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Category Archives: Used Car Fraud

UsedCarLot3

Non-Disclosure and Affirmative Misrepresentations by Used Car Dealers

By Louis S. Schwartz, Attorneys at Law |

Most fraudulent activity that takes place during the sale of used vehicles falls under one of two categories: non-disclosure or affirmative misrepresentations. The first occurs when a dealer purposely withholds information that affects the value or desirability of the vehicle, while the latter involves taking a more active role in misleading customers. Fortunately, both… Read More »

Pillars

Yo-Yo Financing Tactics

By Louis S. Schwartz, Attorneys at Law |

Of the many fraudulent tactics used by unscrupulous used car dealers, yo-yo financing is perhaps the most common and devastating to buyers. Yo-yo financing occurs when a buyer signs a contract, takes the car home, but then is notified weeks later that his or her financing wasn’t actually approved, and the car must be… Read More »

Odometer

The Dangers of Odometer Fraud

By Louis S. Schwartz, Attorneys at Law |

Recently, the owner of an Arizona used car dealership was arrested for selling vehicles with false odometer readings to unsuspecting consumers. During its investigation, the Arizona Department of Transportation discovered that in addition to altering the mileage on its vehicles, the dealership had also removed the letter “C” designation from many of their titles,… Read More »

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