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4 Sneaky Car Dealership Scams That Might Be Illegal in 2025. Laura Beck. December 16, 2024 at 9:01 AM ... It meant to crack down on four of the most common scams that car buyers have had to navigate.
The way it works is that the dealer physically draws four squares on a piece of paper: one for the vehicle price, one for the trade-in value, one for the down payment and one for the monthly payments.
The Federal Trade Commission announced a new rule Tuesday that is intended to stop auto dealers from using hidden fees and bait and switch price tactics on buyers. FTC reveals new rule targeting ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.
The federal consumer watchdog has levied several complaints against dealerships as recently as December 2024, winning a settlement of $20 million from a handful of dealerships accused of ...
Atlanta woman follows advice of used car salesman, falls prey to insurance scam after missing this major red flag — and she’s not the only one Danielle Antosz October 2, 2024 at 3:57 AM
Authorised push payment fraud (APP fraud) is a form of fraud in which victims are manipulated into making real-time payments to fraudsters, typically by social engineering attacks involving impersonation.