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Five Examples of Auto Dealer Fraud

Christina Moran by Christina Moran
November 23, 2022
in News
0

Auto Dealer

Are you excited about purchasing a new car or a motorcycle? Watch out! The thrill accompanying the choice of a vehicle should be taken under control since many dealers are waiting for a chance to drain your budget.

Although some of these examples of auto dealer frauds are as old as the history of the automotive industry itself, for example, an odometer rollback, it is still sensible to remind yourself of them and keep your guard up!

Content Summary show
Hiding the car’s past by an auto dealer
Odometer rollback for decreasing the mileage
A bait & switch strategy: check vehicle history of sales
Hidden charges
A false credit application
Conclusions

Hiding the car’s past by an auto dealer

Revealing the secrets about the actual condition of a car or a motorcycle is particularly frustrating. No one wants to lose all savings on a car or a bike of one’s dreams only to find out the vehicle damage history was successfully changed.

It is certainly recommended to check vehicle history first. Still, if you happen to become a victim of scammers, you should be prepared for their attempts to protect yourself from your complaints about the fr

Odometer rollback for decreasing the mileage

The classic trick of all time is falsifying the readings of a vehicle’s odometer. Undoubtedly, lying about the actual mileage is the most accessible fraud an auto dealer can commit.

Checking vehicle damage history can give you some insights into how the vehicle was used in. However, you might not get any hints about its actual condition if there were no damage cases.

A bait & switch strategy: check vehicle history of sales

This technique is based on psychology. If you come across a real bargain online and find out it is not available anymore in the actual place of car dealing, the unfair dealer might try to talk you into buying a very similar vehicle for a more excellent price. In reality, the car sold to you for more money might even be the one that had supposedly already been sold before you came!

Hidden charges

Undoubtedly, auto dealers can also include various hidden charges into a contract, so you should be very careful while reading it, just like any other document.

A false credit application

More and more car dealers will even talk their clients into getting a large loan to purchase a costly vehicle. These dealers are ready to falsify your credit application to make it possible.

Conclusions

Staying cool while looking for a new vehicle is a must. Check different offers and opinions about auto dealers, ask your acquaintances for suggestions, invite a good car mechanic and delve into the vehicle’s service book – a service history check cannot be omitted!

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Christina Moran

Christina Moran

Organizer. Communicator. Food enthusiast. Unapologetic tv junkie. Twitter fanatic. Reader. Spent 2002-2008 licensing psoriasis for the underprivileged. Was quite successful at working with accordians with no outside help. Spent college summers lecturing about rubik's cubes on the black market. Set new standards for buying and selling human brains in Minneapolis, MN. Spent 2002-2007 selling licorice in Atlantic City, NJ. Have some experience working on the elderly in Atlantic City, NJ.

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