Car Dealership Fraud
Buying a car should be a joyous occasion, but sometimes it is fraught with deception. Car dealership fraud takes on many shapes and sizes. Some common deceptive techniques used by car dealers is:
- undisclosed wreck damage;
- yo-yo financing;
- misrepresenting finances on credit applications;
- selling a vehicle as Certified Pre-Owned when it is not;
- selling lemons;
- unlawful repossessing a vehicle; and
- improper post-repossession collection.
This list, however, is not exhaustive. Car dealerships get creative on how to maximize profits–at any expense.
New Mexico has strong consumer protection statutes that help consumers that have been taken advantage of by a car dealership. If you believe you are a victim of car dealership fraud, contact us today.