Car Purchase or Lease Scams

Car Purchases or Leases

1. YOU WERE CHARGED A VEHICLE DISPOSAL FEE.
2. You bought a car with financing papers, the dealer gives you the car. A week later the dealer calls you up and says you have to come back in since the financing did not go through and give him a larger down payment or redo the financing papers. This is a violation of the Truth in Lending Act and you are entitled to statutory damages of up to $1,000.00 plus actual damages. You are also entitled to tell the dealer you want him to stick to the contract.
3. You responded to an ad advertising bad credit or no credit no problem.
4. You rented a car with insurance supplements as part of the deal.
5. You leased a car and when you turned in the lease you had to pay fees you did not know where there.
6. You leased a car and the lease calls for “disposition fees” or “termination fees.”
7. You were charged VSI or Vender Single Interest insurance on a car loan
8. You had to pay for insurance on a car lease.
9. You had your car repossessed.
10. You purchased a car and the dealer “fudged” the amount of the down payment or the trade in value.