Monthly Archives: December 2018
Pennsylvania Dealership to Pay More than $2 Million in Fines for Fraud Scheme
Early last month, a Pennsylvania used car dealership agreed to pay more than $2 million in restitution and fines for selling vehicles at falsely inflated prices to subprime consumers. Unfortunately, this type of conduct is not uncommon in the used car sales industry, so if you were recently taken advantage of by a dealership… Read More »
The FTC and the Used Car Rule
In 1985, the Federal Trade Commission (FTC) instituted the Used Motor Vehicle Trade Regulation Rule. More commonly referred to as the Used Car Rule, these regulations require used car dealers to display window stickers, known as Buyers Guides, on all used cars. These stickers contain important information about the vehicle being sold, including information… Read More »
The Puppy Dog Close
Used car dealers are notorious for using certain sales tricks to convince consumers to buy a vehicle. For instance, most people have heard of the bait and switch technique, which involves advertising cars at an apparent bargain and then substituting more expensive or inferior vehicles when consumers actually show up at the lot. While… Read More »
