Buying a car can be a fun and exciting experience. Unfortunately, sometimes that experience can turn into a nightmare if it turns out that the car dealer acted fraudulently. Car dealer fraud describes the deceptive and illegal practices used by car dealers. This type of fraud can occur at any stage of the car buying process, from advertising to negotiating the car price and financing terms.
Ethnic Media Services therefore held an informative session on the types of car dealer fraud, as well as tips for buying a used car. In addition, the guests presented answers to frequently asked questions about car dealer fraud, as well as how to assert your rights if you are a victim of this type of fraud.
Fraud is covered by both criminal and civil laws. The most obvious difference has to do with who brings the legal case. Sometimes, a person who commits fraud is both prosecuted criminally and sued in a civil action.
Daniel Dwyer, an attorney with the Federal Trade Commission's Division of Financial Practices, said: