Please see the following pages to learn more about Auto Fraud.
Every year, millions of consumers are unsuspectingly defrauded out of thousands of dollars by auto dealerships. Auto fraud has dramatically increased, both geographically and in the number of consumers it plagues. Recent evidence from auto fraud litigation, consumer complaints, and industry experts reveal that fraudulent activities will continue to spread, as more dealerships become part of large conglomerates.
While most consumers suspect that auto dealerships do not always conduct honest business, they are unaware of the variety of factors that may unknowingly lead them into an auto fraud trap. For example, the large price of a vehicle purchase, the flood of paperwork, and the connected relationships between dealerships and finance companies make consumers especially susceptible to the scams developed by auto dealerships to push for the highest profit from every sale.
In most auto fraud cases, consumers are vulnerable to inflated loan amounts, increased interest rates, extra charges added during all stages of the sale, and fraudulent practices between dealers and banking institutions. In addition, false advertising and misleading warranties and servicing are also considered auto fraud.
It is important to know that several federal and state laws protect consumers against auto fraud including the Fair Credit Reporting Act, the Truth in Lending Act, and other consumer protection and tax laws. If you have been a victim of auto fraud, you may be eligible to seek compensation for your damages. Please contact us today to speak with a qualified attorney who can assess your case to determine the best course of action.
Why Should You File an Auto Fraud Lawsuit?
By filing an auto fraud lawsuit, you can recover compensation for your losses and suffering including actual damages, statutory damages, attorney fees, and court costs.
In the event that a large group of consumers suffered a similar harm because of auto fraud, they may file a class action consumer fraud lawsuit to recover damages. Furthermore, victims of consumer auto fraud are urged to file an auto fraud complaint with the Federal Trade Commission. It is important to report fraudulent activities to ensure auto dealerships are held liable for their wrongdoing.
If you would like to learn more about auto fraud practices or for more information about your legal rights and options, please contact us today to speak to a qualified and experienced auto fraud attorney who is committed to protecting your best interests.