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Yo-Yo Sale, Spot Delivery Fraud and Conditional Delivery Scams

Submitted by admin on Tue, 10/15/2019 - 23:05

Auto Contract Fraud

Yo-Yo Sales, Spot Delivery Fraud and Conditional Delivery Scams are one of the most widespread abuses in the automotive industry. This sophisticated form of fraud applies to both leased and purchased vehicles that are being sold as either new or used and is very difficult for most consumers to recognize that they are being defrauded. Yo-Yo Sales, Spot Delivery Fraud and Conditional Delivery Scams always require the buyer signing a second loan or lease agreement.

Negotiating in a Foreign Language Contract Fraud

Submitted by admin on Tue, 10/15/2019 - 22:56

foreign-Language Contract Fraud

If a dealership, either orally or in writing, negotiates the sale or lease of a vehicle to a consumer in the Spanish, Chinese, Korean, Tagalog or the Vietnamese language, then the dealership must give that consumer a translation of the Buyer's Guide and the vehicle's final contract in the language that the sale was primarily negotiated in prior to presenting the buyer with a final contract for the sale or lease to sign.

Odometer Fraud / Odometer Rollback Fraud

Submitted by admin on Mon, 10/14/2019 - 22:31
Odometer Fraud

Odometer Fraud may be the largest act of fraud committed against the American consumer today. Under the Department of Transportation, The National Highway Traffic Safety Administration has estimated that close to half a million vehicles are sold each year that involve some form of odometer fraud. The collective cost paid by the American consumer in inflated car prices for these vehicles is estimated over one billion dollars.

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