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The FTC’s “Combating Auto Retail Scams” (CARS) rule was supposed to take effect in July of 2024, but due to a pending legal challenge, the Final Rule’s effective date is delayed until ...
These include advertising fees, loan payment fees and market adjustment fees, all of which are already built into the price of the car. RossHelen / Getty Images/iStockphoto Extended Warranties
The car dealership might charge you this fee if you buy a new car that needs to be delivered from another dealership. This fee depends on the location of your new vehicle.
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.
Odometer fraud, also referred to as "busting miles" (United States) or "clocking" (UK, Ireland and Canada), is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer ...
Here’s how to avoid the top five auto fees car dealerships trick you into paying for. ... “Always question any fee that’s not government-mandated or clearly explained.” Be Aware: 6 Used ...
A brochure released by the State of Arizona Financing Fraud Division states: For example, if a car dealer sold a used car which he knew could not be safely driven, it would not only be a violation of the Act for him to state that the car was in good shape, but it would also be a violation if he failed to disclose the fact that the car could not ...
The Federal Trade Commission (FTC) is cracking down on junk fees. The new rule is expected to save consumers more than $3.4 billion, the FTC said. The FTC's rule goes into effect on July 30, 2024....