams Rig the Game against Car ...
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Oct 03, 2016 · victim of a dishonest dealership? avoid becoming a victim what you should know about dishonest dealerships before your purchase during your purchase
[PDF File]FTC Consumer Alert - Idaho Legal Aid Services, Inc.
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abusive practices in the auto lending market. One abuse that received particular attention was the “yo-yo scam". The yo-yo scam occurs when a car buyer who finances the car through the dealer believes that the financing is final or is as good as final. The dealer lures the consumer back to the
[PDF File]Watch Out for Auto Warranty Scams
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Deal or No Deal: How Yo-Yo Scams Rig the Game against Car Buyers . Delvin Davis Center for Responsible Lending. INTRODUCTION . Throughout 2011, the Federal Trade Commission (FTC) convened a series of roundtables to explore abusive practices in the auto lending market. One abuse that received particular attention was the “yo-yo scam".
[PDF File]BEFORE YOUR False Advertising PURCHASE
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the auto dealer “advertised one price and then charged a different price for the same car.” In ... most recent scams ran from 1996 to 2000 and affected more than 880 customers who had purchased vehicles from Thomason without being told the cars were on sale. Scammed
[PDF File]Auto-Sales Fraud Litigation Shows Rampant Consumer Abuse
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How to Steer Clear of Auto Warranty Scams The Federal Trade Commission (FTC), the nation’s consumer protection agency, urges you to be skeptical of mail and phone calls warning that the warranty on your car is about to expire. The companies behind the mail and calls may give the impression they represent your car dealer or manufacturer.
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