Buying an automobile is considering as a second most expensive investments
in their life after only home purchasing. A lot of consumers in U.S. are sure
that a vehicle is a way to demonstrate their financial prosperity in society.
Many California consumers are victims of automobile fraud and do not even
suppose it.
Auto fraud occurs when a dealer misrepresents the important
facts of auto, new or used, in a sale transaction. Auto dealer fraud may happen
in any stage of the vehicle purchase process, from advertising to signing
official procedure. Auto dealer fraud is a common incidence that takes many
different forms launch
x431. Some examples of auto dealer scams are odometer rollback fraud,
trade-in fraud, deferred down payments, vehicle抯 mileage, condition or defects,
finance paperwork etc.
Fraudulent automobile schemes
are:
?Odometer / Rollback
?Financing Scam
?Buyer's Guide
/ Used Vehicles - a consumer has a right to review, sign and receive a copy of a
"Buyer's Guide" on all used cars. Federal law requires that the Buyer's Guide
must be posted on the vehicle at the time of sale.
?Copies of Signed
Documents and Credit Applications朼 consumer have a right to receive copies of
all documents that he or she sign during a car deal
?Negative Equity /
Upside-Down on Trade-In Vehicles - a consumer has a right to receive proper
disclosure of negative equity or upside-down financing in the paperwork under
federal lending laws.
?Forgery 朓mportant to remember, the consumer has a
right to personally sign all documentation. Sometimes dealers will 揻orget?to
have a client sign a document, sign it themselves and turn it into the DMV
(Department of Motor Vehicles) or finance company, or attempt to use it against
the client later.
Auto fraudulent schemes are intended to defraud the
buyer in some way, and to benefit the auto dealer. In all cases if you suppose
that you have been a victim of auto dealer fraud, you should contact to 揟he Law
Offices of Hovanes Margarian?to schedule a free consultation.
The Law
Offices of Hovanes Margarian welcomes the opportunity to discuss your possible
auto dealer fraud case and explore ways to help get you launch
x431 v. We are an experienced law firm of attorneys specializing in
California Lemon Law, Auto Dealer Fraud and unfair business practices, which
means we understand California automotive law inside and out. Call the Law
Offices of Hovanes Margarian today at 818-990-2414, or fill out our confidential
online consultation form, for a free evaluation of your case.
Auto dealer
fraud attorney will be able to explain to you what type of fraud you are dealing
with and what your legal rights are.
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